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Here’s a paraphrased version of the contract details for Aaron Rodgers with the Jets:
In 2023, at the age of 40, Aaron Rodgers’ base salary is $1,838,888, with a cap number of $8,888,888, accounting for 3.9% of the cap. There’s no dead money or cap savings noted.
Moving to 2024, at age 41, Rodgers’ base salary increases to $3,161,112, with a cap number of $17,161,112, constituting 6.6% of the cap. The dead money is $66,161,112, with cap savings of ($49,000,000).
In 2025, aged 42, Rodgers’ base salary is $2,500,000, with a cap number of $23,500,000, making up 9.0% of the cap. Dead money is $49,000,000, with cap savings of ($25,500,000).
For 2026, aged 43, the contract is noted as “Void” with a cap number of $63,000,000, comprising 22.2% of the cap. Dead money is $35,000,000, with cap savings of $28,000,000.
Similarly, in 2027, aged 44, the contract is listed as “Void” with a $0 cap number. Dead money is $21,000,000, with cap savings of ($21,000,000).
In 2028, aged 45, the contract is again “Void” with a $0 cap number. Dead money is $7,000,000, with cap savings of ($7,000,000).
Finally, in 2029, aged 46, the contract is “Void” with a $0 cap number, signifying the end of the agreement.
The contract terms for Rodgers with the Jets include a revised deal valued at $112.5 million for three years, with $75 million fully guaranteed. He receives a $35 million bonus in 2023, and both his 2023 and 2024 base salaries are fully guaranteed. Additionally, there’s a guaranteed option bonus of $35 million in 2024 and another $35 million option bonus in 2025. The final years of the contract serve as void years for salary cap purposes.
Regarding cash flows, $37.5 million is fully earned money, totaling $75 million, and $112.5 million is the overall contract value. The cash due in 2023, 2024, and 2025 is $36,888,888, $38,161,112, and $37,500,000, respectively. The running cash is listed as $36,838,888 for 2023, $75,000,000 for 2024, and $112,500,000 for 2025.
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