Green Bay's quarterback was the highest paid in the NFL before Derek Carr's new deal. Slated to be the highest paid player again when his deal expires, what is the cost of keeping Rodgers in Green Bay?
According to former sports agent Joel Correy, the dollar value behind Rodgers eventual contract renegotiation will be staggering.
Thegave a five-year, $110 million extension that made him the NFL's highest-paid player back in 2013. It was an extension handed out to the quarterback while there were still two years left on his current deal.
At the time it was record breaking, today it's looking more and more like a great value signing.
There are two years remaining on Rodgers current deal, once again, and he's reportedly looking to get another extension done. And what's that deal going to cost?
Well, let's factor in some recent signings.
Derek Carr just received a five-year, $125,022,481 deal that includes a $12,500,000 signing bonus, $70,200,000 guaranteed, and an average annual salary of $25,004,496 from the Raiders. He is now the highest paid player in the NFL as one of it's best quarterbacks.
, an unproven young quarterback with just 11 passes thrown over the past two seasons, signed a three-year, $45 million contract with the Chicago during free agency this March.
No matter what end of the spectrum you're on, quarterbacks are expensive. So how expensive will Rodgers be?
According to Joel Correy, here's what to expect a renegotiated deal for Rodgers would look like:
"The salary cap was $123 million when Rodgers signed his current deal, which contained $54 million in guarantees, of which $44.5 million was fully guaranteed at signing. Assuming a $180 million salary cap next year, a deal equivalent to Rodgers' existing one would average slightly over $32 million per year and contain almost $80 million in guarantees, where $65 million is fully guaranteed at signing."
At the end of the 2017 season, entering his last year under his current contract, Rodgers will be 34 years old. Depending on the term of the deal, how much longer will he be worth that kind of money?
Make no mistake, Rodgers is one of, if not the, best quarterbacks in the NFL right now. What he may lack in Super Bowl rings, he makes up for statistically. He absolutely deserves to be one of the highest paid players in the NFL, the question really comes down to assessing the cost of keeping the highest paid player in the league on your team.
Let's face it, the chances Rodgers players for anyone else besides Green Bay are pretty slim. Still, the Packers are going to have some serious decisions to make when it comes to renegotiating Rodgers' contract in the next year or so.
Source: Joel Corry - CBS NFL · Photo Credit: KEYSTONE PRESS