Report: Packers make Love top-paid QB with 4-year, $220M extension

The Green Bay Packers are signing quarterback Jordan Love to a record four-year extension worth $220 million, sources told NFL Network’s Ian Rapoport.

With the reported deal, Love ties Joe Burrow of the Cincinnati Bengals and Trevor Lawrence of the Jacksonville Jaguars as the highest-paid quarterbacks in NFL history in average annual salary ($55 million).

Love’s new contract also includes a record $75-million signing bonus and $155 million in full guarantees, according to ESPN’s Adam Schefter. The 25-year-old is now signed through the 2028 season.

Love reported to training camp with the Packers this week and attended team meetings but wasn’t practicing while negotiating a new deal. He had only one season left on his contract after adding an extra year to his rookie deal during the 2023 offseason.

The former Utah State star is expected to sign his extension soon and be at practice for the first days of pads this weekend, a source told Tom Silverstein of the Milwaukee Journal Sentinel.

Green Bay – a team used to having all-time great quarterbacks – surprisingly drafted Love in the first round in 2020 while still having Aaron Rodgers on the roster. Rodgers won back-to-back MVP awards in 2020 and 2021, but the Packers traded him to the New York Jets last year.

Love stood out in his first year as a starter in 2023, doing more than enough to prove he’s the right quarterback to lead a promising Packers offense for the foreseeable future. Love – who entered last season with just one NFL start under his belt – passed for 4,159 yards and 32 touchdowns against 11 interceptions in 17 games in 2023. He also rushed for four TDs.

He threw five touchdowns across two playoff games to help the Packers reach the divisional round.

Love and Green Bay reportedly agreed to a contract extension on the same day the Miami Dolphins rewarded quarterback Tua Tagovailoa with a four-year deal worth $212.4 million.

Tagovailoa was also drafted in the first round in 2020. With Love, Tagovailoa, Burrow, Justin Herbert, and Jalen Hurts, the top quarterbacks taken in the 2020 NFL Draft have produced more than $1 billion in max value from contract extensions:

With Love and Tagovailoa now signed, Dallas Cowboys star Dak Prescott is the next quarterback expected to sign a massive deal. Prescott – whose current contract includes a no-tag and no-trade clause – has been negotiating an extension with Dallas and has one year left on his contract.