Aaron Rodgers officially signs three-year, $150.8M extension

Rodgers will earn $150.815M over the next three years ($42M in ’22, $59.5M in ’23, $49.3M in ’24), with the next two years fully guaranteed (per NFL Network’s Tom Pelissero on Twitter). As NFL Network’s Ian Rapoport tweets, the expectation is that Rodgers would retire after that 2024 campaign. If he decides to continue playing, the final two years of the deal (stemming from the four-year extension, five years total) would need to be reworked.

As Mike Florio of ProFootballTalk.com notes, Rodgers will see $123.52M in “new money” on the extension, translating to a “new money average” of $61.7M (considering the additions of 2023 and 2024, coupled with the 2025 and 2026 dummy years). As Florio points out, that’s a significant jump from the previous-high of $45M per year.

Meanwhile, NFL Network’s Mike Garafolo tweeted out a helpful guide on how Rodgers’ extension will impact the Packers’ cap over the next three years:

• 2022: $28.5M cap number (down from $46.7M)
• 2023: $31.6M cap number (up from $7.7M on a previously voidable year)
• 2024: $40.7M cap number