Why is Aaron Rodgers set to make $107.55 million in 2024?
It took some creative accounting to bring the former Packers star to the Big Apple, and by the look of things it’ll take a great deal more to pay him now he’s there.
With the former MVP now a member of the Jets’ roster, the focus has turned to what it took to make that happen and with that understood, it should come as no surprise that the numbers at the center of his move to New York, are eye-opening to say the least.
Rodgers set for huge payday in 2024
Though we can forgive you if you’re currently caught up in the 2023 NFL Draft, we’ve got some pertinent news about a member of the current generation, not one of the future’s. As you probably know by now, Aaron Rodgers is finally the New York Jets’ new quarterback. In exchange for Rodgers, the Jets had to cough up the No. 13 overall pick in this year’s draft, as well as a second-round pick (No. 42), a sixth-round pick (No. 207) and a conditional 2024 second-round pick (which becomes a first-round pick if Rodgers sees 65% of New York’s snaps). Believe it or not, they also had to let go of the No. 15 overall pick and a fifth-round pick (No. 170).
Now, this is where things get interesting. As per reports, Rodgers was about to embark on the second season of the three-year, $150 million contract which he signed with the Packers last offseason. Logically, there are two years and a total of $108.7 million remaining on that deal. How that money is to be allocated, however, is worth taking a look at. Reports indicate that the Packers converted Rodgers’ $58.3 million 2023 option bonus into 2024 salary i.e., he will now count against New York’s books for $1.165 million in 2023. On the other hand, he will count for a whopping $107.55 million in 2024.
Why would the Jets agree to such a deal?
As far as reports go, this was the only way the Jets could accommodate Rodgers on their roster to begin with. To that end, it’s worth noting that by agreeing to sign the restructured agreement, Rodgers actually saved his old team roughly $14.6 million in cap space this year as well. That’s quite a parting gift.
To be clear, there is no way that the Jets will be able to facilitate such a financial hit - remember $107.55 million - during the next season. Expect to see the franchise reworking his contract at some point between now and when the next season concludes. Indeed, you can count on it.