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Despite not yet suiting up from the franchise in an official game, the New York Jets are already trying to restructure Aaron Rodgers’ massive contract.
After signing a three-year, $150 million extension with the Green Bay Packers in 2022, Rodgers is owed just $1.2 million this year and then a whopping $107.6 million in 2024.
The Jets and Rodgers are in the process of renegotiating his contract, which pays him $1.2 million this year and $107.6 million next year. When it’s done, a chunk of his 2024 compensation will be returned to 2023. Rodgers restructured the deal with the Packers before the trade, lowering his 2023 salary to the minimum with the understanding that it was just temporary. [via ESPN]
Heading into the 2023 season, the oddsmakers are expecting Rodgers and the Jets to be contenders in the AFC, as there are only three teams in the conference with better odds of winning the Super Bowl than them: the defending champion Kansas City Chiefs, Cincinnati Bengals, and Buffalo Bills.
Rodgers — who is likely the best quarterback to ever play for the Jets — is expected to take an offense that features Offensive Rookie of the Year Garrett Wilson to the next level, which will then compliment what’s believed to already be a championship-caliber defense.
In addition to OROY, the Jets also have the Defensive Rookie of the Year in cornerback Sauce Gardner, which is perhaps impacting their salary cap strategy as they plan to hand both those players massive contract extensions in the coming years.
Despite the caliber of the four-time NFL MVP, the Jets didn’t have to give up all that much for Rodgers given that he’ll be turning during the 2023 season. In addition to exchanging their first-round picks in this year’s NFL Draft, the Jets only gave up a 2nd round pick, a 6th round pick, and a conditional pick in next year’s draft.