Jaire Alexander Reportedly Offered Restructured Packers Contract amid NFL Rumors

The Green Bay Packers have reportedly expressed interest in keeping cornerback Jaire Alexander on the roster in 2025.

According to Matt Schneidman of The Athletic, the Packers have proposed a restructured contract to Alexander, which "tangibly demonstrates their interest in retaining" him.

ESPN's Rob Demovsky reported in February that the Packers were open to trade offers involving Alexander, but nothing has come to pass thus far.

Demovsky followed up last month by reporting that what "once appeared to be a certain breakup" between Alexander and the Packers could potentially be reconciled, as the organization expressed a potential willingness to keep him in the fold.

Alexander, 28, has spent his entire NFL career in Green Bay, playing seven seasons for the Packers since they took him 18th overall in the 2018 NFL draft out of Louisville.

When healthy, Alexander has shown the ability to be among the top corners in the league, as evidenced by his two Pro Bowl nods and two Second Team All-Pro selections.

Alexander was named a Pro Bowler for the first time in 2020, and he followed that up with an injury-plagued 2021 campaign that saw him appear in only four games due to a shoulder injury.

Despite that, the Packers signed Alexander to a four-year, $84 million contract extension, which made him the highest-paid defensive back in NFL history in terms of average annual salary at the time.

The decision paid immediate dividends, as Alexander enjoyed the best season of his career in 2022, registering 56 tackles, 14 passes defended and a career-high five interceptions.

All signs pointed toward Alexander cementing himself as an elite, shutdown corner, but injuries have derailed his career.

In 2023, Alexander was limited to seven games due to back and shoulder injuries, as well as a one-game suspension for conduct detrimental to the team after he took part in a coin toss despite not being selected as a captain for that game.

Things didn't get much better for Alexander last season, as quad and knee injuries caused him to play in only seven games once again.

Alexander still managed two interceptions and seven passes defended in those seven games, but his durability issues coupled with a sizable contract made him a trade candidate this offseason.

Per Spotrac, Alexander is set to count $24.6 million against the salary cap this season and $27 million in 2026, which is a significant investment in a player who has missed a lot of time the past two seasons.

While trading Alexander may have been the Packers' intention when the offseason began, finding a team willing to take on his contract was always going to be a challenge.

Because of that, reaching an agreement with Alexander on a reworked deal, keeping him on the team and hoping for a bounce back in 2025 may be the smartest move available to the Packers.