According to sources, NFL Network's Ian Rapoport and Tom Pelissero claimed Tuesday that Rodgers' agreement is signed. After signing, the team announced.
Last Thursday, Rodgers returned to Green Bay with a four-year deal that would make him the NFL's highest-paid player per year.
After a week of negotiations with the Packers, Rodgers will earn $50 million per year for the first three years.
His skills on the field and locker room leadership remain important in our quest of another Super Bowl win. The arrangement lets us keep and improve our competitive roster."
In 2022, Rodgers had a base salary of $26.47 million and a salary-cap figure of $46.664 million. The new agreement raises his income this season and lowers the cap number.
Pelissero reports that the Packers' quarterback will make $42 million in 2022, $59.515 million in 2023, and $49.3 million in 2024, totaling $150.815 million.
After three years, Rodgers could retire at 41 or the Packers might renegotiate.
The revised agreement decreases Rodgers' salary charge in 2022 to $28.5 million, $18 million less than expected, giving the Packers budget flexibility to remain Super Bowl contenders.
Rodgers, Preston Smith, Za'Darius Smith, and Billy Turner were released by Green Bay. Changes freed $45 million in cap space.
Green Bay could only offer the back-to-back MVP a raise while keeping the NFC North winners' squad substantially intact by deferring Rodgers' hefty salary hits.