I've repeatedly posted my opinion about it, doesn't make any sense to do it further as you don't seem to be willing to change your mind although it's pretty obvious to everyone else you're wrong about it.
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So Rodgers releases it give or take the 2 yards at the 20.
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At this point is the exact time when he decides ohh **** going to fast. That is when the ball is already at the 37. Meaning it flew 129 feet and was only about 21 feet away when he decided figures this out. Even now, his pace hasn't slowed much as you can still see the separation from him and the safety.
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And finally the "attempt" to catch the ball... Or hug maybe? I'm not sure wtf he was thinking at this point.
Slowing down faster and using his back arm to run the defender past the ball would have been the best move. But with that late of reaction time to the ball this is really all you're left with is to try to catch the ball through him.
Side Note: The guys in the background expressions are priceless. Except Hyde he looks like he has been crying the whole game.