Should Packers pick up 5th year option on QB Jordan Love

Zero2Cool
Elite Member Topic Starter

2 years ago

We all assume the Green Bay Packers are going to pick up that 5th year option on QB Jordan Love. Should they though? That's $20.27 million on that 2024 salary cap.

Assuming Packers pick up that option, the Packers are at $267m and with the cap projected to be $235m that's about $32m over the salary cap. Of course, that doesn't deduct the $40m for Aaron Rodgers. And if he gets traded post June 1st, that $40m gets lowered to something like $24m which still is a heavy price.

Yes, I know, it's not likely Rodgers is traded during June or after. Yes, I want it to go that long. Yes, it's solely so I can keep watching people like Rich Eisen and Mike Greenberg completely lose their minds ranting 'WHY IS THIS NOT DONE YET OMG WHAT IS TAKING SO LONG'. Ideally, for the Packers, the Jets would just give up their 1st and 4th overall picks for 2023 draft and call it a day.

My suggestion is do Love like they did Rodgers. Let him play half the season and then sign him to an extension. What do you say?

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beast
Select Member

2 years ago

We all assume the Green Bay Packers are going to pick up that 5th year option on QB Jordan Love. Should they though?

Originally Posted by: Zero2Cool

YES

What? You want me to explain why too? Isn't it obvious? No? Okay... just for you.

Most QBs struggle a bit their first year starting, and Love will probably struggle a bit especially since we gutted the receiving targets and the OL hasn't seemed to be up to par with what we're used to.

Let's say Love struggles, is the team going to give up on him right away? Probably not... they're probably give him another chance. So turning down the option, doesn't do much for you, as you still need to sign a starting QB in 2024. And poor starting QBs like Ryan Tannehill, Geno Smith and Jimmy Garoppolo are making $24.25 to $29.5 million. So be refusing to give Love $20.27 million, your basically losing $4 million, there is no upside here unless Love is so absolutely horrible he doesn't deserve a chance of starting again.

But picking up the option, you're giving Love an additional year to prove himself, and if he's successful, then you're saving yourself $20 million, as the Giants failed to do, when they turned down QB Daniel Jones 5th year option to supposedly save $20 million, only to resign him to a $40 million per year deal and they actually lost $20 million.

Unless Love is absolutely horrible, and is a career backup only level of play, there is no upside in turning the 5th year option down.

And you can always extend him, even with the 5th year option if he plays amazingly.

Zero2Cool
Elite Member Topic Starter

2 years ago

What? You want me to explain why too? Isn't it obvious? No? Okay... just for you.

Originally Posted by: beast

You rather more topics about the Aaron Rodgers to Jets trade? OK! I got you covered!

And you can always extend him, even with the 5th year option if he plays amazingly.

Originally Posted by: beast

So that $20.27 million is not locked in? An extension can lower that 2024 number?

beast
Select Member

2 years ago

You rather more topics about the Aaron Rodgers to Jets trade? OK! I got you covered!

Originally Posted by: Zero2Cool

Thanks! 👍 You're the best! 😍

So that $20.27 million is not locked in? An extension can lower that 2024 number?

Originally Posted by: Zero2Cool

If team and player agree to a new deal, yeah it can be changed or adjusted. I believe contracts can be not changed for the first three years, then it's free game of both sides agree to it.

If either one doesn't agree to change it, then it's locked in.

Zero2Cool
Elite Member Topic Starter

2 years ago

Originally Posted by: beast

Does one year option count as 5th year of contract and is fluid, or is that essentially one year locked in?

beast
Select Member

2 years ago

Does one year option count as 5th year of contract and is fluid, or is that essentially one year locked in?

Originally Posted by: Zero2Cool

I'm not sure what you're asking, but if a team picks up the 5th year option, it's guaranteed money to the player.

So it's locked in in terms of being guaranteed money, but it's fluid in the sense that team and player can work on an extension and completely change it if both sides agree to it.

Zero2Cool
Elite Member Topic Starter

2 years ago

Originally Posted by: beast

You replied to it, but eh, here it is again.

So that $20.27 million is not locked in? An extension can lower that 2024 number?

Originally Posted by: Zero2Cool

You replied before saying it can be adjusted and now you're saying it's locked in. So, if I am connecting the dots here, the $20m is guaranteed to him, HOWEVER, it can be spread throughout additional years via extension, therefore, rather than counting $20m against 2024, we could get that cap hit down to ~$5 million with the other $15m guaranteed spread throughout the duration of the extension?

buckeyepackfan
Veteran Member

2 years ago

Absolutely pick up his 5th year option.

The 2023 cap hit is not going to change.
2024 will be guaranteed 20+mil

There Is a crazy option.
I say this because if J.Love works out, the longer they wait, the more it's going to cost The Packers.

The Packers could pick up the option, then immediately Sign Love to a 3 year, 120mil extension.

They could convert the apprx. 24mil to a signing bonus,Then add another 36mil in guaranteed money.

That would be apprx 60mil, The Packers could spread out over 5 years,
backload The rest (84mil) 2025-2027.
.
The Packers have their starter for 5 years locked in at an average of just under 30mil a year.

The contract could be re-evaluated after the 2024 season. Put it in the contract.

The 2023 season is the last year the salary cap is effected by The covid money agreement The players and teams made.
I expect a huge jump next year.
25-30mil or more.
J.Love would get a 60mil payday this year, The Packers will have time to evaluate him.

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

Zero2Cool
Elite Member Topic Starter

2 years ago

Absolutely pick up his 5th year option.

The 2023 cap hit is not going to change.
2024 will be guaranteed 20+mil

Originally Posted by: buckeyepackfan

I was on the fence, and then I read this first line and considering the source, we should absolutely NOT extend that 5th year option!! Buwahahaha

What you talking 2023 salary cap for? You even read this thread? 🤣 Teasing, but I am confused on the 2023 salary cap talk. The 5th year option hits the 2024, not 2023. When Packers flipped the train switch to Aaron Rodgers, I had said I didn't see Rodgers winning games, but felt confident he wouldn't lose us games. We can debate if I was accurate on that or not another time, but I think Jordan Love will be more Brett Favre than Aaron Rodgers. Meaning I think he will win us some games, but also cost us some games.

If that 5th year option salary hit in 2024 can be altered by extension, then I am fine with the 5th year option. In other words, Mark Murphy, I will allow it!

earthquake
Member

2 years ago

#10

Originally Posted by: buckeyepackfan

I like this plan. I don't think it will happen because it's a fairly high level of risk for both parties - paying Love before the Packers really know what they have in him, and on Love's side taking a well below-market deal. If I'm Love I play out the next two years and cash in - if he's even an average starter he's getting $40m a year (see: Daniel Jones). And in two years the cap should be significantly higher.

But I would admire the audacity to get this sorted out and build a team around Love sooner rather than later. If it doesn't work out it's not that big of a deal since it would be a below-market deal that wouldn't be too hard to swallow if they suck and need to draft another guy.

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