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Record extension for Packers, Aaron Rodgers could reach $180M total
GREEN BAY, Wis. -- Aaron Rodgers has signed an extension with the Green Bay Packers, general manager Brian Gutekunst announced Wednesday. The record-breaking four-year, $134 million extension could be worth up to $180 million in total money, a source told ESPN's Adam Schefter.
Rodgers, who will be 40 years old when the deal expires after the 2023 season, praised the Packers on Instagram for an "amazing ride" late Wednesday afternoon.
The extension includes nearly $103 million total in guarantees, another record amount, and has an annual average value of $33.5 million, according to Schefter.
The total maximum value of the deal is between $176 million and $180 million, based on $4 million in incentives tied to helping the Packers make the playoffs and finishing top three in quarterback rating, the source told Schefter.
An important feature of the deal for Rodgers was the cash flow in the first year, according to Schefter. Rodgers will receive $67 million by the end of the 2018 calendar year and an additional $13 million before March 17, 2019, according to Schefter.
When Rodgers signed his last contract -- a five-year, $110 million extension that included a $35 million signing bonus and a total of $54 million guaranteed -- he was at the top of the scale at $22 million per year. He surpassed Baltimore Ravens quarterback Joe Flacco, who at $20.1 million per season had been the highest paid player in the NFL.
Before this latest deal, he had slipped to ninth. He had two seasons left on that contract and was scheduled to make $20.9 million this season and $21.1 million in 2019.
Rodgers, 34, has said he would like to follow Patriots quarterback Tom Brady and play into his 40s. Rodgers is entering his 14th NFL season, but it's only his 11th as a starter after he sat behind Brett Favre for three seasons.
Rodgers has sustained two major injuries in the past five seasons -- a broken left clavicle in 2013 and a broken right clavicle last season. After the first one, he came back the next season and won his second NFL MVP.
Rodgers, who will be 40 years old when the deal expires after the 2023 season, praised the Packers on Instagram for an "amazing ride" late Wednesday afternoon.
The extension includes nearly $103 million total in guarantees, another record amount, and has an annual average value of $33.5 million, according to Schefter.
The total maximum value of the deal is between $176 million and $180 million, based on $4 million in incentives tied to helping the Packers make the playoffs and finishing top three in quarterback rating, the source told Schefter.
An important feature of the deal for Rodgers was the cash flow in the first year, according to Schefter. Rodgers will receive $67 million by the end of the 2018 calendar year and an additional $13 million before March 17, 2019, according to Schefter.
When Rodgers signed his last contract -- a five-year, $110 million extension that included a $35 million signing bonus and a total of $54 million guaranteed -- he was at the top of the scale at $22 million per year. He surpassed Baltimore Ravens quarterback Joe Flacco, who at $20.1 million per season had been the highest paid player in the NFL.
Before this latest deal, he had slipped to ninth. He had two seasons left on that contract and was scheduled to make $20.9 million this season and $21.1 million in 2019.
Rodgers, 34, has said he would like to follow Patriots quarterback Tom Brady and play into his 40s. Rodgers is entering his 14th NFL season, but it's only his 11th as a starter after he sat behind Brett Favre for three seasons.
Rodgers has sustained two major injuries in the past five seasons -- a broken left clavicle in 2013 and a broken right clavicle last season. After the first one, he came back the next season and won his second NFL MVP.