Baker Mayfield traded: Browns deal QB to Panthers

According to Ian Rapoport and Tom Pelissero of the NFL Network, the Cleveland Browns have traded their quarterback to the Carolina Panthers. The trade is pending a physical.

The Browns will reportedly receive a conditional fifth-round pick in return.

Rapoport reported that the "parties split the financials" to make the deal happen. Mayfield, 27, is set to make nearly $19 million next season in the final year of his four-year, $32.6 million contract.

The No. 1 overall pick in the 2018 draft, Mayfield has completed 61.6% of his passes for 14,125 yards, 92 touchdowns and 56 interceptions across four NFL seasons.

This is a developing story.