According to reports from NFL Network’s Ian Rapoport and Tom Pelissero, Aaron Rodgers’ recent contract extension with the Green Bay Packers has been officially signed, as confirmed by sources familiar with the situation. The team has also verified the signing.
Upon Rodgers’ decision to return to the Packers last week, it was accompanied by a new four-year contract extension, positioning the back-to-back MVP as the highest-paid player in the NFL on an annual basis.
After negotiations with the Packers over the past week to finalize the terms, Rodgers is now set to earn an average of $50 million per year over the first three years of the contract. Rapoport mentioned that the agreement includes two placeholders at the end of the contract for salary cap purposes, which may be revisited later.
Packers general manager Brian Gutekunst expressed satisfaction with the agreement, stating, “We are delighted to have reached an agreement with Aaron that ensures his presence in Green Bay. His outstanding performance on the field and leadership in our locker room continue to be crucial in our pursuit of another Super Bowl title. This agreement also allows us to maintain and strengthen our already highly competitive roster.”
Rodgers, initially slated to receive a base salary of $26.47 million in 2022 with a salary cap figure of $46.664 million, will now receive an increased salary for this season while the cap figure decreases.
As per Pelissero’s report, Rodgers is scheduled to earn $42 million in 2022, $59.515 million in 2023, and $49.3 million in 2024, totaling $150.815 million over the first three years.
After this initial period, Rodgers may retire at the age of 41, or the Packers could consider renegotiating the contract.
The revised agreement notably reduces Rodgers’ cap hit in 2022 to $28.5 million, which is approximately $18 million lower than the original figure. This adjustment provides the Packers with the necessary salary cap space to remain competitive for a Super Bowl run.
