Aaron Rodgers

The recent compromise between the Packers and quarterback Aaron Rodgers included a decision to void the player’s contract for the 2023 season. NFL Network’s Tom Pelissero (via Twitter) provided some new details on the terms of that agreement.

The timing of the voided contract in 2023 makes Rodgers “untaggable after 2022,” meaning he’ll hit free agency after two more seasons in Green Bay. There’s no new money in the deal, and the reworked contract will provide the organization with an extra $10MM in cap space in 2021. If the organization trades him at some point before next June, they’d be left with a whopping $26.8MM in dead money.

Further, if Rodgers makes the unexpected decision to retire after this season, the Packers will no longer have the ability to take back $11.5MM in prorated signing bonus money. This was negotiated into the reworked contract, and it makes it much easier for the quarterback to simply walk about if he desires. As Mike Florio of ProFootballTalk.com notes, this also provides Rodgers with some leverage, as we could threaten retirement and see if the organization trades or releases him.

Finally, as Jonathan Jones of CBS Sports notes (on Twitter), the reworked contract all but assures that Rodgers won’t be in Green Bay in 2022. The reporter opines that “something truly momentous” would need to happen for the quarterback to stick around beyond the 2021 campaign.

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This week, Aaron Rodgers seemed to have worked out an exit strategy. However, according to Packers GM Brian Gutekunst, that’s not necessarily the case.

Speaking with reporters on Thursday, Gutekunst emphasized that Rodgers still has three years left on his deal. Although the two sides “may alter that,” the GM says it’s not a “one-year contract,” (Twitter link via SI.com’s Albert Breer).

That seems to contradict earlier word of the arrangement. Initially, it was believed that Rodgers’ 2023 was voided with a handshake agreement to “revisit” things next spring. Gutekunst seems willing to talk it out in 2022, but he’s also not committing to a divorce. In other words, Rodgers’ holdout is over, but the drama is here to stay.

“I felt like if you can’t commit to me past 2021 and I’m not part of your recruiting process in free agency, if I’m not a part of the future, then instead of letting me be a lame-duck quarterback, if you want to make a change and move forward, then go ahead and do it,” Rodgers said this week (via ESPN.com).

“I’m not a victim here,” he added. “I made a ton of money here, and I’ve been really fortunate to play a long time and to play here. At the same time I’m still competitive and I still feel like I can play, I proved it last year.”

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Aaron Rodgers is in the building. Hours after reaching agreement on a revised contract, Rodgers arrived for Tuesday morning’s practice in Green Bay (Twitter link via NFL.com’s Tom Pelissero). 

[RELATED: Rodgers Wants Packers To Sign Cobb]

Rodgers touched down in Wisconsin on Monday night. Now, it’s official — Rodgers’ holdout is over. The two sides reached an unexpected compromise that will include the voiding of Rodgers’ 2023 season. Next year, the two sides will revisit their situation, which should mean an extension for the reigning MVP or a parting of ways.

The new deal doesn’t come with any new money, which is consistent with what we’ve heard all along — Rodgers’ holdout was less about dollars and more about loyalty. Meanwhile, his 2021 has been restructured to give the Packers additional cap room. Some of that cash could go towards a reunion with longtime pal Randall Cobb.

So, for the time being, 2020 first-round pick Jordan Love will continue to hold the clipboard. Of course, that won’t stop the speculation as Rodgers begins his “Last Dance.”

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We heard earlier this week that the Packers offered Aaron Rodgers a two-year extension that would have made him the highest-paid player in NFL history. That report, from ESPN.com’s Adam Schefter, was light on details, and as our Zachary Links suggested at the time, it’s difficult to know exactly what kind of money Rodgers was really turning down.

Mike Florio of Pro Football Talk offers a little more context. While Florio does not know the details of the Packers’ reported offer, he does shed some light on what Rodgers is looking for. According to Florio’s sources, Rodgers wants $90MM in guaranteed money over a two-year period. The $45MM average annual value would put him on an even footing with the Chiefs’ Patrick Mahomes, but more importantly, Green Bay would have to structure the deal in such a way that it would have no choice but to keep Rodgers through at least 2022 and perhaps through 2023.

As it currently stands, Rodgers is signed through 2023, but the Packers could theoretically cut him next offseason and save $22.7MM against the cap. They’d be left with $17.2MM in dead money, but that wouldn’t cripple them cap-wise, especially since the cap is set to increase next year. Jordan Love, with multiple years to go on his original rookie deal, would be significantly cheaper.

Although it has been said at various points throughout this saga that Rodgers is not necessarily motivated by money, the money that he’s reportedly seeking would be one way to achieve his goal of leaving Green Bay when he’s ready to leave, and not when the Packers deem Love to be ready to take the reins.

Between Rodgers and Davante Adams, the Packers are dealing with a lot of disgruntled star power. That is not a good place for any team to be in on the cusp of training camp, but especially a team that has a roster capable of contending for a title.

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A big week for Packers news, coming in advance of Monday’s annual franchise shareholders meeting, naturally centers on Aaron Rodgers. The Packers report to training camp Tuesday, and nothing about the reigning MVP’s offseason points to him being on the field.

Rodgers has continued to train as if he will play in 2021, however. Packers left tackle David Bakhtiari shared a photo of he and Rodgers working out this week at Proactive Sports Performance in California (h/t Fox 6’s Lily Zhao). A Proactive Sports Performance representative also said, via ESPN’s Jeremy Fowler, that Rodgers is “working and he’s ready” for the season.

[RELATED: No Packers-Rodgers Resolution Expected Until Training Camp]

Rodgers’ desire not to play for the Packers again has become fairly clear. He missed OTAs for the first time in his career and skipped minicamp. The Packers, however, retain his rights and have budged from their stance against a trade. This staring contest is set to push into camp, and Las Vegas has made some interesting adjustments regarding the Packers and NFC North.

The Westgate SuperBook closed its NFC North betting, and two other Vegas sportsbooks revealed to SI.com’s Bill Huber the expectation is Rodgers will announce his retirement before the Packers report to camp. The 37-year-old quarterback was linked to retirement early in this impasse, and the move would remind of Carson Palmer‘s 2011 retirement — a move the then-31-year-old passer made to force the Bengals’ hand. That play ended up working, though Cincinnati kept Palmer in retirement until the trade deadline that October.

Any Rodgers trade package would surpass what the Bengals collected for Palmer — a 2012 first-round pick and a 2013 second-rounder — but the Packers have held firm for months here. So has Rodgers, who turned down a deal that would have (again) made him the NFL’s highest-paid player. Although it is not known how that proposed extension was to be structured, this standoff is not believed to be financially motivated.

The team is winding down its most turbulent offseason since at least 2008, with Davante Adams‘ ending extension talks this week adding to this drama. While Packers teammates believe Rodgers will be with them this season, per Pro Football Focus’ Doug Kyed, his holdout stands to intensify Tuesday.

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The Packers offered Aaron Rodgers a two-year extension that would have tied him to Green Bay for five more seasons (Twitter link via ESPN.com’s Adam Schefter). The deal would have made him the highest-paid player in the league, Schefter hears, but Rodgers declined. 

Of course, there are a million ways to measure contracts in the NFL — guarantees and cash flow are the things that really matter. That’s especially true when it comes to the Packers, who like to put the bulk of a player’s guarantees in the signing bonus.

For now, Rodgers is signed through 2023, but the Packers could theoretically cut him next offseason and save $22.7MM against the cap. They’d be left with $17.2MM in dead money, but that wouldn’t cripple them cap-wise, especially since the cap is set to increase next year. Jordan Love, with multiple years to go on his original rookie deal, would be significantly cheaper.

With training camp just one week away, it doesn’t sound like the Packers will have their MVP quarterback on the field. Rodgers, 37, continues to insist on a trade and a fresh start elsewhere. The Packers, meanwhile, have refused to budge.

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Aaron Rodgers has said little throughout what has easily been the most turbulent offseason of his NFL career, but the reigning MVP provided an indication of his timetable Saturday.

During the American Century Championship celebrity golf tournament, the Packers quarterback said he plans to “get back to working out and figure things out in a couple weeks” (h/t USA Today’s Ben Kenney). This cryptic comment is certainly not out of the ordinary from Rodgers, who has played it close to the vest throughout this process — which turned into a holdout when he skipped Green Bay’s mandatory minicamp last month. The Packers, however, are set to open training camp in just more than two weeks (July 27).

Rodgers’ comment follows a report that indicated this stalemate was not on track to be resolved until at least training camp. While Rodgers’ loose timeline lines up with Packers camp, his holdout is not believed to be about money. He will face fines of $50,000 for each camp day missed. The 37-year-old superstar has long been entrenched in his desire to leave the Packers, which has stemmed from an issue with team management.

Packers GM Brian Gutekunst has been resolute against trading Rodgers, and ESPN.com’s Jeremy Fowler noted recently the trade market for the 16-year veteran is nonexistent (Twitter link). This does not mean no interest has spawned, as the Broncos have been linked to the future Hall of Famer since his desire to leave Green Bay emerged in late April, but that the Packers have not given any indication a trade is realistic.

In addition to skipping the Packers’ offseason program, Rodgers has not linked up with Green Bay pass catchers on his own. That gave presumptive successor Jordan Love plenty of extra reps during OTAs and minicamp. The 2020 first-round pick, whose arrival began this turmoil between Rodgers and the Packers, took roughly 90% of the team’s offseason team reps.

It will be interesting if Rodgers reports to Packers camp, given the acrimony between he and Gutekunst and team president Mark Murphy. Gutekunst, Murphy and Matt LaFleur attempted to resolve this situation for months, prior to Rodgers’ exit hopes becoming public, but no solution came. The Packers have the leverage of holding Rodgers’ rights, while the three-time MVP can withhold his services and essentially drop the team off the Super Bowl contender radar. Either way, this saga will gain clarity later this month.

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