By Max Harper
ESPN is reporting that Aaron Rodgers allowed the Packers to restructure his massive contract, which freed up the cap space to execute the blockbuster trade to the Jets without having to make significant moves to stay under the salary cap.
Before the trade, Rodgers and the Green Bay Packers converted a $58.3 million option bonus, payable in 2023, into a 2024 base salary, a source told ESPN’s Dan Graziano. As a result, he’s making only $1.165 million this season — the base-salary minimum. That also represents his cap charge.
Under his previous contract — the three-year, $150 million extension from last year — the Jets would’ve inherited a $15.8 million cap charge. That’s relatively low for a player of his stature, but it would’ve put the Jets several million dollars over the cap.
By pushing the $58.3 million option bonus into next year — the bonus is fully guaranteed — Rodgers’ 2024 compensation balloons to $107.55 million. That consists of an original $47 million option bonus, plus $1.21 million in minimum salary, plus the $58.3 million bonus from this year.