Green Bay (WBAY) – The Green Bay Packers and quarterback Aaron Rodgers have agreed to a four-year contract extension that would make the two-time MVP the highest paid player in the league, according to multiple reports.
Former Packer and current NFL Network analyst James Jones broke the news Wednesday afternoon on Twitter.
Jones reports that the deal is worth $33.5 million in “new money” and incentives. Jones reports that there are more than $100 million in guarantees.
ESPN’s Adam Schefter is reporting that the deal ultimately will be worth $176 million to $180 million.
“Big feature is cash flow: $67m before end of calendar, over $80m before St. Patrick’s Day next year, $103m practically guaranteed,” Schefter tweeted, citing a source.
This deal means Rodgers, 34, will likely finish his career in Green Bay. He has two years on his current contract. The extension will keep him in Green Bay through at least 2023.
Rodgers turns 40 on Dec. 2, 2023.
“Excited for Aaron,” James Jones tweeted. “He gets to focus on bringing the Lombardi Trophy back to Green Bay! #Respect”
NFL Network’s Ian Rapoport says Rodgers will get more than $80 million by March. “A huge first year payout for their star,” Rapoport says.
Rodgers and teammates are attending the annual Welcome Back Packers luncheon Wednesday.
Moments after signing the deal, Rodgers strolled into the luncheon dressed as Wyatt Earp. He always comes to the yearly event in costume.