The Green Bay Packers and quarterback Jordan Love have come to terms on a lucrative four-year contract extension worth $220 million, according to sources familiar with the deal. This agreement also includes a record-setting $75 million signing bonus and $155 million in new full guarantees, establishing Love as the highest-paid quarterback in the NFL.
With this new contract, Love joins the ranks of other top-paid quarterbacks such as Trevor Lawrence and Joe Burrow, all earning $55 million annually. This places Love ahead of quarterbacks like Tua Tagovailoa, Jared Goff, Justin Herbert, and Lamar Jackson in terms of yearly earnings.
The negotiation process ended Love’s “hold-in,” as he had initially decided to skip practice until a new contract was secured. However, Love reported to training camp on time and will be fully participating in team activities moving forward.
Despite the significant financial commitment from the Packers, signing Love to this deal is not without its risks. At 25 years old, Love is entering his second season as the Packers’ starting quarterback following a successful first season where he led the team to a surprise playoff appearance. In 17 regular-season games, Love threw for over 4,000 yards, 32 touchdowns, and 11 interceptions.
The decision to extend Love’s contract reflects the Packers’ long-term vision for the franchise. After drafting Love in the first round of the 2020 NFL Draft, the organization remained patient as he developed behind Aaron Rodgers. The hope is that Love can continue the legacy of Hall of Fame quarterbacks in Green Bay, following in the footsteps of Brett Favre and Rodgers.
While Love’s performance in his first year as a starter showed promise, there is still much for him to prove in order to solidify his place among the elite quarterbacks in the league. The Packers have shown confidence in Love’s abilities, and their investment in him speaks to their belief in his potential.
As the Packers gear up for the upcoming season, the extension of Jordan Love’s contract represents a significant moment for the franchise. With a talented young quarterback at the helm, Green Bay is looking to build on their recent success and continue their pursuit of a championship.