FOXBORO, MASS. (WHDH) - The New England Patriots on Wednesday officially announced the signing of former NFL MVP Cam Newton.

Newton, 31, is a veteran of nine seasons with the Carolina Panthers and was selected in the first round with the first overall pick of the 2011 NFL Draft out of Auburn.

Newton started 124 of the 125 regular-season games he played for the Panthers and completed 2,371 of his 3,980 passes for 29,041 yards with 182 touchdowns.

His 4,806 rushing yards are third in NFL history among quarterbacks, ranking only behind Michael Vick and Randall Cunningham. He also set the NFL record for most rushing touchdowns by a quarterback in a single season with 14 in 2011.

Newton won the NFL MVP in 2015 when he led the Panthers to a 15-1 record and an appearance in Super Bowl 50.

Jared Stidham and Brian Hoyer will likely compete with Newton for the starting quarterback spot in Foxborough following the departure of Tom Brady.

The Patriots did not disclose the financial terms of Newton’s contract, but multiple reports indicate he agreed to a one-year deal with a base salary of $1.05 million with incentives and roster bonuses that could boost it to $7.5 million.

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