GREEN BAY – Green Bay Packers quarterback Aaron Rodgers’ salary-cap number has been reduced to $28 million as part of a new contract extension.
Rodgers’ cap number had been $46 million, so his new deal saves the Packers around $18 million on their salary cap.
The Packers now just have to trim about $4 million more to get under the cap after the signing of linebacker De’Vondre Campbell and the Rodgers restructure.
ESPN reported the contract is for three years plus two voidable years for salary-cap purposes in 2025 and ’26.
According to NFL Network, Rodgers will be paid $150.6 million guaranteed on his deal. He’ll earn $74.5 million in the first new year and $62 million average through the second new year.
Rodgers reportedly will receive $42 million in 2022, $59.515 million in 2023 and $49.3 million in 2024, and the first two are fully guaranteed at signing.
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The Packers’ cap goes down from $46 million. There are option years, which could trigger money if Rodgers chooses to play that particular year.
According to NFL Network, these are Rodgers’ cap numbers the next three years:
2022: $28.5 million (down from $46.7 million)
2023: $31.6 million (up from $7.7 million on a previously voidable year)
2024: $40.7 million
One downside of the deal for the Packers, per NFL Network: If Rodgers retires or the team decides to move on after the 2023 season, they would be saddled with a $68.205 million dead money hit in 2024.
One source put the dead money cap hit for the end of the contract at around $75 million.
More details to come.
Kassidy Hill of the Milwaukee Journal Sentinel contributed.
