Report: Jets Acquire Aaron Rodgers' $58.3M Contract Bonus to Free Up $43.7M

Report: Jets Acquire Aaron Rodgers' $58.3M Contract Bonus to Free Up $43.7M

After acquiring potential Hall of Fame quarterback Aaron Rodgers from the Green Bay Packers on Monday, the New York Jets may generate enormous salary-cap room.

According to NFL Network's Ian Rapoport, the Packers will convert Rodgers' $58.3 million guaranteed option bonus into a signing bonus, generating $43.7 million in salary space and lowering his 2023 cost hit to $15.7 million.

Rapoport said that Rodgers expects to undergo his physical Wednesday, making the deal official before the 2023 NFL draft on Thursday.

According to ESPN's Adam Schefter, the Packers are trading Rodgers, the No. 15 overall pick in the 2023 draft, and a fifth-round pick (No. 170) to the Jets for the No. 13 pick, a second-round pick (No. 42), a sixth-round pick (No. 207) and a conditional 2024 second-round pick that becomes a first if Rodgers plays 65 percent of the Jets' offensive snaps in 2023.

The Jets had the longest postseason drought in the NFL at 12 seasons, five more than the Denver Broncos.

Last season, New York was 7-4 and in position to make the playoffs, but it lost its last six games to end 7-10 due to poor quarterback performance from Zach Wilson and Mike White.

The Jets traded for Rodgers, a 10-time Pro Bowler, four-time first-team All-Pro, four-time NFL MVP, and Super Bowl winner.

Rodgers, who turns 40 in 2023, went 8-9 in 2022 and passed for 3,695 yards, 26 touchdowns, and 12 interceptions.

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