What Happens in Aaron Rodgers Retires?
If Rodgers were to walk away he would forfeit all his rights to the $59.465 million in guaranteed salary for next year. In order to best accommodate the hit on the salary cap my assumption would be that the Packers and Rodgers would sign a new contract where the option bonus was eliminated and just a $1.165 salary remained. That would reduce Rodgers salary cap charge to $16,998,750 and they would carry him on the roster as a procedural move until June 2nd. At that point they would put him on the retired list. The salary cap charge in that case would be $15,833,570 in 2023 and $24,480,000 in 2024.
If they did not do that and processed the retirement right away they would take a salary cap hit of $40,313,570 in 2023 but none in 2024. The Packers have no cap space next year so it would seem more likely that they take the first approach.
https://overthecap.com/looking-ahead-to-the-packers-options-with-aaron-rodgers