Packers sign Jaire Alexander to four year extension

Zero2Cool
Elite Member Topic Starter

3 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

3 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

3 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

3 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

3 years ago

🏈 👍 😍

PackersNation
Registered

3 years ago

go.pack.go.
Veteran Member

3 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

3 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

3 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

3 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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