Greg Jennings might officially be the last free agent to cash in this year, but he might not have done better than he was previously offered.
According to ESPN’s Josina Anderson, the new contract Jennings agreed to with the Vikings tonight is a five-year deal worth $47.5 million, with $18 million guaranteed. That also includes a minimum value of $27 million over the first three years.
That’s a great deal for a wideout who will turn 30 in September, except for one thing.
The Packers offered him more.
As we noted Wednesday (it only seemed like two weeks ago), the Packers offered a deal worth “roughly $10 million a year,” according to Jason Wilde of ESPNWisconsin.com.
That offer was made “a while ago,” according to Wilde, or more accurately, at a time when Jennings thought he could do better.
But with a generally soft market for all free agents (except the ones that sign with the Dolphins or Titans), that wasn’t coming.
So Jennings comes in with an average per year (such that it matters) of $9.5 million, which he might have been able to top if he hadn’t insisted on seeing what the market would bear.