Jordan Love deal becomes a win-win for player, Packers

Green Bay Packers v Philadelphia Eagles
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If the Packers had picked up Jordan Love‘s fifth-year option, they would have owed him $20.3 million fully guaranteed for 2024. If they hadn’t, the team’s starting quarterback would have been due only $2.298 million for 2023, with no commitment beyond this season.

The one-year extension that replaced the fifth-year option became a win-win for player and team.

Via Albert Breer of (and confirmed by PFT), Love gets the following terms on his new two-year deal:

1. Signing bonus: $8.788 million.

2. 2023 base salary: $1.01 million, fully guaranteed.

3. 2024 base salary: $5.5 million, fully guaranteed.

4. 2024 workout bonus: $500,000.

5. 2024 escalators: Up to $9 million.

That’s $15.8 million over two years.

Breer separately posted the triggers for the $9 million in escalators.

1. $500,000 for 65 percent of the snaps.

2. $1 million for making the Pro Bowl.

3. $500,000 for 65-percent playing time and making the playoffs.

4. $500,000 for 65-percent playing time and winning one playoff game.

5. $1 million for 65-percent playing time and winning the conference championship.

6. $1 million for 65-percent playing time winning the Super Bowl.

7. $500,000 for 65-percent playing time and top 10 in passer rating.

8. $500,000 for 65-percent playing time and top 10 in completion percentage.

9. $500,000 for top 10 in touchdown passes.

10. $500,000 for top 10 in passing yards.

11. $1 million for 65-percent playing time and: (a) 10 or more wins; (b) playoff appearance; or (c) top 10 in passer rating and touchdown passes.

12. Up to $1.5 million, with $500,000 available under up to four different markers: (a) 65-percent playing time and top 16 in passer rating; (b) 65-percent playing time and top 16 in completion percentage; (c) 65-percent playing time and top 16 in passing yards; and (d) 65-percent playing time and top 16 in passing. (Breer’s list doesn’t specify a category of passing; he likely means passer rating.)

To get to the full, maximum, two-year payout of $24.8 million, Love has to among other things lead the Packers to a Super Bowl win. That would obviously make it money very well spent.

He’s likely going to make less than he would have made under the fifth-year option. But he’s emerging with significantly more financial security than he would have had under the final year of his rookie contract.

Some players might have refused this offer, telling the Packers to make a decision on the fifth-year option and to live with the potential consequences. The Packers guessed right that Love would opt for a bird in the hand because, frankly, if he has the kind of year that will unlock the bulk of the escalators for 2024, he would have been in line for a much more lucrative deal next March, from the Packers or someone else.

23 responses to “Jordan Love deal becomes a win-win for player, Packers

  1. Let’s be honest, if they really were convinced he was the QB of the future, the 5th year option is a no-brainer and any extension would be trying to get him signed long term.

    Packers had to do this deal as a hedge for when he flops.

  2. I’m surprised Daniel Jones and Tua didn’t get similar deals.

  3. If Love had any confidence in himself he would have forced us to franchise him. Taking this deal tell you a lot about him.

  4. It makes the haters bitter that the Packers AND Love made a smart move here. It mitigates both of their risk. It helps the Packers cap this year. It gives Love more money up front. And it shows they both think there’s going to be a long term relationship. I like it. Those convinced that Packers leadership are clowns or that Love is a bust will take potshots,….but, sorry, smart move by both.

  5. It becomes a win-win IF he can do the job.

    It becomes a win (for him) – lose (for GB) if he cannnot do the job.

    I am betting on the win-lose!

  6. IF the Packers make the playoffs in either of the next 2 seasons, several players will be earning huge paychecks. Reality is they went all in for 3 straight years mortgaging their future and flopped. They have no choice to become a young team and hope they grow together. 2023 will be a bad year. 2024 will show if the kids desire to win or just make money.

  7. Its only a win for love if he turns out to not be very good which is probably why he accepted the deal

  8. All he had to do was play at a Daniel Jones level of play next year and he’d be in line for a $40 million per year contract. Seems like a bad decision on his part

  9. There’s no reason at all not to believe that Jordan Love will be the best QB in the NFC North this year.

  10. Really is a win-win for the player and the team. 5th yr option for someone who has only started one game in his career was not feasible. Looking forward to Love doing good things next year and patience as this extremely young team grows. An exciting year lies ahead with alot of growing pains. Another draft and reload in 2024 with two first round picks will push them back into contention.

  11. If Love performs to a level that would earn him all or nearly all of the incentive money, he’ll certainly end up signing a further contract extension that goes way beyond these numbers. That would be a further win-win-win, for Love, the Packers, and their fans.


  12. I’ve been hearing win-win coming out of Green Bay quite a bit lately.

  13. stellarperformance says:
    May 5, 2023 at 10:09 am
    I’ve been hearing win-win coming out of Green Bay quite a bit lately.

    because its the offseaon

  14. cheeseisfattening says:
    May 5, 2023 at 11:23 am
    because its the offseaon

    And? The off-season is when contracts and revisions are usually made, the draft takes place, training camp, preseason games, etc.. If you’re new to the game you might not know the off-season is also when most deals are done and coincidentally happens to be the subject.

  15. We got a win win situation in Minnesota. Kirk gets huge money and we got all those championship wins. Oh wait . . .

  16. stellarperformance says:
    May 5, 2023 at 12:50 pm
    cheeseisfattening says:
    May 5, 2023 at 11:23 am
    because its the offseaon

    Packer fans have the packers winning the off season every year. Congratulations on winning the offseaon championship yet again.

  17. Never fear, our Vikings will secure our coveted off season championship before long. Just the latest in an unbroken string of those trophies.

  18. It’s certainly a win for Love. I don’t see exactly how it’s a win for the Packers.

    They had the option of watching Love finally play this season at an extremely low 2.3 million, after which they could make the decision to cut him (not exercise the 5th year option) resulting in 0 dead cap, or sign him to a long term deal commensurate with his performance. What scenario would have ever lead the Packers to exercise the 5th year option?

    Instead they jumped the gun, gave a generous two year deal for a player who has shown little promise that results in that very palatable 2.3 million dollar cap hit being exchanged for an 11.5 million dollar cap hit.

    As I’ve said before, I can’t for the life of me understand why Pack fans give unlimited passes to this incompetent front office.

  19. I can’t, for the life of me, understand how us Viking faithful give our organization unlimited passes. 60+ seasons of never being able to win it all.

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