Green Bay Packers News & Rumors

Jordan Love and the Packers have yet to reach agreement on an extension. To little surprise, the ascending quarterback will not take part in training camp practices before a deal is in hand.

Love’s camp informed Packers general manager Brian Gutekunst on Sunday that he would not take the field until an extension agreement is reached (h/t Jason Wilde of the Wisconsin State Journal). Love will engage in a hold-in by attending camp and choosing not to take part in drills. The increasingly common strategy avoids fines being incurred, something which is the case for holdouts.

“I think so, but you never know,” Gutekunst said (via Wilde) when asked if a deal could be finalized in the near future. “We’re working really hard to get that done. It’s really important for us.”

Dianna Russini of The Athletic confirms both parties remain confident an agreement will be worked out shortly. Finances (as opposed to factors such as guarantees, term and cashflow) are believed to be the biggest remaining issue in this case as the Packers weigh the risks of a Love investment after less than one strong season of production against the cost of waiting for him to up his value further. When speaking publicly on Monday, Gutekunst noted (via Ryan Wood of the Green Bay Press-Gazette) the cap implications of a mega-deal is the primary cause in the ongoing delay.

Teams with major QB commitments on the books are indeed forced to make a number of important decisions at other positions. The Packers will still have a cost-effective offense at the receiver and tight end positions given their recent draft additions even when Love (due $10.5MM in salary this year) signs his next pact, but remaining flexible beyond 2024 is a major consideration on the team’s part. Nevertheless, Gutekunst’s remarks point to Love being the next signal-caller to land a lucrative new deal.

The 2020 first-rounder has long been expected to land an AAV above $50MM despite only taking over as starter at the start of last season. His strong finish to the campaign has put him firmly in Green Bay’s long-term plans, and both team and player remained hopeful an agreement would be in place before today. That has not proven to be the case, but Love remaining sidelined for practices could provide further incentive to get a deal over the finish line.

A trio of quarterbacks – Dak Prescott, Tua Tagovailoa and Jordan Love – are on track to see their respective teams’ training camps open without an extension in hand. In the latter case, a decision on Green Bay’s part may drive the next development on the negotiating front.

Mike Florio of Pro Football Talk reports in an update on where things currently stand between Love and the Packers that the ball is believed to be “in the team’s court.” Quarterback mega-deals take time to put together, and this case is a unique one given Love’s lack of playing time before 2023. His age (25) and play down the stretch and in the playoff last year has him in line for a contract near the top of the QB pecking order, though.

For much of the offseason, signs have pointed to Love joining the $50MM-per-year club. The 2020 first-rounder has a thinner resume than the other passers who occupy the top of the market, but he has received the backing of Green Bay’s front office regarding a long-term commitment. One year remains on Love’s pact, and he is due a base salary of $10.5MM in 2024 unless an agreement is worked out over the coming weeks.

Both team and player have expressed a desire to finalize an extension before training camp, a deadline which is fast approaching. Green Bay’s first practice is scheduled for Monday, and the lack of a deal could lead to Love attempting a hold-in (the approach by which players attend camp to avoid fines but do not participate). Florio notes that money – as opposed to structure – appears to be the primary “sticking point” with respect to negotiations.

Matters of length, guarantees and cashflow are key in any extensions, particularly QB contracts. Overall value is also a key element as it pertains to Love, though, given his inexperience prior to taking on the role of Aaron Rodgers‘ successor. Joe Burrow topped the market with an AAV of $55MM last offseason, a figure which Trevor Lawrence matched this spring.

Jared Goff, Justin Herbert, Lamar Jackson and Jalen Hurts are attached to deals worth between $51MM and $53MM per year. It will be interesting to see if Love joins their company in the near future, something which could also be driven to an degree by developments on the Prescott and Tagovailoa fronts. Green Bay’s next move (and the impact it has on negotiations) will be worth watching closely.