The Inexperienced Bay Packers and quarterback Jordan Love have reached an settlement on a four-year, $220 million contract extension, league sources mentioned Friday. The deal additionally features a document $75 million signing bonus and $155 million in new full ensures, per sources, making Love the highest-paid NFL quarterback.
Love’s new deal places him in step with Trevor Lawrence and Joe Burrow, all of whom are incomes $55 million per yr because the top-paid quarterbacks on an annual foundation. These figures are available above quarterbacks Tua Tagovailoa ($53.1 million per yr), Jared Goff ($53 million per yr), Justin Herbert ($52.5 million per yr) and Lamar Jackson ($52 million per yr).
The settlement additionally ends Love’s “hold-in” because the quarterback determined to skip follow till he acquired a brand new contract. Love reported to camp on time and can take part in different staff actions exterior of follow.
Love participated in all offseason actions even with out a new contract, however the quarterback’s illustration knowledgeable the Packers simply earlier than the beginning of coaching camp that he wouldn’t follow.
“I really feel we’re shut,” Packers GM Brian Gutekunst mentioned firstly of coaching camp.
GO DEEPER
Paying Jordan Love this a lot is a giant danger, which Packers are not any strangers to with QBs
Love, 25, was set to enter the ultimate yr of his contract and is coming off a breakout first season beginning through which he helped the Packers to a shock divisional-round playoff look. He threw for 4,159 yards, 32 touchdowns and 11 interceptions in 17 regular-season video games.
He now heads into his second season because the Packers starter after sitting 4 years behind present New York Jets quarterback Aaron Rodgers. The Packers and Love agreed on a one-year contract extension forward of final season that solely tied the quarterback to Inexperienced Bay via this coming yr. That extension was price as much as $22.5 million, together with $13.5 million totally assured.
Why Inexperienced Bay made this deal
The Packers shocked the NFL once they traded up within the 2020 first spherical to draft Love with 4 years remaining on Rodgers’ contract. Love bided his time for 3 years behind Rodgers and the lengthy sport paid off for him, Gutekunst and the group that stored religion of their new franchise quarterback.
The Packers are hoping Love can observe within the footsteps of Brett Favre and Rodgers and provides them three consecutive Corridor of Fame quarterbacks, although Love has a lot extra to perform to get there after a breakout first yr beginning through which he was arguably the NFL’s greatest quarterback the second half of the common season.
In his first three years within the NFL, Love solely began one sport, a Week 9 loss to the Chiefs in 2021 on quick discover after Rodgers examined optimistic for COVID-19. Love struggled underneath relentless stress from Kansas Metropolis because the Packers solely scored as soon as in a 13-7 loss, however Gutekunst was impressed with Love’s potential to persevere via adversity. Along with three years of watching Love behind the scenes and in follow, the Packers felt assured sufficient handy the reins of the offense over to an unproven 24-year-old.
Their choice paid off, and Inexperienced Bay appears to be like to have struck gold once more within the type of a participant now tied for the highest-paid participant in NFL historical past. — Matt Schneidman, Packers employees author
Required studying
(Picture: Patrick McDermott / Getty Photos)