Cornerback Josh Norman signs with Redskins

WASHINGTON - After having the franchise tag surprisingly rescinded by the Carolina Panthers earlier this week, star cornerback Josh Norman has found a new home with the Washington Redskins.

The team announced Norman's signing Friday night. According to Ian Rapoport of NFL Network, Norman's deal is a 5-year, $75 million contract making him the highest paid cornerback in the NFL. The contract contains $50 million in guaranteed money.

Norman was a breakout performer in his fourth NFL season, helping the Panthers reach the Super Bowl last season. He intercepted four passes, taking two of them back for touchdowns, while forcing three fumbles and 19 passes defended.

The 28-year-old made his first Pro Bowl in 2015 while also being named first-team All-Pro. According to ProFootballFocus.com, Norman allowed a passer rating of 54.0 to opposing quarterbacks last season, the best among all cornerbacks in the NFL.

The Redskins intercepted only 11 passes last season, tied for 21st in the NFL.

Norman will get to face his former teammates on Dec. 19 as the Redskins will host the Panthers on Monday Night Football.