Quarterback Aaron Rodgers has signed an extension with the Green Bay Packers, general manager Brian Gutekunst announced Wednesday. The record-breaking four-year, $134 million extension could be worth up to $180 million in total money, a source told ESPN’s Adam Schefter.
Rodgers, who will be 40 years old when the deal expires after the 2023 season, praised the Packers on Instagram for an “amazing ride” late Wednesday afternoon. The extension includes nearly $103 million total in guarantees, another record amount, and has an annual average value of $33.5 million, according to Schefter.
The total maximum value of the deal is between $176 million and $180 million, based on $4 million in incentives tied to helping the Packers make the playoffs and finishing top three in quarterback rating, the source told Schefter.
An important feature of the deal for Rodgers was the cash flow in the first year, according to Schefter. Rodgers will receive $67 million by the end of the 2018 calendar year and an additional $13 million before March 17, 2019, according to Schefter.