FLORHAM PARK, N.J. — New York Jets quarterback Aaron Rodgers has signed a reworked contract during which he voluntarily diminished his wage by about $35 million over the following two seasons, a supply mentioned Wednesday.
Rodgers, 39, signed a two-year, $75 million contract that’s absolutely assured, a supply mentioned. He was because of make near $110 million in ensures on his earlier contract. That is an uncommonly giant pay minimize, one that can present monetary flexibility for the group over the following two years.
The settlement has been in place for weeks, awaiting Rodgers’ signature, a supply mentioned.
The NFL Community first reported the phrases of the deal.
Earlier Wednesday, Rodgers confirmed the reworked settlement in a post-practice media session. He would not disclose particulars, saying it might turn into public later within the day.
Rodgers, acquired in an April blockbuster commerce with the Green Bay Packers, reiterated his need to play multiple season with the Jets.
“The group gave up vital items for it to be only a one-year deal,” he mentioned. “I am conscious of that. … Something might occur with my physique or the success now we have this 12 months, however I am having a blast, so I actually do not see this as a one-year-and-done factor.”
Rodgers will obtain a $35 million roster bonus in 4 days, plus a $1.8 million wage. In 2024, his wage is $38.2 million.
Technically, the contract runs by means of 2027 as a result of it contains two choice years to attenuate the cap influence of the $35 million roster bonus, the NFL Community reported.
To facilitate his commerce to the Jets, Rodgers restructured his contract with the Packers in April, pushing a $58.3 million choice bonus (absolutely assured) into 2024.
Principally, the four-time NFL MVP was on the books for 3 months on the minimal wage in 2023 — solely $1.2 million in opposition to the cap. Whereas the low cap quantity offered flexibility for the Jets, it left a prohibitive cap cost in 2024 — $107.6 million.
Rodgers and the Jets agreed from the outset to remodel the deal.
From Day 1, Rodgers has talked glowingly in regards to the Jets. Wanting again on his transfer from Inexperienced Bay, the place he began for 15 years, Rodgers mentioned, “We have all turned the web page. It is a new chapter. I feel it is going to be thrilling for Inexperienced Bay, transferring on. It is undoubtedly been actually enjoyable for me out right here.”
The Jets, who’ve the NFL’s longest playoff drought (12 years), have been energized by Rodgers’ presence. Gamers and coaches have raved about his data of the sport and his all-in strategy.
“I imply, the man glows at nighttime,” coach Robert Saleh mentioned. “He is a fairly rattling good quarterback.”
Rodgers, who mentioned it was at all times his objective to play till at the least 40, has embraced the eye. He additionally has elevated the play of the offense, which completed twenty ninth in scoring.
“Change might be tough, for positive, particularly when it is that drastic — 18 years in a single spot,” he mentioned. “In case you can lean into it and embrace it, there’s some actually lovely issues on the opposite aspect.”
Rodgers mentioned he has adjusted his weight loss plan and coaching routine lately with the objective of extending his profession.
“Clearly, Tom [Brady] set the usual taking part in at 45, which is loopy, however much less loopy whenever you begin to get nearer to that since you nonetheless love the sport, and also you wish to be there doing it,” he mentioned. “In case you care for your self the correct method, you place your self ready to at the least entertain that thought.”