Jets’ Aaron Rodgers takes pay cut, agrees to new two-year, $75 million guaranteed contract, per report

This offseason, the New York Jets traded several picks to the Green Bay Packers in exchange for four-time MVP quarterback Aaron Rodgers, but there was still work to do on the financial side. In order to make the trade a reality, Rodgers agreed to move a $58.3 million option bonus to 2024 — which meant that he would be owed more than $107 million in 2024, per Pro Football Talk. Monies had to be adjusted, and on Wednesday, Rodgers agreed to his new deal.

Per NFL Media, Rodgers has agreed to sign a two-year deal with $75 million guaranteed through 2024. Tom Pelissero notes that this new contract is technically a five-year deal, but includes two option years to spread out bonus proration. The 2023 cap number is reportedly just under $9 million, which gives the Jets some flexibility to build their roster.

Rodgers had nearly $110 million guaranteed on his old contract, and is taking a pay cut of more than $30 million to play for New York. 

“The team gave up significant pieces for it to just be a one-year deal,” Rodgers said, via ESPN. “I’m aware of that. … Anything could happen with my body or the success we have this year, but I’m having a blast, so I really don’t see this as a one-year-and-done thing.”