Jordan Love and Packers Bypass Fifth-Year Option, Agree on Extension
On the final day to decide on fifth-year options for players drafted in the 2020 NFL Draft, the Green Bay Packers and Jordan Love have agreed to a one-year extension to bypass that decision.
Tom Pelissero was first with the news this morning:
According to ESPN’s Adam Schefter, Jordan Love, and the Green Bay Packers agreed to a one-year extension worth up to $22.5 million with $13.5 million fully guaranteed. Love’s extension will keep the fourth-year quarterback with the Packers through the 2024 season and give them a longer runway to negotiate a long-term extension.
Under the CBA, Love was in line to make $20,272,000 in 2024 if the Packers had exercised the fifth-year option on the former first-rounder who will replace Aaron Rodgers.
When asked about Love’s impending fifth-year option after the NFL Draft, Packers GM Brian Gutekunst had this to say:
“Yeah, I’ve got to figure that out by Tuesday, I guess, yeah,” Gutekunst said. “We’re kind of still working through that. We’ve been so focused on the draft. We’ve had some preliminary conversations, but we’ll get to that before Tuesday. Again, I’ve got to get through that,” Gutekunst said. “It’s a lot of money for a guy who hasn’t played. But at the same time, obviously, we’re moving forward with him. So, we’ll figure that out by Tuesday.”
This extension gives Love more earnings potential but reduces the amount of guaranteed money that Green Bay is on the hook for, a compromise that worked for both sides.
Love has thrown for 606 yards, three touchdowns, and three interceptions in limited action playing behind Rodgers since being drafted.