General manager Brian Gutesaid said the Green Bay Packers had until Tuesday’s deadline to decide on quarterback Jordan Love’s fifth-year contract. The answer is no. The Packers declined to go that route, as reports have come out that the team signed the quarterback to a new contract Tuesday morning.
The Green Bay Packers sign Jordan Love
According to Adan Schefter with ESPN, the Packers agreed to terms with Love on a one-year deal worth up to $22.5 million. $13.5 of that will be fully guaranteed.
Packers and Jordan Love have agreed on a one-year contract extension worth up to $22.5 million, including $13.5 million fully guaranteed, per source. pic.twitter.com/OfW45KOu9m
— Adam Schefter (@AdamSchefter) May 2, 2023
The contract will allow Love to make more money in 2024 with incentives than he would have if he had signed the fifth-year option. It would appear Love would make less money if he didn’t hit those incentives.
Gutekunst said Saturday night that signing Love to a fifth-year deal was risky because the agreement is a high price tag for a quarterback with limited experience playing regular season games. This deal seems like the middle ground for the Packers and Love. Love will have the chance to show in 2024 that he’s worth more than the money he would have earned with the fifth-year option.
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