Davis, who was in the final year of his contract, registered 100 total tackles and 2.5 sacks last season for Carolina, his 10th in the NFL. The Panthers drafted linebacker Shaq Thompson in April, but still see Davis as a key component of their defense.
"I now get to officially end my career as a Carolina Panther and that means the world to me," Davis said via the team.
Terms of the contract were not disclosed.
"It's a work in progress. It's something that both sides are working on, trying to get it done," Davis said. "We're in a good place right now. It's not something I'm stressing over, and I'm sure they're not stressing over. It'll eventually get done."
With Panthers selecting linebacker Shaq Thompson in the first round of the 2015 draft, Davis knows his days with the team may be limited.
"I'm not naive, and I'm not crazy," he said. "Eventually, there's going to come a day where Shaq takes over the reins and he's going to take over for my position. But for right now and the near future, it's really set up to where you put three really fast, athletic guys on the field and we're going to go out dominate together."
Rodgers played all 16 regular-season games in 2014 for just the second time in the last five seasons, completing 65.6 percent of his passes while racking up 4,381 passing yards, 38 passing touchdowns and five interceptions. He also added two more touchdowns on the ground while gaining 269 rushing yards on 43 carries.
Several other awards were handed out at the ceremony Saturday, as follows.
AP Offensive Player of the Year:
AP Defensive Player of the Year:
AP Offensive Rookie of the Year:
AP Defensive Rookie of the Year:
AP Comeback Player of the Year:
AP Coach of the Year: Bruce Arians,
AP Assistant Coach of the Year: Todd Bowles, Cardinals
Walter Payton Man of Year:
Art Rooney Sportsmanship Award:
Salute to Service Award:
NFL.com Fantasy Player of the Year:
FedEx Air Player of the Year: Aaron Rodgers, Packers
FedEx Ground Player of the Year: Le'Veon Bell, Steelers
Deacon Jones Award:
Greatness on the Road Award:
Bridgestone Performance Play of the Year: Odell Beckham one-handed catch
Don Shula High School Coach of the Year: Bruce Larson, Somerset (Wisconsin) High School
In addition, eight finalists were voted into the Hall of Fame: running back Jerome Bettis, wide receiver Tim Brown, defensive end/linebacker Charles Haley, linebacker Junior Seau, guard Will Shields, center Mick Tingelhoff and executives Bill Polian and Ron Wolf.
“I lost two and a half years to injuries, but I also feel I gained two and a half years," said Davis, who underwent two reconstructive ACL surgeries on the same knee. "This was my 10th year and I’m going on year 11, and I still feel I have a lot of football left in me.’’
Davis has one year left on his contract, and he hopes to sign one more contract after that. Davis made 100 tackles this season after recording a team-high 123 in 2013.
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