The Green Bay Packers have identified their future franchise quarterback in Jordan Love, signaling their intention to compensate him accordingly during the upcoming offseason.
General Manager Gutekunst expressed confidence in pursuing a long-term contract for Love, emphasizing the importance of stability for the team. He praised Love and his representatives, indicating plans to commence negotiations within the next few months.
According to Michael Ginnitti of Spotrac, Love’s prospective contract could reach $200 million over four years, averaging $50 million annually. This potential agreement would exceed the previous record contract in Packers history, held by Aaron Rodgers, totaling $150.8 million over three years, awarded in March 2022.
Ginnitti’s projection highlights Love’s exceptional performance in 2023, suggesting that his one-year $11 million contract for the 2024 season is insufficient. The estimated extension includes a $50 million signing bonus and $87.5 million fully guaranteed at signing, with significant roster bonuses enhancing practical guarantees for subsequent years.
In May 2023, the Packers opted for a one-year $13.5 million deal with Love, with incentives potentially amounting to $22.5 million, instead of exercising the fifth-year option in his rookie contract. This decision allowed Love to demonstrate his capabilities while affording the team flexibility in case he didn’t meet expectations.
Fortunately, Love’s performance in the latter part of the 2023 season provided clarity for the Packers. With impressive regular-season statistics, including over 4,000 passing yards and 32 touchdown passes, Love solidified his position as the team’s long-term quarterback solution.
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