Contractually speaking, it is difficult to find a direct comp to Jordan Love‘s climb. The Packers did extend Aaron Rodgers midway through his first season as a starter, but the team did not need to give its Brett Favre successor a contract that checked in first or even second in terms of average annual value in 2008. They did reach the NFL’s AAV ceiling for Love, and the Rodgers replacement’s four-year, $220MM extension — which the parties finalized Friday night — is now official.

While Joe Burrow and Trevor Lawrence are tied to $55MM-per-year deals like Love now is, the Bengals and Jaguars QBs are on five-year contracts. Negotiating in a contract year — whereas Burrow, Lawrence and Justin Herbert had two years left on their rookie deals — Love managed the $55MM AAV over a four-year contract, topping where the Dolphins went for Tua Tagovailoa earlier Friday. After contract structure was believed to loom as this negotiation’s final hurdle, Love secured favorable terms and will return to practice after a brief hold-in.

The Packers guaranteed Love $100.8MM at signing, with Pro Football Talk’s Mike Florio noting the practical guarantee in this contract is $140.3MM. Against guarantees beyond Year 1 for non-quarterbacks, the Packers guaranteed Love’s 2025 base salary ($11.9MM) and part of his 2026 base ($49.9MM). The team guaranteed $10.9MM of that 2026 figure at signing, with the rest of that money shifting from an injury guarantee to a full guarantee in March 2025. Love will be a Packer by that March date, raising the practical guarantee to that $140.3MM point.

This contract does include a record-setting signing bonus of $75MM. Love will see that money in three 2024 installments, collecting the bonus — which will be used to spread out the QB’s cap hits — by December, Florio adds. The Packers are also using a rolling guarantee structure for Love’s 2027 payout. Of Love’s $41.9MM 2027 base salary, $20MM is guaranteed for injury at signing and becomes fully guaranteed on Day 5 of the 2026 league year.

Further spreading out Love’s cap hits, Florio indicates $39.5MM of Love’s 2026 base salary and $31.5MM of his 2027 base will convert to option bonuses in those years. After just two seasons, Love’s full guarantee balloons to $160.3MM. If the Packers cut Love in 2027, Florio adds the $20MM injury guarantee includes offset language.

Addressing the contract Saturday morning, Matt LaFleur said (via the Green Bay Press-Gazette’s Ryan Wood) it is difficult to argue anyone outplayed Love during last season’s second half. Love indeed led the NFL in QBR from Weeks 11-18, throwing 18 touchdown passes and one interception in that span. This continued with a dominant outing in a wild-card upset win in Dallas. For the full season, Love ranked ninth in QBR.

Taking considerable heat upon trading up for Love in 2020 — a decision that indeed deprived the last wave of Rodgers-era teams of a first-rounder who would help Super Bowl-contending squads — the Packers are making a seismic bet last season’s second half will lead to another run of stability at the QB position. They have enjoyed an unparalleled run, of course, at this position, as Favre lasted 16 seasons and Rodgers 15 as the team’s starter.

LaFleur said (via SI.com’s Bill Huber) he became comfortable with Love replacing Rodgers after the 2022 season due to how the 2020 draftee played during the preseason and on Green Bay’s scout team during the regular season. This led to a separation that involved two second-round picks coming back to Green Bay in last year’s Rodgers trade.

The outlier organization when it comes to quarterback development, the Packers are again betting on a season’s worth of starts will be indicative of long-term success. The Ted Thompson regime was certainly right on Rodgers, who was considered a higher-level prospect compared to Love. By parking Love for three seasons, the team missed out on the chance to build around Love’s rookie-scale contract and now will go from carrying a $40.3MM Rodgers dead money hit in 2023 to rostering a record-setting Love deal in 2024. Gutekunst acknowledged this contract will create cap challenges, via Huber, but noted he would rather be in that boat than lacking a good quarterback.

Both Love and Tagovailoa benefited from their teams waiting until Year 5 to complete extensions, as each secured four-year terms to move them into position for lucrative third contracts earlier. This NFL period has generally featured franchise-level first-round QBs being extended in Year 4, giving teams an extra year of control. Because of Tagovailoa’s injury issues and uneven career start, the Dolphins waited. The Packers reached a half-measure extension (two years, $13.5MM) with Love last year, rather than exercise a fifth-year option on a QB who had barely played. Less than 18 months later, the Utah State product required a record-setting contract, illustrating the leverage quality quarterbacks — even those without extensive sample sizes — possess in today’s game.

Jordan Love is present at training camp but not taking part in practices as he and the Packers continue to negotiate a new deal. Nothing is in place at this point, but things appear to be headed in the right direction.

Progress is being made toward a deal being finalized, Dianna Russini of The Athletic reports. Both team and player in this situation expressed a willingness to have an agreement in place before the start of training camp. Likewise, general manager Brian Gutekunst confirmed earlier this week his confidence that talks will get over the finish line in the near future. Pro Football Talk’s Mike Florio also notes a deal is “pretty close” as of Thursday morning.

The one-year starter has long been expected to join the $50MM-per-year club on his next contract, one which will take the place of the band-aid deal signed last offseason. That pact replaced his fifth-year option, a move which allowed Green Bay to evaluate Love’s candidacy for a lucrative commitment as Aaron Rodgers‘ successor. After an inconsistent start to the campaign, the 2020 first-rounder delivered strong statistical showings through the divisional round of the playoffs.

Expectations are therefore high moving forward for Love as he prepares to guide a Packers offense featuring a young pass-catching corps and multiple offensive line starters attached to their rookie contracts. As things stand, running back Josh Jacobs is the only skill-position player signed to a big-money deal, but that will change once Love’s deal is in place.

The value of the latter’s pact is thought to be the largest sticking point in negotiations. Issues such as length and guarantees are important as well in any QB mega-deal, but the ones signed over the past two years will provide Green Bay with a number of blueprints to follow. Getting Love back on the field as soon as possible is, of course, another motivating factor for team and player to come to an agreement. The wait on that front may end in the near future.

Jordan Love and the Packers have yet to reach agreement on an extension. To little surprise, the ascending quarterback will not take part in training camp practices before a deal is in hand.

Love’s camp informed Packers general manager Brian Gutekunst on Sunday that he would not take the field until an extension agreement is reached (h/t Jason Wilde of the Wisconsin State Journal). Love will engage in a hold-in by attending camp and choosing not to take part in drills. The increasingly common strategy avoids fines being incurred, something which is the case for holdouts.

“I think so, but you never know,” Gutekunst said (via Wilde) when asked if a deal could be finalized in the near future. “We’re working really hard to get that done. It’s really important for us.”

Dianna Russini of The Athletic confirms both parties remain confident an agreement will be worked out shortly. Finances (as opposed to factors such as guarantees, term and cashflow) are believed to be the biggest remaining issue in this case as the Packers weigh the risks of a Love investment after less than one strong season of production against the cost of waiting for him to up his value further. When speaking publicly on Monday, Gutekunst noted (via Ryan Wood of the Green Bay Press-Gazette) the cap implications of a mega-deal is the primary cause in the ongoing delay.

Teams with major QB commitments on the books are indeed forced to make a number of important decisions at other positions. The Packers will still have a cost-effective offense at the receiver and tight end positions given their recent draft additions even when Love (due $10.5MM in salary this year) signs his next pact, but remaining flexible beyond 2024 is a major consideration on the team’s part. Nevertheless, Gutekunst’s remarks point to Love being the next signal-caller to land a lucrative new deal.

The 2020 first-rounder has long been expected to land an AAV above $50MM despite only taking over as starter at the start of last season. His strong finish to the campaign has put him firmly in Green Bay’s long-term plans, and both team and player remained hopeful an agreement would be in place before today. That has not proven to be the case, but Love remaining sidelined for practices could provide further incentive to get a deal over the finish line.

A trio of quarterbacks – Dak Prescott, Tua Tagovailoa and Jordan Love – are on track to see their respective teams’ training camps open without an extension in hand. In the latter case, a decision on Green Bay’s part may drive the next development on the negotiating front.

Mike Florio of Pro Football Talk reports in an update on where things currently stand between Love and the Packers that the ball is believed to be “in the team’s court.” Quarterback mega-deals take time to put together, and this case is a unique one given Love’s lack of playing time before 2023. His age (25) and play down the stretch and in the playoff last year has him in line for a contract near the top of the QB pecking order, though.

For much of the offseason, signs have pointed to Love joining the $50MM-per-year club. The 2020 first-rounder has a thinner resume than the other passers who occupy the top of the market, but he has received the backing of Green Bay’s front office regarding a long-term commitment. One year remains on Love’s pact, and he is due a base salary of $10.5MM in 2024 unless an agreement is worked out over the coming weeks.

Both team and player have expressed a desire to finalize an extension before training camp, a deadline which is fast approaching. Green Bay’s first practice is scheduled for Monday, and the lack of a deal could lead to Love attempting a hold-in (the approach by which players attend camp to avoid fines but do not participate). Florio notes that money – as opposed to structure – appears to be the primary “sticking point” with respect to negotiations.

Matters of length, guarantees and cashflow are key in any extensions, particularly QB contracts. Overall value is also a key element as it pertains to Love, though, given his inexperience prior to taking on the role of Aaron Rodgers‘ successor. Joe Burrow topped the market with an AAV of $55MM last offseason, a figure which Trevor Lawrence matched this spring.

Jared Goff, Justin Herbert, Lamar Jackson and Jalen Hurts are attached to deals worth between $51MM and $53MM per year. It will be interesting to see if Love joins their company in the near future, something which could also be driven to an degree by developments on the Prescott and Tagovailoa fronts. Green Bay’s next move (and the impact it has on negotiations) will be worth watching closely.

With the Trevor Lawrence deal in place, the likes of Dak Prescott, Tua Tagovailoa and Jordan Love have another benchmark to use in their own negotiations. The latter could be in line to benefit from Jacksonville’s investment despite his limited resume.

The Jaguars inked Lawrence to a five-year, $275MM extension; that term and overall value matches Joe Burrow‘s market-topping deal signed last offseason. Lawrence has had an up-and-down tenure through three years in the league, and the fact he was nevertheless able to land a massive commitment bodes well for ascending signal-callers like Love. After one year as the Packers’ starter, he is in line for a long-term deal of his own.

Both team and player in Love’s case are hoping to work out an agreement before training camp opens next month. One year remains on the band-aid deal the 2020 first-rounder signed last offseason to replace his fifth-year option. He is due $11MM in 2024, but a new accord will be far more lucrative. During an appearance on ESPN Milwaukee Radio, Adam Schefter said he does not anticipate Love will take a deal worth less than Lawrence’s.

Six quarterbacks currently average more than $50MM on their contracts, and indications from last month pointed to Love joining that group despite his inexperience and underwhelming production to start the 2023 season. Improvement in the second half of the campaign helped the 25-year-old lead Green Bay to the divisional round of the postseason and demonstrate an ability to succeed with the team’s young (and cost-controlled) group of pass-catchers. One of the NFL’s most lucrative contracts could soon be coming his way as a result.

Lawrence’s Jags extension includes $200MM in total guarantees and $142MM locked in at signing. The commitments (in terms of up front compensation) go deep into the pact, and it could represent a blueprint for similar agreements this summer. Green Bay has made it clear Love is positioned to serve as the team’s next franchise passer like Brett Favre and Aaron Rodgers before him, but the surging QB market could complicate negotiations if the Packers are not willing to surpass the $55MM AAV mark.

Of course, extensions for the likes of Prescott and Tagovailoa could provide further clarity on where the market is headed. In any event, Love’s bargaining power has been strengthened by the Lawrence deal, and it will be interesting to see if he tries to reach the top of the quarterback pecking order as talks with the Packers continue.