Packers and Aaron Rodgers agree on 3 yr 150 mill

[Heyjoe4]

Yup and I doubt anyone is going to give the Packers a 2nd rounder for him and if they did, I would gladly take it. Between the 2nd round pick and the almost $4M salary, Lazard is all but ours. I actually value him more than MVS in the Packer offense.

Imagine if some team decides Lazard is worth the 2nd rounder and $4M.....the Packers would just have to add 1 more capable WR to their needs list.

That WR list is getting pretty long Poker.

 

[Pokerbrat2000]

That WR list is getting pretty long Poker.

The funny thing....once Adams was gone, people are actually noticing just how thin the WR room is and really has been. Goes to show you just how much of that room he filled/compensated for.

 

[GreenBaySlacker]

I dont know how they did it. But I'm glad they got it done.

Time to start calling those savvy ,prove it, veterans to fill the roster.

 

[Heyjoe4]

The funny thing....once Adams was gone, people are actually noticing just how thin the WR room is and really has been. Goes to show you just how much of that room he filled/compensated for.

That's a good point. I don't think we ever took Rodgers for granted, but maybe we did with Adams. He was a quiet, classy guy off the field. When it came time to get paid what he deserved, things changed but not much. He wanted to play in Vegas with Carr and get paid. No ranting or raving or demanding. $28 mil/year sounds crazy, but who can say he didn't deserve it?

Now we see how bare the cupboard is without him. Tonyan had his 11 TD season, but who else came close to Adams? No one.

 

[Heyjoe4]

I dont know how they did it. But I'm glad they got it done.

Time to start calling those savvy ,prove it, veterans to fill the roster.

Yeah that's another way to look at that list. Those guys are veterans who have produced in the past. Now they have prove they're still worth it. Why not in GB?

 

[Deleted member 6794]

Thanks Poker. That $76 mil number sounded off to me, and I heard it here. So I'll rely on Sportrac's numbers as well. They just sound more logical based on what we know.

I guarantee Spotrac is completely off with their numbers. As mentioned above, the $150 million Rodgers will be paid in the first three years of the deal have to be accounted for if the Packers and him part ways after the 2024 season.

As only $74 million of new money will have counted against the cap over the first three years the dead money would be $76.8 million at that point.

Since you have the fine details on-hand... what are the cap ramifications if AR retires after '22; after '23 or after '24? How much bonus $ goes away in each situation? Thanx!

Unfortunately there's no way for me to answer that question as it might be possible for the Packers to recoup part of the signing and option bonuses if Rodgers decides to retire early.

I'm going to have to get my lawyers to contact your lawyers to get this straightened out. I have never seen such a complicated contract before:

Contract Notes:

• $101.515M guaranteed at signing (2022 salary, 2022 roster bonus, 2023 salary, 2023 option bonus)
• 2022 Roster Bonus: $40.8M (fully guaranteed, treated as signing bonus)
• 2023 Option Bonus (to exercise the 2025 compensation): $58.3M (guaranteed)
• 2024 Option Bonus (to exercise the 2026 compensation): $47M (injury guaranteed at signing, fully guarantees the 5th day of the 2024 waiver period)
• Declining either of the 2023-2024 options converts the base salary for that year into the bonus figure ($58.3M, $47M respectively)
• 2025 Roster Bonus: $5M (paid 4/15/2025)
• 2026 Roster Bonus: $5M (paid 4/15/2026)
• 5 year total contract value: $186,750,000
  3 year contract value: $150,815,000
  2 new year contract value: $123,844,412

It's actually not that complicated at all. You just need to take a look at the cash Rodgers will be paid each season and realize that he will receive $58.3 million in 2023 and $47 million in '24 as an option bonus which will be prorated over the entire length of the contract.

A lot of numbers getting thrown around. I'm not sure who to believe, only that $150 mil for three years sounds right. That's still a lot of money pushed out to years 4 and 5, but not $76 mil.

See above, the Packers and Rodgers parting ways after the 2024 season will result in $76.8 million of dead money counting against their cap.@

I really have a hard time believing that the Seahawks would or should trade Lockett. If they do, his $31.2M cap hit is going to really sting. While they could spread it over 2 years, it is still quite a hit.

According to Over The Cap the Seahawks would only take a cap hit of $15.2 million of dead money counting against their cap.

 

[Pokerbrat2000]

According to Over The Cap the Seahawks would only take a cap hit of $15.2 million of dead money counting against their cap.

I assume that would be if they took a post June, but that would mean they would still have the same amount of dead money for 2023.

 

[sschind]

I keep hearing people talking about some sort of secret deal (if its a secret I don't know how they know about it but that's besides the point) whereby Rodgers will retire after 2024 but he "won't really retire" The packers will still have to pay him some of his bonus money but it will keep it from escalating into 2025 or something like that. I don't know if such an arrangement is possible without carrying him on the roster or not. Maybe they can put him on the practice squad or something. Maybe he'd planning on some sort of injury that will keep him on IR for 2 years to keep all the money from the last years from piling up.


OTC does have this disclaimer on the bottom of the Rodgers page

Aaron Rodgers signed a three year, $150 million contract with the Packers on March 14, 2022. We have not yet verified the information and are basing the contract estimates on multiple reports about the contract. We will update the page when we get more information.

 

[Heyjoe4]

I guarantee Spotrac is completely off with their numbers. As mentioned above, the $150 million Rodgers will be paid in the first three years of the deal have to be accounted for if the Packers and him part ways after the 2024 season.

As only $74 million of new money will have counted against the cap over the first three years the dead money would be $76.8 million at that point.



Unfortunately there's no way for me to answer that question as it might be possible for the Packers to recoup part of the signing and option bonuses if Rodgers decides to retire early.



It's actually not that complicated at all. You just need to take a look at the cash Rodgers will be paid each season and realize that he will receive $58.3 million in 2023 and $47 million in '24 as an option bonus which will be prorated over the entire length of the contract.



See above, the Packers and Rodgers parting ways after the 2024 season will result in $76.8 million of dead money counting against their cap.@



According to Over The Cap the Seahawks would only take a cap hit of $15.2 million of dead money counting against their cap.

I see what you're saying, I think. Out of the $150 mil, only $74 mil will count against the cap in the first three years. That leaves $76 mil after 3 years. Is that the deal?

Question - is the contract for 3 years or 5 years? Or 3 years with another 2 "voidable"?

 

[Deleted member 6794]

Since you have the fine details on-hand... what are the cap ramifications if AR retires after '22; after '23 or after '24? How much bonus $ goes away in each situation? Thanx!

After doing some research I figured out that the Packers won't be able to recoup any money from Rodgers if he retires before the contract expired. That's because he didn't get any signing bonus but a roster bonus this season (as it was fully guaranteed the Packers were allowed to prorate it over five years like a signing bonus) as well as option bonuses in 2023 and '24.

That means the dead money counting against their cap would be the same as if the Packers cut him.

I assume that would be if they took a post June, but that would mean they would still have the same amount of dead money for 2023.

No, actually Spotrac lists that Lockett received a $13 million option bonus on February 18th, which would result in $28.2 million of dead money counting against the Seahawks cap in 2022 (remember the team acquiring him would be on the hook for his $3 million base salary).

On the other side Over The Cap lists that Lockett has a $3.25 million per game roster bonus for each of the next four seasons. If that's true Seattle would only take $15.2 million of dead money counting against their cap.

Obviously I have no idea which of them is right about it though.

I keep hearing people talking about some sort of secret deal (if its a secret I don't know how they know about it but that's besides the point) whereby Rodgers will retire after 2024 but he "won't really retire" The packers will still have to pay him some of his bonus money but it will keep it from escalating into 2025 or something like that. I don't know if such an arrangement is possible without carrying him on the roster or not. Maybe they can put him on the practice squad or something. Maybe he'd planning on some sort of injury that will keep him on IR for 2 years to keep all the money from the last years from piling up.

I don't think there's any way for the Packers to circumvent the dead money for Rodgers counting against their cap without having to pay his base salary and roster bonus in 2025.

I see what you're saying, I think. Out of the $150 mil, only $74 mil will count against the cap in the first three years. That leaves $76 mil after 3 years. Is that the deal?

Exactly. Therefore the Packers would take a total of $76.8 million of dead money counting against their cap in 2025 if the team and Rodgers part ways after the '24 season.

Question - is the contract for 3 years or 5 years? Or 3 years with another 2 "voidable"?

There aren't any void years involved. It's a five-year deal with two reasonable outs for the Packers. The first one occurs after only one season by trading Rodgers before the option bonus is paid, the other one comes after the 2025 season.

 

[sschind]

I don't think there's any way for the Packers to circumvent the dead money for Rodgers counting against their cap without having to pay his base salary and roster bonus in 2025.

I don't think they were talking about getting around it completely. They would still have to count it all, just that it wouldn't excellerate into one year if he retires after 3 Of course they could probably do that with some sort of post June 1 designation.

I think there is still some confusion surrounding the details of the contract and its probably in the wording and the inclusion of the roster bonus rather than the signing bonus like you said. That's why OTC and Spotrac are reporting different numbers. I cant see OTCs breakdown on my phone, just the cap hit, but if I remember correctly they had all his bonus money lumped into one 15 million dollar figure and not broken down like Spotrac has it.

That may also be why it is still being reported as a 3 year deal rather than a 5 year one.

So If he retires after 2024 all his bonus excellerates but they won't be responsible for his 25 and 26 base salary because those are not guaranteed is that right.

 

[Deleted member 6794]

I don't think they were talking about getting around it completely. They would still have to count it all, just that it wouldn't excellerate into one year if he retires after 3

I'm not aware of any way to make that work but that doesn't mean there isn't one. Most likely they could use some form of a post June 1st designation to spread the cap hit out over two seasons.

I cant see OTCs breakdown on my phone, just the cap hit, but if I remember correctly they had all his bonus money lumped into one 15 million dollar figure and not broken down like Spotrac has it.

If you turn your phone to watch the screen in landscape mode the details of a contract are shown on Over The Cap as well. At least that works on an iPhone.

So If he retires after 2024 all his bonus excellerates but they won't be responsible for his 25 and 26 base salary because those are not guaranteed is that right.

Correct, the 2025 and '26 base salaries and roster bonuses aren't guaranteed and the Packers wouldn't have to pay a cent of it if Rodgers retires after the 2024 season.

 

[sschind]

I'm not aware of any way to make that work but that doesn't mean there isn't one. Most likely they could use some form of a post June 1st designation to spread the cap hit out over two seasons.



If you turn your phone to watch the screen in landscape mode the details of a contract are shown on Over The Cap as well. At least that works on an iPhone.



Correct, the 2025 and '26 base salaries and roster bonuses aren't guaranteed and the Packers wouldn't have to pay a cent of it if Rodgers retires after the 2024 season.

Thanks, never thought to turn the phone. Seems like both sites have the overall numbers the same but use different categories for the bonuses so its harder to make a 1 to 1 comparison. Several key dates that trigger further compensation. Spotrac seems to have more details as to what dates trigger what compensation and bonus and what converts to what.

I'm just going to say Aaron Rodgers is getting a boatload of money and leave it at that.

 

[Pokerbrat2000]

No, actually Spotrac lists that Lockett received a $13 million option bonus on February 18th, which would result in $28.2 million of dead money counting against the Seahawks cap in 2022 (remember the team acquiring him would be on the hook for his $3 million base salary).

Sportrac and Overthecap actually agree on the dead cap # of $31.2 M. on Lockett. Very true on the 13M option bonus, but this doesn't change the total amount on his dead cap, nor does the $3M base salary.

Maybe I am wrong on my understanding of "dead cap". I always view that listed amount as what the team would have to report in the current year or over this and next year (split on a post June 1 declare), if the player is either cut or traded. Basically, the dead cap is unreported (on cap) payments to the player and not future salaries, bonuses, etc. Yes, the team does not have to pay the amounts (to the player) that were going to come due after the transaction (salary, per game bonus, etc.) but the dead cap represents money already paid to the player, but not reported on any cap numbers as of yet. As each season of the contract goes by, the dead cap is reduced each year by the amount of those prepaid amounts, that were shifted over to the cap in that season.

Finally, the fact that Seattle decided to pay Lockett that option bonus of $13M leads me to believe, at least on 2/18, they had no intention of trading Lockett. But I suppose anything is possible.

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[Heyjoe4]

After doing some research I figured out that the Packers won't be able to recoup any money from Rodgers if he retires before the contract expired. That's because he didn't get any signing bonus but a roster bonus this season (as it was fully guaranteed the Packers were allowed to prorate it over five years like a signing bonus) as well as option bonuses in 2023 and '24.

That means the dead money counting against their cap would be the same as if the Packers cut him.



No, actually Spotrac lists that Lockett received a $13 million option bonus on February 18th, which would result in $28.2 million of dead money counting against the Seahawks cap in 2022 (remember the team acquiring him would be on the hook for his $3 million base salary).

On the other side Over The Cap lists that Lockett has a $3.25 million per game roster bonus for each of the next four seasons. If that's true Seattle would only take $15.2 million of dead money counting against their cap.

Obviously I have no idea which of them is right about it though.



I don't think there's any way for the Packers to circumvent the dead money for Rodgers counting against their cap without having to pay his base salary and roster bonus in 2025.



Exactly. Therefore the Packers would take a total of $76.8 million of dead money counting against their cap in 2025 if the team and Rodgers part ways after the '24 season.



There aren't any void years involved. It's a five-year deal with two reasonable outs for the Packers. The first one occurs after only one season by trading Rodgers before the option bonus is paid, the other one comes after the 2025 season.

Thanks. Now I see where you came up with that $76 mil number. Ouch. Well let's hope he pulls a Tom Brady and plays (for GB) until he's 44. The cap money still hits, but at least it's not dead.

 

[Deleted member 6794]

Sportrac and Overthecap actually agree on the dead cap # of $31.2 M. on Lockett. Very true on the 13M option bonus, but this doesn't change the total amount on his dead cap, nor does the $3M base salary.

You listed Over The Cap's numbers if the Seahawks cut Lockett. They have different once for when he's traded though.

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There's a huge difference whether the Seahawks already paid him an option bonus of $13 million (that would result in dead money counting against Seattle's cap if he's traded) or he's due a $3.25 million per game roster bonus for each of the next four seasons (the team acquiring him would take that cap hit with no dead money resulting out of it for the Seahawks).

If he's traded before the start of this season the base salary of $3 million will be fully paid by the acquiring him, therefore that would definitely not result in any dead money for Seattle.

Maybe I am wrong on my understanding of "dead cap". I always view that listed amount as what the team would have to report in the current year or over this and next year (split on a post June 1 declare), if the player is either cut or traded. Basically, the dead cap is unreported (on cap) payments to the player and not future salaries, bonuses, etc. Yes, the team does not have to pay the amounts (to the player) that were going to come due after the transaction (salary, per game bonus, etc.) but the dead cap represents money already paid to the player, but not reported on any cap numbers as of yet. As each season of the contract goes by, the dead cap is reduced each year by the amount of those prepaid amounts, that were shifted over to the cap in that season.

You don't fully understand the concept of dead money counting against the cap.

Most importantly, there are two scenarios which could result in a different amount of dead money counting against a team's cap in a player either being released or traded.

If a player is released the move will result in all money already having been paid to a player but not yet accounted for in the salary cap (remaining prorated portion of any bonuses) as well as all future guarantees counting against the cap in dead money.

If a player is traded the team acquiring him will take over those future guarantees resulting in less dead mone for the team trading him.

Finally, the fact that Seattle decided to pay Lockett that option bonus of $13M leads me to believe, at least on 2/18, they had no intention of trading Lockett.

If Spotrac is right about the option bonus there's no way the Seahawks are interested in trading Lockett.

The base salary of $3 million would be paid by the team acquiring him and wouldn't count as dead money against the Seahawks cap.

 

[Heyjoe4]

You listed Over The Cap's numbers if the Seahawks cut Lockett. They have different once for when he's traded though.

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There's a huge difference whether the Seahawks already paid him an option bonus of $13 million (that would result in dead money counting against Seattle's cap if he's traded) or he's due a $3.25 million per game roster bonus for each of the next four seasons (the team acquiring him would take that cap hit with no dead money resulting out of it for the Seahawks).

If he's traded before the start of this season the base salary of $3 million will be fully paid by the acquiring him, therefore that would definitely not result in any dead money for Seattle.



You don't fully understand the concept of dead money counting against the cap.

Most importantly, there are two scenarios which could result in a different amount of dead money counting against a team's cap in a player either being released or traded.

If a player is released the move will result in all money already having been paid to a player but not yet accounted for in the salary cap (remaining prorated portion of any bonuses) as well as all future guarantees counting against the cap in dead money.

If a player is traded the team acquiring him will take over those future guarantees resulting in less dead mone for the team trading him.



If Spotrac is right about the option bonus there's no way the Seahawks are interested in trading Lockett.

The base salary of $3 million would be paid by the team acquiring him and wouldn't count as dead money against the Seahawks cap.

I'm probably not reading this right - a $3.25 mil roster bonus per game could/would result in $51 mil paid in a season if he starts all 17 games. I'm sure that can't be right but don't know why. I am no cap specialist!

 

[Deleted member 6794]

I'm probably not reading this right - a $3.25 mil roster bonus per game could/would result in $51 mil paid in a season if he starts all 17 games. I'm sure that can't be right but don't know why. I am no cap specialist!

Over The Cap lists per game roster bonuses as season totals. According to them Lockett will earn $191,176 for each game he plays in.

 

[Pokerbrat2000]

You listed Over The Cap's numbers if the Seahawks cut Lockett. They have different once for when he's traded though.

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There's a huge difference whether the Seahawks already paid him an option bonus of $13 million (that would result in dead money counting against Seattle's cap if he's traded) or he's due a $3.25 million per game roster bonus for each of the next four seasons (the team acquiring him would take that cap hit with no dead money resulting out of it for the Seahawks).

If he's traded before the start of this season the base salary of $3 million will be fully paid by the acquiring him, therefore that would definitely not result in any dead money for Seattle.



You don't fully understand the concept of dead money counting against the cap.

Most importantly, there are two scenarios which could result in a different amount of dead money counting against a team's cap in a player either being released or traded.

If a player is released the move will result in all money already having been paid to a player but not yet accounted for in the salary cap (remaining prorated portion of any bonuses) as well as all future guarantees counting against the cap in dead money.

If a player is traded the team acquiring him will take over those future guarantees resulting in less dead mone for the team trading him.



If Spotrac is right about the option bonus there's no way the Seahawks are interested in trading Lockett.

The base salary of $3 million would be paid by the team acquiring him and wouldn't count as dead money against the Seahawks cap.

I didn't see the "$16M in guaranteed salary"....which is the difference between the 2 sites dead cap and the difference if you trade or cut.

I totally understand that any money that hasn't been paid out and is due after dates of trades or cuts and is not guaranteed, does not go on the teams dead or regular cap. Where it gets tricky is when they throw in things like "guaranteed salary". I assume that only kicks in if the player is cut and not traded. So if Lockett was traded, would his new team be on the hook for that $16M + his $3M salary in 2022 + the future salaries or is that $16M a part of those future salaries and only guaranteed?

 

[kevans74]

You know, it's funny. I think the better question is how long can Aaron Rodgers keep playing at this level, and how long will he want to do it(truly)?

Playoff woes aside, because I was even putting blame on him

The past 2 years, we can also assume he has mastered MLFs offense, Aaron has thrown for:

8000+ yards
85 passing touchdowns
9 interceptions

He has arguably had the BEST 2 YEAR stretch in his career

2011 and 2012
8000+ yards
84 passing touchdowns
14 interceptions

How much of the success was AR grasping MLFs offense? How much was Davante? We will certainly find out this year (lol)

Personally, I believe (and hope), that he will be even better without Davante, provided we can acquire veterans who are smart and can catch?

 

[Pokerbrat2000]

provided we can acquire veterans who are smart and can catch

That will be the theme of the Packers from now until.......

I really hope Gute doesn't think that his current WR's and a rookie or 2 sprinkled in, is going to get it done.

 

[kevans74]

That will be the theme of the Packers from now until.......

I really hope Gute doesn't think that his current WR's and a rookie or 2 sprinkled in, is going to get it done.

They must realize that MLF and his scheme has had a big impact.

I don't believe Gute is naive enough to believe we can somehow land the next Justin Jefferson or Jamar Chase

 

[Pokerbrat2000]

I don't believe Gute is naive enough to believe we can somehow land the next Justin Jefferson or Jamar Chase

I would like to believe that we could, but I wouldn't go into the 2022 Season dependent on it. I think too often some fans think that all you have to do is draft a guy high and he is an instant success. Can happen, but I would say it happens less often than a team wants it too and not very often in the rookie season.

 

[Heyjoe4]

I would like to believe that we could, but I wouldn't go into the 2022 Season dependent on it. I think too often some fans think that all you have to do is draft a guy high and he is an instant success. Can happen, but I would say it happens less often than a team wants it too and not very often in the rookie season.

Agree. And the problem is that guys like Justin Jefferson, Jamarr Chase, and Deebo Samuel only represent three guys, three picks. Where someone is drafted is not a consistently reliable indicator of how they'll perform. I don't expect Gluten to find a guy like one of these, but I do expect a top 10, maybe top 20 pick will be an impact player at some point in year one. But even the word "impact" is subjective.

I expect a pick from 1 to 20 will start day one. That doesn't apply to some QBs who may sit behind a veteran for a year or two. Gluten will come through for the WR group, the team and the fans.

 

[Heyjoe4]

Over The Cap lists per game roster bonuses as season totals. According to them Lockett will earn $191,176 for each game he plays in.

That makes more sense, thanks.