Aaron Rodgers signed his revised contract with the #Packers before 4 p.m. ET Tuesday, per source. So everything remains on schedule: Trade papers can be filed after 4 p.m. ET today and Rodgers will officially become a member of the #Jets.

The restructure pushed all but the minimum salary and a small workout bonus into 2024, so New York will need to rework it again. Green Bay will carry a roughly $40 million dead cap hit in 2023 and Rodgers will be off the books in 2024.

By reworking the deal this way, Green Bay saves $14.575M in 2023 cap space instead of getting a credit in 2024. For at least the next couple days, Rodgers is due $1.215 million in 2023 and $107.6 million in 2024. This will obviously change.

T  wrote:

Before Aaron Rodgers left his old team, he signed a new contract.

Per multiple sources, Rodgers agreed to a simple tweaking of his deal that created $14.575 million in 2023 cap space for the Packers.


The contract has a $58.3 million option bonus, which converts to base salary if not exercised by Week One. The Packers had been carrying this year’s allocation of the bonus — $14.575 million — along with his base salary for 2023. In a revision to the contract, the exercise window was shifted to erase the $14.575 million cap charge.

The alternative would have been to pick up the credit in 2024. The new deal allowed the Packers to get the benefit of the reduction now.

That reduces the cap charge from $37.4 million to $22.825 million, and it clears Rodgers from the books in 2023.

The Jets will have a cap number of $15.79 million in 2023, with the cap charge for $43.725 million of the option bonus pushed to future years.

Bottom line? The bottom line remains the same for Rodgers. He’ll make nearly $60 million in 2023 alone.

Mike Florio wrote: