Randall Cobb is back in Green Bay, and the veteran receiver is taking a pay cut. ESPN’s Field Yates reports (via Twitter) that Cobb has restructured his contract.
Specifically, Cobb and the Packers converted $4.075MM of the player’s $5.25MM salary into a signing bonus. The team also added a 2023 void year to the contract, thus dropping Cobb’s 2021 cap hit to $2.68MM. While this move will provide the organization with some much-needed breathing room this season, it will also exacerbate the team’s future cap concerns.
Earlier this week, Cobb was traded back to Green Bay, where he previously played eight seasons for the Packers. Green Bay gave up a 2022 sixth-round pick to the Texans, and Houston also picked up $3MM of Cobb’s salary in 2021 (providing the organization with even more financial relief). Cobb is currently playing on a three-year, $27MM deal that he inked with Houston.
The trade came at the request/demand of MVP Aaron Rodgers, who agreed to return to the Packers earlier this week. Without Rodgers’ insistence, it’s unlikely that this trade would have ever materialized. Cobb never played for Matt LaFleur and third-round wide receiver Amari Rodgers was already ticketed for much of the team’s slot work. Still, Rodgers wanted his old pal back and the Packers weren’t about to say no to him, or Cobb’s wealth of experience. Now, Cobb will join Davante Adams, Marquez Valdes-Scantling, Allen Lazard, Devin Funchess, and the other A. Rodgers on the WR depth chart.
How much cap space does GB have would trading for OBJ be better?
They don’t have any cap space. Like 1.2 million.
They actually have around $13.2 million in cap space which a significant amount to make more additions this offseason or during the season.
They won’t be adding anyone else this late in the offseason, barring injury. that cap space is not likely to be used for anything meaningful this year, but they’ll roll over some to next year.
This is not a pay cut.
That’s what I was thinking also, just a restructuring.
just made 7 mil in under a week.
Now about 55million over the cap next year without dad and or King signed…
Is there a good reason to care about King being a FA after this season? Or do you mean Alexander..?
All this talk about cap hits beyond 2021 is a bunch of nonsense given the doubling of the TV deal(s) just signed – as the players labor agreement says they get 48% of that money.
That’s not how this works. They set a cap ceiling for next year already and HB is looking at 55mil over without Adams and king
“this move will provide the organization with some much-needed breathing room this season”
Why do they need breathing room? Are they going to sign more players? Trade for somebody mid season?
Are you a mind reader? Off we had these answers please tell me what the lottery numbers are for the power ball please. No one knows what their going to do. Can use that money to extend someone. Can sign more players. Yeah could trade for someone… no one knows lol.
Even if Cobb has some success this transaction set a precedent that owners may well regret down the road. Nearly impossible to close a Pandora’s box once it’s been opened.
Well hooray for Rodgers. He’s got his buddy and probably the 5th or 6th receiver on the depth chart just to soothe his ego and make him feel important. How about coming up with an idea that might actually help the team, Aaron?
Did Rodgers bang your wife/gf, kill your dog and steal your lunch money when you were a kid? For someone so obsessed with calling him a whiner, you do PLENTY of it..that we don’t need Adam Schefter to verify (or make up).
Well, judging from your username, you’re hardly an objective commentor. Having said that, I don’t really have anything bad to say about your guy. He’s just like other franchise level players- They want what they want and if they don’t get it, they raise hell.
Sorry I didn’t change my screen name when the “factual” report from Adam Schefter came out. Oh wait, he admitted he made that up.
But ever since, this dude has whined about what a whiner Rodgers supposedly is. Just seems a tad ironic to me.
Oh, and my screen name..? It’s in reference to Rodgers Hail Mary’s, not an admittance of worship for him. All the cool names like rondon were taken.
You don’t actually think adam made it up so you? I’d bet that was his way of retracting so he stays close with his sources
Having Rodgers in your screen name, however “cleverly” you use it, still says fanboy.
Will Crybaby Aruin “ demand” he go with him to his next team. Also does he plan on throwing another incomplete pass this year when he is 3 yards from the goal line?
Sorry are you saying that Rodgers isn’t a good QB?
The Packers could actually put most of a reworked deal with Aaron Rodgers money in a bonus that would not go against the cap right now if they wanted… They could put a huge bonus on him snowing up for volunteer mini camp (most likely not to get) clause… Since he didn’t show up this year… And when/if he shows up all that money does not go against the cap!!!