NFL Network's Ian Rapoport and Tom Pelissero claimed Tuesday that Rodgers' new agreement is signed, according to sources. The club subsequently confirmed the deal.
Last week, Rodgers returned to Green Bay with a new four-year deal that would make him the NFL's highest-paid player.
Rodgers will earn $50 million per year for the first three years of the deal after a week of negotiations with the Packers. Rapoport noted that the agreement has two cap placeholders on the back end that may be redone.
Packers general manager Brian Gutekunst stated, "We are very pleased to be able to come to an agreement with Aaron that keeps him in Green Bay." "His play on the field and locker room leadership remain vital in our pursuit of another Super Bowl title.
Rodgers had a salary-cap number of $46.664 million and a basic salary of $26.47 million in 2022. This season's compensation increases while the cap amount decreases.
According to Pelissero, the Packers' quarterback will make $42 million in 2022, $59.515 million in 2023, and $49.3 million in 2024, totaling $150.815 million over three years
Rodgers may retire at 41 or the Packers could restructure the pact after three years. The revised agreement drastically lowers Rodgers' salary charge in 2022 to $28.5 million (about $18 million lower than projected), giving the Packers the financial room to remain Super Bowl contenders.
In the last day, the Packers have managed to get under the salary ceiling, allowing them to make free agency moves. Green Bay dismissed Za'Darius Smith and Billy Turner and extended Rodgers and Preston Smith, decreasing their cap numbers this season. The modifications freed $45 million.
Green Bay could only offer Rodgers a raise by deferring his significant cap hits to the future. When the cap rises, the Packers will worry about the cost.