MAY 3: We received a few details on Love’s new contract, thanks to ESPN’s Field Yates. The deal includes a $8.79MM signing bonus, helping him come into an extra $7.5MM of cash this year. His base salary will be less in 2023 ($1.01MM) than it was scheduled to be ($2.30MM), but the deal has escalators in 2023 that could add a potential additional $9MM to his base salary in 2024, which is currently valued at $5.5MM fully guaranteed. The escalators are tied to playing time, team wins, team stats, and more. He’ll also receive a $500K workout bonus in 2024.
MAY 2: Rather than picking up Jordan Love‘s fifth-year option today, the Packers have inked their new starting quarterback to a one-year extension keeping him in the fold through 2024, per Tom Pelissero of NFL Network (Twitter link). 
ESPN’s Adam Schefter adds (via Twitter) that the contract has a maximum value of $22.5MM, and includes $13.5MM fully guaranteed. Had Green Bay elected to simply pick up Love’s option, he would have been tied to a fully-guaranteed salary of $20.27MM next season, meaning this agreement could yield higher earnings for the unproven 24-year-old.
How the Packers planned to handle Love’s short-term financial future was a key storyline leading up to today’s deadline. Recent remarks from general manager Brian Gutekunst reflected the unique position the team found itself in regarding its commitment to a quarterback with only one regular season start in three NFL seasons. With this deal now in place, Love’s cap hits can be spread out evenly over the course of his two-year audition period.
That will become particularly important in 2024 if the Utah State product fails to live up to expectations and the team feels obliged to bring in veteran competition following his 2023 campaign. For now, though, Love can move forward with a greater degree of certainty regarding his future in Green Bay as he prepares to begin the task of succeeding Aaron Rodgers.
The latter’s trade to the Jets officially paved the way for Love – whom the Packers traded up in the 2020 draft to select 26th overall – to take on the starting role. The team has remained consistent in their praise of him during the offseason, and he will have a number of additions around him on offense in 2023. Green Bay once again looked to the defensive side of the ball in the first round of the draft, but they also selected a pair of tight ends and three receivers to with the rookie pass-catchers brought in last year.
The Packers also exited the draft with a new quarterback in fifth-rounder Sean Clifford, but all eyes will be on Love this season as he faces about his ability to operate as a clear-cut starter. Regardless of how he fares, he will be in place for 2024 as well at a relatively reasonable cost.
Love has more starts than Rodgers did before being named 1st string QB
Cool. Rodgers was still considered a safer and better option then, than Love is now. For his, the team’s, and GB fans sake, let’s hope he’s even an above average qb.
Somehow, even if he stinks Gute will probably keep his job though.
Well thats some revisionist history if i ever saw it. In fact, the fans hated that the team was moving on to Rodgers, they all wanted Favre back and they booed Rodgers at family night. Rodgers was in the very same position Love is in right now.
He said Rodgers was a safer and better option (which is true) and you cited fan opinion for why he was wrong. Fan opinion means nothing. There’s no revisionist history going on here.
Who else’s opinion are we basing anything on? Because obviously the team is pretty confident moving forward with Love much in the same way they were confident moving forward with Rodgers back then. The only people criticizing the move are the fans, much in the same way its the commenters opinion that Rodgers was more prepared back then than Love is now. Is anyone else in the building to see if that is actually the case, if not then you are also citing “fan opinion” there Einstein.
The team is confident in saving $, not that they’re better off with Love….. Come on reading isn’t hard, ‘Einstein’….
@cuban1: experts, talent evaluators, scouts, GMs, people who are actually around the game. Those people were confident in Rodgers. People were hyped for Rodgers. Love may end up being great, but Rodgers was a safer bet. No one cares if the doofus fans in Green Bay booed Rodgers on family night.
Yup. Im sure you can find proof of all this right? that “experts, talent evaluators, scouts, GMs, and people are around the game” were all confident in a guy who had thrown all of 59 passes in 3 years, and been injured multiple times in that same time span to replace a future HOFer who had just had one of his better seasons and led the team to a 13-3 record. You’re not just making all this up are you?
Also, we’re just going to pretend as though all the “experts” werent pegging Rodgers as a product of Jeff Tedford? And yet, all those same “experts” with as much game film to watch as the regular fan all of sudden were in agreement that the Packers were in good hands with Rodgers despite the lack of NFL success from any Tedford pupil.
Rodgers was not at all in the same place Love is now.
Favre had started to waffle on retirement already by this point. That brought the team to decide to make the Rodgers pick when he fell into their lap.
Love didn’t slide, in fact the team moved up to get him. It is a very different scenario that is much more nuanced.
No, not all fans. Many were tired of the Favre Drama Show for three years too.
Arent a bunch of people tired of the Rodgers drama show as well?
Now Love gets to prove he is the guy this year.
So, we have to wait and see if Love gets booed, and more or less, on family night, to determine which is/was the safer bet to be a productive or above average qb in the nfl?
Well, that went from Green Bay looking sort of dumb to a pretty clever solution…
They still look dumb.
They won’t look dumb when Love develops into an All-Pro and is with the packers next 14-15 years.
No way you typed that without laughing out loud.
Boom!
The comment section is astute as always…
Clearly this deal was about done when he said that, probably being somewhat sarcastic in his comment
Love will be fine. The poor last season at Utah State was due to poor coaching. Anderson, at that point in time, was unable to coach a dog to bark.
Love will be fine. The poor last season at Utah State was due to poor coaching. Anderson, at that point in time, was unable to coach a dog to bark..
This deal really only benefits the Packers. Why would Love go for it? Sure the possibility exists for him to make $2mm more, BUT, the guarantee is $7mm less. Meaning if Love gets hurt, sucks, or is able to be replaced he loses $7mm. This to me means the Packers want to see what he does this season as they are still not committed to him long term. If I was Love I would have said either sign me to 5th year option or decline it and I’ll take my chances. Much like Daniel Jones did.
Obviously neither side believes in Jordan Love.
If they declined his 5th year option then his 2024 guarantee was $0.
It’s one thing to believe in your abilities. But it’s another to be blind to the risks of the position.
They didn’t deny his option, they ‘extended’ him through it…
Dexxter’s answer was hypothetical on the premise that Love was not amenable to GB’s offer. If he’s betting on himself, this is a win-win. Granted, the ultimate roll-the-dice move would be counting on himself to have a Jalen Hurts-like season after getting the job to the point where GB would have to franchise him.
Love went for this because his agent gave him good advice. The advice? Take it. Doubtful he’d fine a better deal elsewhere plus familiarity in the landing spot with only one game played in 3 years gives him the best chance to possibly excel.
There was no way that the Packers were going to decline his option. They are a win now team who just traded away a first ballot HOF who can still play at an at least above average rate, for an relatively unknown commodity in Love. Not giving him the 5th year option what would have been their choice at QB in 2024? They would not finish low enough to draft a top level QB, and having to overpay for a FA would not be good for their salary cap. Rather now they Love for 2 years at a low QB cost, and if he craps the bed next season, they can move on with minimal cap hit in 2024.
Does anyone in GB’s front ofc know what they are doing? Asking for a friend…
In the last 30 years they have had two, count them two starting QBs. We have to give them the benefit of the doubt, but, I sure hope they are wrong!!!
You think signing love to a below market contract is the front office not knowing what to do?
Love’s benefit is the opportunity to start. If he didn’t they would decline his 5th year, sign or trade for a bridge QB and he would go into free agency with little experience and no leverage.
Smart move for.both parties
He’s gonna be so bad it’s gonna be so much fun to watch from a far.
Sounds like you will Love it
Lol I liked that one
Where is that video clip of Gene, Gene the Dancing Machine!
This move was a good move for both parties.
For Love: team shows confidence in you by in essence picking up your fifth year option. They give you a chance to make more money than you would on the option.
For Packers: You have your QB with a fifth year option but the cap hit is essentially one player less, allowing some flexibility in 2024 when dealing with the last bad cap year. Allows team to get weapons and set themselves up for contracts coming due in 2025/2026.
Love It !
It must be pretty exciting for Jordan to know that in just 15 more years he’ll be the next Packer QB to join the Jets.
And in 16 years a Viking.
The Packers have been the luckiest team in NFL history with regards to quarterbacks; it is more common to be constantly looking for the next QB to replace the current bum under contract. Here is hoping that Jordan Love is the second coming of Randy Wright or maybe Don Majkowski!
I am not saying Majkowski had a good career but…he will always have 1989 when he led the NFL in passing yards and was a Pro Bowl player. Maybe you should have cited Scott Hunter?
I’m rooting for the kid. He’s in a tough spot and from my neck of the woods.
Glad he got life changing money and a shot to play. Now it’s up to him.
LOVE…to have Rodgers back.
No packers fans want rodgers back.
Makes sense from a purely financial standpoint, but it sort of indicates they wanted to get some of Love’s money off the books in case he stinks the place up and he gets sent back to the bench in 2024.
As a long time (50+ years) Packers fan, I’m all for giving Love his shot. It was time to move on, get younger, reload the offense, and see how the next couple years unfold. The Favre-Rodgers era was incredible, but fans, myself included,suffered through many bad Packers teams prior to that.
I don’t have high expectations, but I am anxious to see how the next couple seasons play out.
that’s realistic.
the kid might be great.. but probably a good idea to mentally prepare for a rebuild
From the Packers perspective, he should change his name to Jordan Like. No fully guaranteed 5th year option, here’s a reduced guarantee and some performance incentives.
The Packers are on a roll, fleece the Jets and now this.
Well even if Love doesn’t pan out and the Pack really stinks in 2024, just think of the low 1st rounder they will have and with the 1st rounder they will probably receive from the Jets not a 2nd rounder, they can package something to get the number 1 and win the Williamson prize Q.B out of U.S.C.
Good move by the Pack, imho.
FWIW, has Love done anything that Trey Lance hasn’t done? Someone should step forward for Lance. Trade for him, and give him the same type of deal.
Lance and Love are two different circumstances. The Niners traded up to get Lance to be their starter now. Injuries and performance have prevented that from being a done deal.
Love was drafted as an eventual replacement for Rodgers, but hasn’t been overly impressive in his few in game appearances.
I don’t think anyone is going to over reach to take Lance off of the Niner’s hands unless he has a particularly good showing in games. By over reach I mean offer more than 3rd round compensation.
Vegas Over/Under win total projection for the Packers: 7.5
I’ll take the under.
8 wins is an average season by NFL standards, beating 7.5 seems inevitable