Packers, Aaron Rodgers Agree To Extension

The Packers and Aaron Rodgers have agreed to a record-breaking extension, according to ESPN.com’s Adam Schefter (on Twitter). Rodgers’ new pact is a four-year add-on is worth $134MM, according to former teammate James Jones (on Twitter). The deal includes $103MM in the first three years, $80MM delivered by March of next year, and the opportunity to earn even more via incentives. 

Rodgers has yet to ink the contract, but it is in the process of being finalized, according to Schefter. The deal should be formally completed before the start of the Packers’ season, which will be on Sept. 9 against the rival Bears.

Rodgers’ $33.5MM average annual value tops the $30MM AAV of Matt Ryan‘s extension with the Falcons and the $28.8MM AAV of Kirk Cousins‘ free agent deal with the Vikings, making him the league’s highest-paid player of all-time. After that, Jimmy Garoppolo ($27.5MM), Matthew Stafford ($27MM), and Derek Carr ($25MM) rank as the league’s highest-paid QBs.

Rodgers’ signing bonus of $57.5MM is the largest in NFL history, as Mike Garafolo of NFL.com tweets. And, with $4MM in escalators, he can reach a maximum value of $138MM over the course of the extension.

The six-time Pro Bowl selection and one-time Super Bowl champion is among the very best quarterbacks in the NFL today. In 2013, he signed a five-year, $110MM deal to become the NFL’s highest-paid player, but the market quickly advanced and Rodgers’ deal became one of the most team-friendly pacts in the NFL.

Before this latest deal, Rodgers was the ninth-highest paid player in the NFL with salaries of $20.9MM this season and $21.1MM in 2019. With the new contract, the Packers have restored him as the league’s financial kingpin.

Last year, Rodgers got off to a hot start before suffering a broken collarbone in Week 6. Although Rodgers missed significant time, he’s 100% healthy this year and poised to get back to his old form.

Since taking over as the starter for the Packers in 2008, Rodgers has thrown for 312 touchdowns (the second most in the NFL) and led the Packers to the playoffs in 8-of-10 seasons.

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