In 2023, the Green Bay Packers and Jordan Love agreed to a one-year extension on May 3. The situation is totally different now, after Love proved on the field in his first season as a full-time starter that he is the future of the franchise.
But that extension still impacts both parties. First, because it gave the Packers flexibility to negotiate under a positive deal in 2024 — not like the New York Giants, who were forced to give Daniel Jones a bad contract to avoid a franchise tag scenario. But also because a new extension can't happen before the old deal completes 12 months.
According to ESPN's Jeremy Fowler, that's just what the Packers are waiting for. Once the contract can get done, it probably will.
"The Packers are committed to getting something done with Love. He got the proof of concept last year with the big season, so they believe he's their future," Fowler said during SportsCenter on Sunday. "This could heat up after the draft. He's due to make around $10 million next year. Signed a one-year bridge deal last offseason; should be a lot bigger, putting him somewhere probably in the top-10 highest-paid passers."
Value
The idea of paying Jordan Love top 10 money is basically obvious at this point. Right now, the 10th highest paid quarterback in yearly average is Dak Prescott, who's getting $40 million per season.
Recently, A to Z Sports had a piece talking with contract specialists, projecting that Love will get at least $44 million per year, and it might go up to as high as $52 million.
Fowler's report is more relevant because he talks about the timeline. Negotiations might still already happen, but the idea of that heating up after the draft makes total sense considering when it can get officially done.
Jordan Love is slated to make $11 million in 2024, part of the extension he signed last season. He is counting $12.757 million against the salary cap, and there is also $5.273 million in dead money projected for 2025. However, when the new deal gets signed, this dead money will keep prorated — $1.757 million a year from 2025 to 2027.
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