Packers sign Jaire Alexander to four year extension

Zero2Cool
Elite Member Topic Starter

2 years ago

The Green Bay Packers and Jaire Alexander are finalizing a four-year, $84 million contract extension according to ESPN's Adam Schefter.

The $21 million average per year is the highest for any defensive back in the NFL.

Yikes, that is a lot of money.

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wpr
Preferred Member

2 years ago

My son sent me a link a few seconds ago.

Alexander’s deal includes a league minimum base salary of $1.076 million and a signing bonus of $30 million, the latter being a record-high for a defensive back. With the bonus being spread out over the next five seasons, Alexander’s cap hit for the 2022 season could be as low as $7.076 million, with any per-game active roster bonuses and workout bonuses applicable this season increasing that number. If none are present and that value is accurate, the move frees up about $6.2 million in salary cap space for the Packers this season, giving the Packers plenty of cap room to get through this season and enough flexibility to potentially

I love it. The $21 mil seems like a ot but it's the NFL of 2022 and beyond. If the top WR receives $22 mil or more then the top CB should be comparable.

PackersNation
Registered

2 years ago

Ja's cap hit for this year will be somewhere around 7.5 million(Once all details of contract are official.) Down from the 13.2 million that his cap hit was. Estimate of about 5.7 mill in cap savings. Some are saying 6 million possibly, but I'll stick with somewhere around 5.7.

The Packers are set up well for the season in case of the need of emergency signings and etc.

Vikings fans in February: "The Packers are in cap hell and they are going to have to gut the whole team🤣"

Vikings fan today: "The Packers are still 100% our Daddy.😭"

buckeyepackfan
Veteran Member

2 years ago

Wondering how much more is guaranteed money?
There has to be more guaranteed money , other than the 30 mil signing bonus.
Just have to wait for final numbers.

Whatever they are, good move by The Packers to lock him up.

I was addicted to The Hokey Pokey, but I turned myself around!

Pugger
Member

2 years ago

🏈 👍 😍

PackersNation
Registered

2 years ago

go.pack.go.
Veteran Member

2 years ago

I love this. I thought he was going to be another great player that walks in FA. Glad to see he’s locked in Green Bay for a while. Best corner we’ve had since Woodson.

wpr
Preferred Member

2 years ago

Florio speaks:

Per a source with knowledge of the contract, here are the terms:

1. Signing bonus: $30 million.

2. 2022 base salary: $1.076 million.

3. 2023 offseason 90-man roster bonus: $11.45 million.

4. 2023 offseason workout bonus: $700,000.

5. 2023 per-game roster bonus: $650,000 total.

6. 2023 base salary: $1.2 million.

7. 2024 offseason 90-man roster bonus: $8 million.

8. 2024 offseason workout bonus: $700,000.

9. 2024 per-game roster bonus: $650,000 total.

10. 2024 base salary: $6.65 million.

11. 2025 offseason workout bonus: $700,000.

12. 2025 per-game roster bonus: $650,000 total.

13. 2025 base salary: $16.15 million.

14. 2026 offseason workout bonus: $700,000.

15. 2026 per-game roster bonus: $650,000 total.

16. 2026 base salary: $18.15 million.

17. 2023-26 Pro Bowl escalator: $250,000 per year.

Alexander was already due to earn $13.294 million in 2022, with another $782,000 for a seventeenth game.

The deal pays out a total of $98.076 million over five years, if all per-game roster bonuses are earned. That’s an average at signing of $19.615 million.

Removing the salary he was due to earn in 2022, the contract has a new-money average of $21 million.

Only the signing bonus is guaranteed. The Packers continue to refuse to fully guarantee money beyond the first year of a veteran, non-quarterback contract. Only the Bengals do the same. The Steelers broke that precedent last year with T.J. Watt‘s contract.

It looks like the only thing Florio can complain about is that the Packers are one of two teams that do not give out tons of guaranteed money needlessly.

Mucky Tundra
Honored Member

2 years ago

Yikes, that is a lot of money.

Originally Posted by: Zero2Cool

Quiet you!

Stuntonthesehoes.jpg You have insufficient rights to see the content.

Super stoked that Jaire is gonna be around for the long term. I think he could be one the greats at CB in league history when it's all said and done.

“Nah. I like having the island. It’s pretty cool...not too many visitors”

"I’ve got it." -Aaron Rodgers

Nonstopdrivel
Preferred Member

2 years ago

#10

2023 offseason 90-man roster bonus: $11.45 million.

Jesus Christ. That's a hell of an incentive not to do anything crazy in the offseason.

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Martha Careful (3h) : meh

Zero2Cool (7h) : Sounds like Walker and Wyatt will be with Packers for beyond 2026

Zero2Cool (7h) : It's so awesome.

Zero2Cool (7h) : new site fan shout post fast

wpr (10h) : Slow posting in Fan shout.

wpr (10h) : Only 4

Zero2Cool (13h) : If only we had a topic to read about and discuss it. That's something new website must have!!!

dfosterf (14h) : Justice Musqueda over at Acme Packing put up an excellent synopsis of the Packers 1st round options this am

wpr (19-Apr) : 5 days

beast (18-Apr) : 6 days

wpr (17-Apr) : 7 days

Zero2Cool (16-Apr) : sounds like Packers don't get good compensation, Jaire staying

dfosterf (16-Apr) : Nobody coming up with a keep, but at x amount

dfosterf (16-Apr) : Trade, cut or keep

dfosterf (16-Apr) : that from Jaire

dfosterf (16-Apr) : My guess is the Packers floated the concept of a reworked contract via his agent and agent got a f'

Zero2Cool (16-Apr) : Yes, and that is why I think Rob worded it how he did. Rather than say "agent"

dfosterf (16-Apr) : Same laws apply. Agent must present such an offer to Jaire. Cannot accept or reject without presenting it

Zero2Cool (16-Apr) : I'm thinking that is why Rob worded it how he did.

dfosterf (16-Apr) : The Packers can certainly still make the offer to the agent

dfosterf (16-Apr) : Laws of agency and definition of fiduciary responsibility

dfosterf (16-Apr) : Jaire is open to a reduced contract without Jaire's permission

dfosterf (16-Apr) : The agent would arguably violate the law if he were to tell the Packers

Zero2Cool (16-Apr) : That someone ... likely the agent.

Zero2Cool (16-Apr) : So, Jaire has not been offered nor rejected a pay reduction, but someone says he'd decline.

Zero2Cool (16-Apr) : Demovksy says t was direct communication with someone familiar with Jaire’s line of thinking at that moment.

Zero2Cool (16-Apr) : Demovsky just replied to me a bit ago. Jaire hasn't said it.

dfosterf (16-Apr) : Of course, that depends on the definition of "we"

dfosterf (16-Apr) : We have been told that they haven't because he wouldn't accept it. I submit we don't know that

dfosterf (16-Apr) : What is the downside in making a calculated reduced offer to Jaire?

Zero2Cool (15-Apr) : Packers are receiving interest in Jaire Alexander but a trade is not imminent

Zero2Cool (15-Apr) : Jalen Ramsey wants to be traded. He's never happy is he?

Zero2Cool (15-Apr) : two 1sts in 2022 and two 2nd's in 2023 and 2024

Zero2Cool (15-Apr) : Packers had fortunate last three drafts.

dfosterf (15-Apr) : I may have to move

dfosterf (15-Apr) : My wife just told the ancient Japanese sushi dude not enough rice under his fish

Zero2Cool (14-Apr) : I think a dozen is what I need

dfosterf (14-Apr) : Go fund me for this purpose just might work. A dozen nurses show up at 1265 to provide mental health assistance.

dfosterf (14-Apr) : Maybe send a crew of Angels to the Packers draft room on draft day.

Zero2Cool (14-Apr) : I am the Angel that gets visited.

dfosterf (14-Apr) : Visiting Angels has a pretty good reputation

Zero2Cool (14-Apr) : what

Martha Careful (14-Apr) : WINNING IT, not someone else losing it. The best victory though was re-uniting with his wife

Martha Careful (14-Apr) : The manner in which he won it was just amazing and wonderful. First blowing the lead then getting back, then blowing it. But ultimately

Zero2Cool (12-Apr) : I'm guessing since the thumb was broken, he wasn't feeling it.

dfosterf (10-Apr) : Looking for guidance. Not feeling the thumb.

Mucky Tundra (10-Apr) : If they knew about it or not

Mucky Tundra (10-Apr) : I don't recall that he did which is why I asked.

Zero2Cool (10-Apr) : Guessing they probably knew. Did he have cast or something on?

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