Aaron Rodgers wanted to get paid. And the Green Bay Packers sure did deliver.
Last week, it was reported that the Packers were handing their MVP quarterback a massive four-year, $200-million deal.
As it turns out, that report wasn’t completely accurate. Even Aaron Rodgers came out to refute the initial reports of his mega $200-million deal, claiming the terms that were being reported were “inaccurate.”
It turns out that Rodgers wasn’t lying, as the exact details of his contract extension have emerged. And while they initial reports may not have been correct, they weren’t that far off from what the Packers quarterback will actually be making over the next few seasons in Lambeau.
According to ESPN’s Adam Schefter, Rodgers signed a new three-year, $150-million deal. However, that deal includes his already agreed upon salary for the 2022 season, which actually makes this a whopping two-years, $124-million extension.
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According to the report, Rodgers is set to make $41-million in 2022, $59-million in 2023, and $49-million in 2024. They also note that the contract will pay Rodgers in the form of option bonuses in 2023 and 2024, allowing the team to defer salary cap hits to later years, when the cap is expected to increase.
Via ESPN:
The reigning two-time league MVP will make just under $41 million in 2022, $59 million in 2023 and $49 million in 2024.
Due to the allocation of bonus money in the first year of the deal, the Packers will actually save close to $18 million against their salary cap for 2022.
The Packers will pay Rodgers primarily in the form of option bonuses in 2023 ($58.3 million) and 2024 ($47 million), allowing the team to defer salary-cap hits into later years, when the overall cap number is expected to increase.
Here’s a breakdown of Rodgers’ cap hit over the next three seasons:
The good news for the Packers is they’ll actually save nearly $18-million against the cap this season thanks to Rodgers’ new deal. Perhaps now they can go out and use that money to pay Davante Adams and get their quarterback a legitimate number two wideout.
