Differing reports came out of the Raiders’ effort (or lack thereof) to extend Josh Jacobs at the July 2023 franchise tag deadline. Multiple reports earlier this year indicated the Raiders made Jacobs an offer, the former rushing champion does not paint a picture of a notable effort on Las Vegas’ behalf to keep him.
The Packers gave Jacobs a four-year, $48MM deal, but the contract contains only $12.5MM (the running back’s signing bonus) guaranteed. Still, the Raiders’ offer was not believed to have approached where the Packers went for the five-year veteran. Jacobs also said he and new Raiders GM Tom Telesco did not speak before his Wisconsin departure.
“I never talked to the GM or none of that,” Jacobs said during an appearance on the Green Light with Chris Long podcast (via Yardbarker). “It just was what it was. At the end of the day, I told them, ‘Look, I’ve got every Raider record since I’ve been here, basically.’ And I’m like, ‘If y’all don’t have enough respect in me to sit me down and have a conversation, then we don’t have anything to talk about.’ It’s that simple, really.”
Jacobs, 26, is now tied to a fourth front office boss, in Green Bay’s Brian Gutekunst. The Jon Gruden-Mike Mayock regime drafted him in 2019, and the accomplished RB’s first round of contract negotiations came with Dave Ziegler in charge. The Raiders may or may not have come close to a Jacobs extension last July. A report indicated a $12MM offer — one that compared favorably to the Giants’ 2023 Saquon Barkley proposal — surfaced, while another indicated the team was not close on terms with its franchise-tagged RB. Regardless, the sides split shortly after Telesco’s hire.
The Raiders’ Telesco move, which came weeks before Jacobs’ contract officially expired, did not lead to a strong effort to retain Jacobs. This came a year after Telesco did not show interest in an Austin Ekeler extension, despite the versatile back’s interest in a new deal. Though, the Raiders are believed to have considered the former Telesco Chargers find in free agency this year. Ekeler ended up in Washington on a two-year, $8.43MM deal.
The Raiders did not have Jacobs’ services for the season’s final month; the five-year starter finished the season on the shelf due to two contusions. Nagging injuries cropped up at several points for Jacobs, though he dominated behind a middling Raiders O-line — en route to becoming the first Raider rushing champion since Marcus Allen‘s 1985 MVP season — in a 17-game 2022 showing. The Packers are likely to roster Jacobs for at least two years, with signing bonus prorations surpassing $9MM from 2025-27 and the RB due a $5.93MM bonus on Day 5 of the 2025 league year.
Las Vegas will save some money at running back, being set to use two-year Jacobs backup Zamir White as its starter. Alexander Mattison, who signed a one-year deal worth $2MM, is expected to back up White. Jacobs is replacing Aaron Jones in Green Bay, but the Pack both re-signed AJ Dillon and used a third-round pick on MarShawn Lloyd.
After three 1,000-yard rushing seasons, Jacobs will attempt to prove himself alongside Jordan Love and Co. in the NFC. He leaves Las Vegas ranking third in career rushing yardage (5,545) and rushing TDs (46) as a Raider. His 1,653-yard 2022 season trails only Allen’s ’85 showing in team annals.