Packers offer restructured deal to Pro Bowl CB 

Earlier this offseason, signs pointed to a parting of ways between team and player in this case. A trade was discussed in advance of free agency and the draft, but no agreement was reached with an interested team. Uncertainty continues to surround this situation, with the Packers interested in retaining Alexander but only at a reduced rate. Earlier this month, it was reported he would remain away from the team until a resolution – in whatever form that took – emerged.

That stance would only open the door to fines if it continued into mandatory minicamp in June. Per Schneidman, Alexander does plan to attend in advance of minicamp even if his future is still unclear at this point. With no arrangement coming about in the wake of the restructure offer, all options remain on the table at least for now. If the mutual interest in continuing this relationship cannot lead to a financial agreement, a trade or release will again come into play. The 28-year-old’s preference would be the latter move, as it would allow him to join his next team via free agency.

When healthy, Alexander has remained one of the league’s top corners during his career. The former first-rounder was limited to only four games in 2021, however, and during each of the past two campaigns he has made seven regular season appearances. That lack of availability makes his scheduled cap hits of $24.64MM in 2025 and $27.02MM in ’26 cumbersome for the Packers. A restructure would no doubt consist of reduced salaries aimed at lowering Alexander’s cap charges while also providing him with a new round of guarantees (since none of his remaining base compensation is locked in).

Releasing or trading Alexander after June 1 would be beneficial from Green Bay’s perspective in terms of its financial impacts, and the chance of that taking place will of course remain until this situation becomes clear. As today’s update illustrates, though, the Packers still intend to keep him in the fold for at least one more year.