Packers WR Randall Cobb reworks contract

Specifically, Cobb and the Packers converted $4.075M of the player’s $5.25M salary into a signing bonus. The team also added a 2023 void year to the contract, thus dropping Cobb’s 2021 cap hit to $2.68M. While this move will provide the organization with some much-needed breathing room this season, it will also exasperate the team’s future cap concerns.

Earlier this week, Cobb was traded back to Green Bay, where he previously played eight seasons for the Packers. Green Bay gave up a 2022 sixth-round pick to the Texans, and Houston also picked up $3M of Cobb’s salary in 2021 (providing the organization with even more financial relief). Cobb is currently playing on a three-year, $27M deal that he inked with Houston.

The trade came at the request/demand of MVP Aaron Rodgers, who agreed to return to the Packers earlier this week. Without Rodgers’ insistence, it’s unlikely that this trade would have ever materialized. Cobb never played for Matt LaFleur and third-round wide receiver Amari Rodgers was already ticketed for much of the team’s slot work. 

Still, Rodgers wanted his old pal back and the Packers weren’t about to say no to him, or Cobb’s wealth of experience. Now, Cobb will join Davante Adams, Marquez Valdes-Scantling, Allen Lazard, Devin Funchess, and the other A. Rodgers on the WR depth chart.