Record extension for Packers, Aaron Rodgers could reach $180M total
Channel: Events And News
Date: 2018-08-30

Green Bay Packers, general manager Brian Gutekunst announced Wednesday. The record-breaking four-year, $134 million extension could be worth up to $180 million in total money, a source told ESPN's Adam Schefter.

Rodgers, who will be 40 years old when the deal expires after the 2023 season, praised the Packers on Instagram for an "amazing ride" late Wednesday afternoon.

It's been an amazing ride the last 13 years; excited to start year 14 knowing that my future is here, in Green Bay, for our 100th season. I've grown up in this place, and grown older and a little wiser along the way. Thank you to our incredible fan base for inspiring us players to be better year after year. Thank you to the Packers organization for standing by me time and time again and giving me the opportunity to lead this football team. And thank you to my teammates along the way, past and present who have impacted my life in so many positive ways, giving me friendships for life. Looking forward to making some more memorable moments this year, and for years to come.... #packers100thseason #packersfamily #packerforlife #midrange
A post shared by Aaron Rodgers (@aaronrodgers12) on Aug 29, 2018 at 2:00pm PDT
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, the source told Schefter.

An important feature of the deal for Rodgers was the cash flow in the first year, according to Schefter. Rodgers will receive $67 million by the end of the 2018 calendar year and an additional $13 million before March 17, 2019, according to Schefter.