It (finally) happened.
Packers quarterback Aaron Rodgers has reportedly agreed to a contract extension to make him the highest-paid player in NFL history. Former Packers wide receiver — and current NFL Network analyst — James Jones was the first to report the deal.
BREAKING 🚨 The #Packers and 2-Time MVP QB @AaronRodgers12 have agreed to terms on a 4-year extension worth $33.5 million in new money…plus incentives per year…He gets over $100 million in guarantees.
— James Jones (@89JonesNTAF) August 29, 2018
Rodgers had two years remaining on his deal, and the Packers would have had the option to use the franchise tag on Rodgers for two years after that. But now? They don’t have to.
To put the big-money contract into perspective, allow ESPN’s Darren Rovell to provide his commentary.
Packers will pay Aaron Rodgers the equivalent of $400,000 PER DAY for the next 200 days. https://t.co/VHQ7MGK90e
— Darren Rovell (@darrenrovell) August 29, 2018
ESPN’s Rob Demovsky has a great breakdown of the new contract.
The total maximum value of the deal is between $176 million and $180 million, based on $4 million in incentives tied to helping the Packers make the playoffs and finishing top three in quarterback rating, the source told Schefter.
An important feature of the deal for Rodgers was the cash flow in the first year, according to Schefter. Rodgers will receive $67 million by the end of the 2018 calendar year and an additional $13 million before March 17, 2019, according to Schefter.
No matter how you slice it … it’s a lot of money. And more importantly, Rodgers will be with the Packers until his age-40 season.
It’s a good day in Green Bay.
