Report: Rodgers signs 4-year extension with Pack, over $150M guaranteed

GREEN BAY, Wis. — A week after announcing his return to Green Bay, we are getting the details on Aaron Rodgers’ new contract.

According to NFL Network’s Ian Rapoport, Rodgers signed a 4-year extension, albeit a complicated one.

The contract is a 4-year extension, a complicated one, with two dummy years — placeholders — on the back end. It lowers his cap number and gives GB plenty of room to work. https://t.co/VlnbubjPnw

— Ian Rapoport (@RapSheet) March 15, 2022

The deal guarantees the star quarterback over $150 million, including $42 million in 2022, according to NFL Network’s Tom Pelissero.

On first read of #Packers QB Aaron Rodgers’ new contract, he gets:

$42 million in 2022
$59.515M in 2023
$49.3M in 2024

So that’s $150.815M over the next three years, and the first two are fully guaranteed at signing.

— Tom Pelissero (@TomPelissero) March 15, 2022

Rodgers’ new contract lowers his cap number from $46 million to $28 million. That gives the Packers a chance to negotiate better contracts for players like Davante Adams, however, the Packers still need work to get under the NFL’s salary cap.

Still processing, but initial math says Aaron Rodgers’ deal saves Green Bay about $18 million on the 2022 salary cap.

Reminder: There is no cap magic, so this mean big numbers are pushed into the future and would hit if/when Rodgers retires. https://t.co/GBlYxn3eds

— Tom Pelissero (@TomPelissero) March 15, 2022

The deadline for teams to get under the cap is Wednesday, the start of the new league year.

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