NFL Rumors: Aaron Rodgers to Make $107.55M in 2024 After Jets Contract Restructure

After reworking his contract to help the New York Jets' salary cap for this season, Aaron Rodgers is set to make a lot of money in 2024.

Per ESPN's Rich Cimini, Rodgers' total compensation for 2024 is $107.55 million after he agreed to push his fully-guaranteed $58.3 million option bonus to next year.

The compensation includes the $58.3 million option bonus, the original $47 million option bonus in 2024 from the contract he signed with the Green Bay Packers and a $1.21 million base salary.

One of the key talking points after Rodgers stated his intention to play for the Jets was his contract. The three-year, $150.8 million deal he signed with the Packers in March 2022 kept his base salary low each year but included multiple roster and option bonuses.

Prior to the Rodgers trade, the Jets had $8.6 million in cap space available. He was set to count $31.6 million against the cap.

NFL Network's Tom Pelissero noted Rodgers was going to sign a revised deal to help the Packers' cap. They are carrying $57.1 million in dead cap money this season, with Rodgers accounting for most of that sum ($40.3 million).

The $58.3 million option bonus for 2023 had to be picked up before the start of the regular season.

Cimini noted the $47 million option bonus, which becomes fully guaranteed on Feb. 16, 2024, can be spread out by the Jets for the remainder of the contract that runs through the 2027 season to lower Rodgers' cap hits.

According to Cimini, Rodgers would count $71.26 million against the cap in 2024 if the Jets pick up to the option bonus without doing anything else.

It's worth noting that Rodgers being owed such a significant amount of money next season could make it more likely he doesn't retire after the 2023 campaign. The four-time NFL MVP has already said he doesn't view this trade as "a one-and-done" anyway, but there's certainly a lot of financial incentive for him to keep playing in 2024.

The Jets agreed to swap 2023 first-round picks, along with sending a second- and sixth-round pick this year and a conditional second-round pick next year, to the Packers for Rodgers and a 2023 fifth-round pick.

The 2024 conditional second-round pick becomes a first-rounder for the Packers if Rodgers plays at least 65 percent of the snaps for the Jets this season.