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The Green Bay Packers have made a significant long-term contract offer to Aaron Rodgers, who would change the quarterback market, a source told ESPN.
The terms of a potential new contract can always change, but a three- or four-year deal would help Green Bay’s pay cap situation while giving Rodgers, 38, contractual clarity well into his 40s.
Green Bay is more than $ 27 million above the ceiling just nine days before the start of the new league year. The Packers were expected to offer Rodgers a new deal at some point this offseason, with the dual intention of getting below the salary cap and also providing market-level compensation for the two-time reigning league MVP.
The Broncos are also lurking as a potential candidate to land Rodgers, with a source telling ESPN that Denver is willing to compete to acquire him either through a new contract or compensation for selection.
Rodgers is considering his options, but is expected to make a decision on his future in the NFL soon. He has previously indicated on “The Pat McAfee Show” that he would like to make his decision before the franchise offer deadline Tuesday, where the Packers will have to decide whether to use the tag on star receiver Davante Adams.
Whatever Rodgers decides, extra cap space will be created. If he does not play for Green Bay, the Packers would receive between $ 19.3 million and $ 26.9 million in salary cap savings, depending on the timing of the decision.
Rodgers has one year left on his contract and will count $ 46.1 million against the ceiling, a number that will no doubt be lowered by an extension if he decides to return. To that end, Packers vice president of football operations, Russ Ball, has been involved in contract talks with Rodgers’ agent, David Dunn.
Kansas City’s Patrick Mahomes is currently the NFL’s highest paid quarterback with a $ 450 million deal that has an average annual value of $ 45 million. Buffalo’s Josh Allen is the league’s second highest paid quarterback, both in terms of total value (over $ 258 million) and average annual value ($ 43.006 million).
Atlanta’s Matt Ryan is the league’s only player with a cap hit bigger than Rodgers. His current deal with the Falcons counts $ 48.7 million against the ceiling.
Packers general manager Brian Gutekunst said last week that Green Bay has not received any swap offers for Rodgers, stressing that “not a single person” has called to inquire about the star’s quarterback availability.
A source stressed to ESPN that the Packers wanted so much in compensation – top picks and young key players – that a deal could be difficult to complete for the team buying Rodgers.
League sources told ESPN’s Adam Schefter last week that the Packers had not been involved in any trade scenarios regarding Rodgers and were awaiting his decision.
Several league leaders believe the Steelers have at least inquired about Rodgers, but their level of involvement is still unclear.
The Packers began the offseason nearly $ 50 million above the salary cap, and that doesn’t include the contracts of Adams, linebacker De’Vondre Campbell and cornerback Rasul Douglas.
Thanks to renegotiations with left tackle David Bakhtiari, defensive tackle Kenny Clark and running back Aaron Jones, they are now $ 27.5 million above the ceiling, according to ESPN Stats & Information research.
The Packers will almost certainly use the franchise mark on Adams if a long-term deal is not completed by 6 p.m. 16.00 ET deadline Tuesday. Green Bay wants to keep Adams, whether Rodgers returns or not.
ESPN’s Rob Demovsky contributed to this report.