The Green Bay Packers were able to free up a great deal of salary cap space this offseason. By extending Aaron Rodgers, the Packers were able to free up nearly $20 million of cap room. The Davante Adams trade freed up another $20 million. With these savings, Green Bay was able to re-sign De’Vondre Campbell and Rasul Douglas. However, they still have much work to do, and freeing up more cap space will allow them them to maximize the talent of their players in the short run. One way they can do that is by extending Jaire Alexander. One snag, though, is Jaire Alexander’s salary expectation in any extension.
Davante Adams isn’t the only Packer looking to be the highest-paid player at his position in the NFL. Had some conversations recently about Jaire Alexander, and I expect him to be the highest-paid CB on his next deal. Jalen Ramsey currently No. 1 at $20 million per year.
— Matt Schneidman (@mattschneidman) March 14, 2022
Will the Packers Extend Jaire Alexander?
One thing here is for certain: the Packers will TRY to extend Jaire Alexander. A team does not draft one of the best cornerbacks in the league and just let him go without trying. The question is CAN they extend Jaire Alexander. The answer to that question is “most likely.”
It’s easy to say that the Packers and Alexander have time to work out a deal. However, that is what people said about Davante Adams and the Packers. Now Adams is playing for the Las Vegas Raiders. However, things are looking a little brighter for the Packers now looking forward to 2023 than they were when they looked at 2022 and negotiating with Adams.
According to Spotrac, the Green Bay Packers have a little over $35 million in cap space for 2023. At this point last year, the team was looking at a massive cap deficit. Now, this $35 million will get smaller as draft picks and other free agents are signed. However, it does mean Green Bay has more wiggle room than before.
What does this mean for Jaire Alexander? A $20 million deal would eat up a huge portion of that cap space. Keep in mind, the Packers only have one safety under contract beyond 2022: Vernon Scott. There are many other needs. However, Alexander should and will be a priority to keep long-term. The Packers will likely pay him what he wants with a deal that is backloaded, as they have done with many players before.
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