Consider that, according to STATS LLC, Panthers receivers have dropped seven catchable passes, or 11.1 percent of catchable passes -- the fifth-worst percentage in the NFL. If those seven drops had been caught instead, Newton's completion rate would be a much more robust 63.6 percent on the season -- a career high. Plus, according to NFL's Next Gen Stats, the Panthers haven't had a wide receiver finish in the top 25 in terms of distance covered as a ball carrier in a single week this season, though Olsen did rank third in Week 2 and first in Week 3 in that category. Olsen aside, the Panthers' receivers are not running much after the catch -- meaning most of their yardage comes through the air, via Newton's proficiency as a passer, rather than via the catch-and-run plays you'd see in an offense featuring a less capable quarterback.
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This is a one-horse team. Stewart is a decent runner and Olsen is a good pass-catching tight end, but beyond that, the Panthers haven't given Newton much to work with. Carolina's defense is definitely an advantage, as illustrated by Josh Norman's penchant for making clutch interceptions, but the defense can't play quarterback. If it weren't for Newton, this team would struggle to put up 100 yards per game, and there's certainly little chance the Panthers would be undefeated. Tom Brady -- who has put up unreal numbers -- might give Newton a run for his money in terms of being the NFL's MVP through three weeks. But in my mind, Newton has been the more valuable player, especially when you take into account the high level of performance and the extreme dearth of supporting weapons.
Is Newton as good a passer as, say, Aaron Rodgers? No. But I think he's as good a runner as any quarterback in the NFL. When you combine that skill with Newton's improvements as a passer, he's going to be tough to stop. I think the Panthers are going to make the playoffs, and if Newton plays well throughout the season, I could see him building a legitimate case to be the NFL MVP. After all, that award should go to the guy who did the most to lift his team up -- and no one's being asked to do as much lifting as Newton.