Packers have agreed a 1 year extension with Love

[HisRoyalSweetness]

Packers, Jordan Love agree to one-year contract extension

The Green Bay Packers and quarterback Jordan Love have agreed to terms on a one-year contract extension that makes his deal run through 2024, according to a person familiar with the situation.

The person spoke to The Associated Press on the condition of anonymity because the extension hasn’t been announced.

Although the person didn’t reveal terms, ESPN and NFL Network reported that the extension included $13.5 million in guaranteed money and could be worth up to $22.5 million.
...

Tuesday marked the deadline day for teams to decide whether to pick up the fifth-year options on contracts for their 2020 first-round draft picks. The fifth-year option on Love’s deal would have been worth about $20.3 million.

Packers general manager Brian Gutekunst had been asked Saturday after the draft about the option and that coming deadline.

“It’s a lot of money for a guy who hasn’t played, but at the same time, obviously we’re moving forward with him,” Gutekunst said at the time. “So we’ll figure that out by Tuesday.”

The two sides instead agreed on this extension.
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Full article: https://chicago.suntimes.com/2023/5/2/2 ... -extension

[wab]

Interesting. You don't see this a lot...a player taking a one year extension for less money than the option year. In fact I don't think I've ever seen it.

[Bearfacts]

Somewhat of a lack of confidence on GB's side for sure if not on Love's side as well. Kind of a go along to get along decision.

[RichH55]

Its a smart contract for the club

They didn't Jacob Brisket it

[LacertineForest]

I'm not quite sure I understand it from Love's perspective, though - seems like he let the Packers give him a lesser deal than his 5th year option would have been worth for basically nothing. What were the Packers going to do if he said, "no, I've been a good soldier - I want something for helping you out of your stupid contract decision with Rodgers"? If he sucks, they're just going to cut him and draft a new guy. I would think Love could have asked for a bit more in return for helping them out, but maybe I'm missing something.

[Moriarty]

I'm not quite sure I understand it from Love's perspective, though - seems like he let the Packers give him a lesser deal than his 5th year option would have been worth for basically nothing. What were the Packers going to do if he said, "no, I've been a good soldier - I want something for helping you out of your stupid contract decision with Rodgers"? If he sucks, they're just going to cut him and draft a new guy. I would think Love could have asked for a bit more in return for helping them out, but maybe I'm missing something.

If they cut him, he gets less somewhere else as a reclamation project.

And (highly drafted but not established as quality) QBs never get the same amount of time and opportunity anywhere else than they do with the team that drafted them.

[LacertineForest]

I'm not quite sure I understand it from Love's perspective, though - seems like he let the Packers give him a lesser deal than his 5th year option would have been worth for basically nothing. What were the Packers going to do if he said, "no, I've been a good soldier - I want something for helping you out of your stupid contract decision with Rodgers"? If he sucks, they're just going to cut him and draft a new guy. I would think Love could have asked for a bit more in return for helping them out, but maybe I'm missing something.

If they cut him, he gets less somewhere else as a reclamation project.

And (highly drafted but not established as quality) QBs never get the same amount of time and opportunity anywhere else than they do with the team that drafted them.

I understand that if they cut him it's because he wasn't very good and he's got to try and catch on somewhere else, which likely won't work out very well for him (for the reasons you mentioned).

What I maybe don't get is his actual value to the team this year - seems to me like they need him this year, so he should try to capitalize on that and get more guaranteed money over the two years (at least as much as the 5th year option would have given him).

For example, if the Packers had picked up the 5th year option, they would have owed him around $20MM this year, right? If he sucks and they cut him next year, he would still have earned that money. With the new deal, he's only guaranteed $13MM if that same scenario happens. To me, that's $7MM he left on the table for nothing. If he does perform well, he earns roughly the same amount of money (over 2 years, though) AND he gives them another year to work out a contract instead of putting the pressure on GB to get one done this year. I also understand that he can't control the Packers not picking up his option, but it seems like the 5th-year option should have provided a baseline for negotiations.

Am I reading this wrong? Is it just the "unknown" factor that reduces his value so much? Seems to me that the new deal offers him no upside, other than just having $13MM guaranteed no matter what happens.

[RustinFields]

I'm not quite sure I understand it from Love's perspective, though - seems like he let the Packers give him a lesser deal than his 5th year option would have been worth for basically nothing. What were the Packers going to do if he said, "no, I've been a good soldier - I want something for helping you out of your stupid contract decision with Rodgers"? If he sucks, they're just going to cut him and draft a new guy. I would think Love could have asked for a bit more in return for helping them out, but maybe I'm missing something.

If they cut him, he gets less somewhere else as a reclamation project.

And (highly drafted but not established as quality) QBs never get the same amount of time and opportunity anywhere else than they do with the team that drafted them.

Yes, but if you get some game time, you then get the greatest gift of all, which is a lifetime as a journeymen backup! You still make millions and get to keep your childhood memories. Nathan Peterman and Mike Glennon, I'm looking at you.

[pus]

If they cut him, he gets less somewhere else as a reclamation project.

And (highly drafted but not established as quality) QBs never get the same amount of time and opportunity anywhere else than they do with the team that drafted them.

Yes, but if you get some game time, you then get the greatest gift of all, which is a lifetime as a journeymen backup! You still make millions and get to keep your childhood memories. Nathan Peterman and Mike Glennon, I'm looking at you.

This is true.

[southdakbearfan]

From what I have read it isn’t a pay cut, but the contract is actually a bit higher, the bonus’s allow to move the cap hit to the following season.

This makes sense given Roger’s $50 million dead cap hit this season, to free up space for 23 and move a large potion of Loves cap hit to 24 when Roger’s is off the books.

[RichH55]

If they cut him, he gets less somewhere else as a reclamation project.

And (highly drafted but not established as quality) QBs never get the same amount of time and opportunity anywhere else than they do with the team that drafted them.

Yes, but if you get some game time, you then get the greatest gift of all, which is a lifetime as a journeymen backup! You still make millions and get to keep your childhood memories. Nathan Peterman and Mike Glennon, I'm looking at you.

I'm looking at Chase Daniel and Charlie Whitehurst - they nailed the assignment more than anyone.

[RustinFields]

Yes, but if you get some game time, you then get the greatest gift of all, which is a lifetime as a journeymen backup! You still make millions and get to keep your childhood memories. Nathan Peterman and Mike Glennon, I'm looking at you.

I'm looking at Chase Daniel and Charlie Whitehurst - they nailed the assignment more than anyone.

So many years in the league with so few starts for the both of them. I'd love to see backup QB's charted that way, would be a weirdly fascinating breakdown.

[wab]

Yes, but if you get some game time, you then get the greatest gift of all, which is a lifetime as a journeymen backup! You still make millions and get to keep your childhood memories. Nathan Peterman and Mike Glennon, I'm looking at you.

I'm looking at Chase Daniel and Charlie Whitehurst - they nailed the assignment more than anyone.

Chad Henne too

[Arkansasbear]

I'm not quite sure I understand it from Love's perspective, though - seems like he let the Packers give him a lesser deal than his 5th year option would have been worth for basically nothing. What were the Packers going to do if he said, "no, I've been a good soldier - I want something for helping you out of your stupid contract decision with Rodgers"? If he sucks, they're just going to cut him and draft a new guy. I would think Love could have asked for a bit more in return for helping them out, but maybe I'm missing something.

If he doesn't take it and the don't use the 5ht year option, I guess he runs the chance of he stinks it up this year and when he contract ends, he gets basically nothing. I he takes a few million less to make sure he gets at least another $13M.

[RichH55]

I'm looking at Chase Daniel and Charlie Whitehurst - they nailed the assignment more than anyone.

Chad Henne too

He actually played some though- was never Caleb Hanie out there.

Charlie in the NFL 2006-2016? Started 9 Games?

Thats impressive