Packers receiver Jordy Nelson has agreed to a four-year, $39MM contract extension, including $14.2MM guaranteed, tweets NFL.com’s Ian Rapoport. He says the deal will average $9.76MM and Nelson will receive a $11.5MM signing bonus.
On Thursday, Luke Adams relayed a report that Nelson was seeking $10MM per year, and provided perspective on Nelson’s standing amongst some of the league’s other top receivers. Ultimately, Nelson got what he was seeking at a number the Packers are probably happy with, too. In his story, NFL.com’s Kevin Patra says Nelson is “still a very good bargain for the Packers.”
In terms of guaranteed money, Nelson’s $14.2MM will slot just below the likes of Eric Decker ($15MM), rookie Mike Evans ($14.6MM) and Percy Harvin ($14.5MM) and above Golden Tate ($13.3MM) and Pierre Garcon ($13.1MM). The 29-year-old Nelson has established himself as one of the best receivers in the NFC, earning the role of Aaron Rodgers go-to man thanks to his consistency, dependability and playmaking. The departure of Greg Jennings did not affect Nelson’s production last season, as he totaled 85 receptions for 1,314 and eight touchdowns.
Now, the Packers will turn their attention to Randall Cobb, who is entering the final year of his rookie deal. In a Twiter exchange, two of the media’s most prominent salary cap experts, CBS’ Joel Corry and OverTheCap.com’s Jason Fitzgerald, provided instant reaction to the Nelson news and how it affects Cobb’s future. Corry says most teams do not have two high-priced receivers, adding, “If Randall Cobb views himself as a Percy Harvin type player, signing him to a contract extension will be extremely difficult.”