Aaron Rodgers signed a four-year, $134 million contract extension with the Packers on August 29, 2018. The contract includes $98.2 million in guarantees, including a signing bonus of $57.5 million. $78.7 million is fully guaranteed at signature. The contract details come from Joel Corry of CBS Sports, who was the first to have a full termination of the contract. According to Corry, Rodgers has roster bonuses in each of the first four years of the contract. The first two years of roster bonuses are fully guaranteed. The $19.5 million in 2020 is virtually guaranteed upon signature and will be officially fully guaranteed on the 3rd day of the waiver period in 2019. His roster bonus for 2022 is due on the 3rd day of the league year. There are $4 million in incentives related to playing time, performance and team success. Rodger`s salary cap fee in 2018 increased by $337,500 and its cap fee increased by $5.4 million in 2019 as part of the extension. Pelissero reported, according to a source familiar with the contract, that if Green Bay Rodgers trades before June 1, 2022, it would have about $26.8 million of dead money left at its cap. Former Cal Star Aaron Rodgers has signed his renegotiated contract with the Packers, ESPN`s Adam Schefter reported Thursday, according to sources.
“It`s hard for me because I`ve never seen it that way,” Packers general manager Brian Gutekunst said before this deal was finalized. Obviously, he still has three years left on his contract at the moment, so we certainly don`t consider him a lame duck. We can change that, but even at this point it won`t be a one-year contract. I`ve never seen it that way. As you know, in this area, everything is done from year to year. I never thought it was a lame duck situation with no player. According to ESPN`s Adam Schefter, there are a few main reasons why Rodgers would accept the modified contract. One of them is a condition that the team will “examine” Rodgers` situation after the upcoming season in the spring of 2022. However, this wording is particularly vague and gives no indication as to whether there is an explicit agreement to act accordingly, or simply that both parties will check after the year. Rodgers and Love`s contracts are not going well with the Packers. Rodgers, who is under contract through the 2023 season, is entering the first year of a four-year, $134 million contract extension he signed in 2018, with two years left on his current contract. The extension, worth up to $138 million through salary increases and incentives, made Rodgers the highest-paid player in the league with $33.5 million a year.
Rodgers` contract included $98.2 million in collateral, including a record NFL bonus of $57.5 million at the time. $78.7 million was fully secured at the time of signing. The urgency of playing Love may not be the most important factor in a breakup with Rodgers. The restructuring of the veteran quarterback`s contract has pushed his cap to $46.1 million per Spotrac.com in 2022. That would devour more than 20 percent of the team`s salary cap spot, and they`ll be $32.8 million above the salary cap per OverTheCap.com by 2022. In 2018, Rodgers signed a four-year, $134 million contract extension. The agreement included a signing bonus of $57.5 million and $78.7 million, which were fully guaranteed at signing. An additional $19.5 million was secured in 2019, totalling up to $98.2 million in guarantees. The ongoing discussions were important enough for general manager Brian Gutekunst to avoid talking about Rodgers` contract structure yesterday at his press briefing, as he said technically nothing was official yet. Today, Gutekunst ended his media presence by stating that Rodgers still had three years left on his contract.
Now Rodgers officially has two. Rodgers` contract is expected to bring him $14.7 million in base salary this season and $25 million each in 2022 and 2023. This move will likely turn at least part of Rodgers` base into a signing bonus and spread it over the coming years to give the team additional financial flexibility for 2021. Presumably, the Packers could get more for Rodgers than the conditional fourth-round pick of 2009, which became a third-round pick he received for Favre`s trade to the Jets in the 2008 preseason. Rodgers would be a good deal contractually, even though he would be 38 years old. He would still have two years left on his contract for an unsecured amount of $51 million, where he would earn $25.5 million in 2022 and 2023. Tom Brady, who turns 43 before the start of this season, has signed a fully guaranteed two-year, $50 million contract (worth up to $59 million through incentives) with the Buccaneers in free agency. With Aaron Rodgers and the Green Bay Packers agreeing on a revised contract, what`s the situation with his salary and future? He also said he was stunned to know why the Packers didn`t approach him shortly after his MVP season about a new contract that would not only reward him, but also help the team`s salary cap situation.
Before the 2021 season, the Packers and Rodgers have agreed on a new contract. Key highlights are that Rodgers` salary cap will decrease, the contract will expire seven days before the league`s 2023 year (one year earlier than expected), and the Packers will no longer be able to track the prorated portions of Rodgers` signing bonus if he decides to retire. .