GREEN BAY, WI (WSAU) — Aaron Rodgers may soon become the highest-paid player in NFL history, and Davante Adams will be back for at least one more season.
The Packers and their MVP Quarterback have reportedly agreed to a new four-year, $200 million deal with over $150 million in guaranteed money. Rodgers has confirmed the deal, but says terms are still being finalized.
Multiple insiders including NFL Network’s Ian Rapoport said the new deal will decrease Rodgers’ cap hit, allowing the Packers to spend money elsewhere on the roster. Green Bay has been restructuring contracts in hopes of freeing up cap space to allow the current core of their roster to remain intact- including Adams, who has received the franchise tag designation for the upcoming season.
The franchise tag works as a one-year deal with a salary equal to the average of the top-five highest-paid players at their position or gives them a 20% raise over last year’s salary- whichever is greater.
The tag is used to allow the team and the player more time to work out a long-term deal.
The #Packers and MVP QB Aaron Rodgers have agreed to terms on a 4-year, $200M deal that makes him the highest paid player in NFL history, sources say. He gets a whopping $153M guaranteed and his cap number goes down. A monstrous commitment by GB for years to come. 💰 💰 💰
— Ian Rapoport (@RapSheet) March 8, 2022
The #Packers have now officially franchise tagged WR Davante Adams, source said.
— Ian Rapoport (@RapSheet) March 8, 2022
Those reports came Tuesday morning. Rodgers confirmed his intention to stay with the Packers later in the day, but says terms of the deal are still being finalized:
Hey everyone, just wanted to clear some things up; YES I will be playing with the @packers next year, however, reports about me signing a contract are inaccurate, as are the supposed terms of the contract I “signed”. I’m very excited to be back 💪🏼 #year18❤️
— Aaron Rodgers (@AaronRodgers12) March 8, 2022
If the contract is indeed a four-year deal, it would carry the 38-year-old Rodgers into his 40’s and likely means that backup Jordan Love will remain in that role for at least another year.
Love is entering his third year, meaning the Packers will soon have to decide if they will pick up the fifth-year option in his rookie contract.
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