The Green Bay Packers took a small, calculated risk by giving Jordan Love a one-year contract extension through May 2023. A year later, Love was on the verge of becoming one of the NFL’s highest-paid players .
Love originally signed a team contract worth $22.5 million with $13.5 million guaranteed. That was an immediate salary for a starting quarterback, but the Packers have a sizable salary cap for the 2024 season, making Love one of the best deals in the NFL if he lives up to his potential.
Jordan Love contract: $12.757 million in 2024, annual salary of $10.5 million. 2025 FAThe former first-round pick exceeded expectations. After a rough first half of the season, Love was statistically one of the best quarterbacks in football in the second half of the regular season.
Despite two straight losses in the divisional round, Green Bay has seen plenty from its quarterback. Packers general manager Brian Gutekunst acknowledged during his preseason press conference that extending Love will be a top priority this offseason.
There is no timeline for when a deal will be completed, but there is a new estimate for how much it will cost the Packers to complete the deal. The Green Bay Packers GM suggests a potential blockbuster deal and three possible trade targets.
Jordan love contract predictionsFanBuzz’s Matt Lombardo spoke with the NFL and executives about Love’s 2023 season and the expected cost of the contract extension. The consensus centered on Love, one of last season’s true NFL players, and the belief that he could be the new face of the Packers franchise.
As for the expected cost of signing a long-term deal, one agent suggested Love would be in the market for a new deal starting at $40 million per season. Another agent who represents several startup players said the prize would be $50 million a year if he represented Love.
Jordan Love’s stats (Weeks 11-18): 112.7 QB rating, 70.25% completion percentage, 7.7 yards per attempt, 2,150 passing yards, 18-1 TD-INT, 2 rushing touchdowns.
If Love signs a contract with an average annual value between $40 million and $45 million, he will immediately become one of the 10 highest-paid players in the NFL. However, at more than $50 million, he joins Packers quarterbacks Joe Burrow, Justin Herbert, Lamar Jackson and Jalen Hurts as the only NFL players making $50 million per year.
That may seem like an unreasonable price for a young defender, but that’s where the market is headed. Dak Prescott will receive more than $50 million in AAV in his next contract extension, while Kirk Cousins and Jared Goff will receive more than $45 million in AAV. Love’s exact price is unknown, but the Packers front office is willing to pay whatever it takes to keep their new franchise quarterback long-term.
