I'm super confused. Why are people saying Aaron Rodgers would be walking away from $59 million while also acknowledging the Packers will have $40 million dead cap no matter Rodgers does? If he retires, why the hell do the Packers still have to pay? 

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Aaron Rodgers signed a 3 year, $150,815,000 contract with the Green Bay Packers, including a $40,800,000 signing bonus, $150,815,000 guaranteed, and an average annual salary of $50,271,667.

n 2023, Rodgers will earn a base salary of $1,165,000, a signing bonus of $58,300,000 and a workout bonus of $50,000, while carrying a cap hit of $31,623,568 and a dead cap value of $99,778,568.

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For now, as presently structured, I believe it breaks down like this:

He stays: The 31 million dollar figure

He is traded or retires: The 40 million dollar figure 

He is cut: The 99 million dollar figure

As we look at our current cap room, keep in mind 9 million of that room will go away if we trade him. 31 million with him, 40 million without him. 

Kinda like the USDA paying farmers to not grow corn, 😆 

The confusion is people don't understand Accounting and consistently confuse cash with accounting.


They Packers don't have to pay cash, BECAUSE they have already paid the cash. The cash issue is resolved and no issues there other than confusion.


The issue is that the Packers are going by NFL rules and therefore have not yet accounted for that cash that has already been paid out. They have to account for it based on the NFL accounting rules, which if Rodgers leaves the teams would say it needs to be paid right away.


So if he retires, they're not paying any more, just accounting for what they have previously already paid.

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Based on what I posted in opening post -- the math doesn't add up, unless 2023 is including money from previous contract.

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Base salary 1.165 million
Prorated signing bonus 12.982 million
Prorated restructure bonus 2.852 million
Prorated option bonus 14.575 million
Workout bonus 50 thousand


= 31.624 million. Plus or minus a couple of bucks




 

There's a pretty good writeup here, inclucing an explanation of what a trade means for 24/25' a well https://zonecoverage.com/2023/packers/how-does-an-aaron-rodgers-trade-impact-green-bays-cap/ 

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EQ,

This is an excellent write-up.  Thank you for posting.

It makes me hope for a trade more than I had otherwise.

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Yeah, at this point I think a trade (or retirement) is necessary. Especially if they have any hope that Jordan Love is going to be the guy. If Rodgers stays this year, and retires next, they may lose Love (will he demand a trade?), won't get any compensation for Rodgers, and will have to deal with the cap hit for a few years.

If Rodgers gets traded this year, there's that immediate cap hit, but they can take it with Love's $4m, and absorb a lot of cap charges they've been putting into the future next year with Love's 5th year option at $20m. This also gives them 2 years of Jordan Love starting at an average of 12m a year (cap wise) to see he's if he's a guy they should sign to a contract in the $40m + per year range in 2025 - which is what he'll be asking for if he appears to be an above average starter.

In my view, I think they probably need to make this trade, even if it's for a conditional 7th round pick. Maybe it's not that dire, but that's how it reads to me. This makes me think they probably won't get a huge haul for Rodgers from the Jets. Hopefully at least 2x 2nd round picks though.

I'm seeing a lot of people on Twitter saying how bad of a move this will be for the Jets, because they have to take on a $60m cap hit. But from what I understand, that's not the situation. I think they'll take on a ~$15m cap hit, with a hit in the $32m range next year and no guarantees for injury. Assuming the contract isn't restructured, that sounds extremely reasonable from the Jet's perspective for a guy like Rodgers, even if it's just for a 1-2 year rental.

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The $59 millions is cash charge.
$15.7 million is the cap charge. 

Reports say Woody wants Packers to chip in on the cash charge. 

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Had to go back 17 pages to find this. 14.575 million dollar option bonus pro-ration. On our books this year, for the option not paid yet. 

The 40 million figure had to do with accelerated signing bonus and accelerated restructure bonus payments if traded.

How do we arrive at the 40 million if Rodgers signed some paper kicking the 14.575 off our dead money hit? 

That's 
my 
question