Terms of the deal were not announced Tuesday.
Gano was set to become an unrestricted free agent and the team had considered using the franchise tag on him.
The 30-year-old Gano is coming off his best NFL season, converting all 29 field goals from inside of 50 yards and 29 of 30 overall. He made 34 of 37 extra points.
Gano also set a franchise record and tied the NFL postseason record with his 58-yard field goal in a Wild Card playoff loss at New Orleans.
He led the NFL with a touchback percentage (85.4), belting a franchise-record 70 of his kickoffs into the end zone.
He's spent the last six seasons in Carolina.
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