The extension includes nearly $103 million total in guarantees, another record amount, and has an annual average value of $33.5 million, according to Schefter.
The total maximum value of the deal is between $176 million and $180 million, based on $4 million in incentives tied to helping the Packers make the playoffs and finishing top three in quarterback rating according to Adam Schefter.
Inking a deal worth $134 million over four years is a shocking amount of money. That’s 33.5 mil a season! Rodgers was scheduled to make $42 million over the final two years of his current deal, which was signed in 2013. He’ll get roughly $67 million by the end of 2018.
My question though would be, is this really necessary? Just like Odell in New York, how does this help improve the team? The Green Bay Packers have a number of players set to be unrestricted free agents in 2019 including Clay Matthews, Randall Cobb and new Packer Muhammad Wilkerson. How do they expect to afford all these players?
The salary cap keeps it from being the MLB where top teams like the Yankees and Dodgers sign players and absorb as many obscene salaries as possible. The NFL’s strict enforcement of its salary cap has rendered the league far more parity heavy than most other American sports leagues.
Apparently the Packers and Giants don’t understand that. Notice the modern day dynasty, New England Patriots. They won’t even put the greatest QB of all time on a contract like Green Bay has done. That’s because they understand it’s a collection of consistent and solid players that wins in this league. Tom Brady understands this as well. He could easily go somewhere else and be the highest paid player in the history of the NFL, but in order to win you have to sacrifice a bit of money to leave some for others so that you can get a collection of talent on the same team.
I don’t blame Rodgers or Odell. If someone’s willing to offer it, take it. Just don’t be surprised realize when your respective front offices can no longer afford your fellow pro bowl caliber teammates anymore. They will move teams, the teams talent will suffer and it will be because of the massive contracts they signed.