A new, massive contract extension is expected for Green Bay Packers quarterback Jordan Love this spring, according to Ian Rapoport of NFL Network.
Love signed a two-year deal last May that Rapoport described as a “band-aid” contract as the 2020 first-round pick entered his first year as the starting quarterback in Green Bay. After a standout season and an elite stretch of play down the stretch, Love and the Packers are expected to figure out a lucrative new deal that will extend his contract well past the 2024 season.
“My understanding is that, as he enters the final year of his contract, again, the Packers and Love representation are expected to address this,” Rapoport reported on NFL Network Saturday. “This coming spring, do not be surprised if he does get that massive, franchise quarterback-type contract extension, and the further he goes in the playoffs, the richer he is going to be.”
Love’s current contract would pay only $11 million in total salary in 2024.
Any contract extension placing Love in the top 10 for average would cost the Packers $40 million per year in new money. The top five would require $49 million per year or more.
The timeline moving forward? A new deal can’t be finalized until a year after his previous contract, so the two sides would have to wait until May to officially sign the extension.
Love has already hit numerous incentives tied into his deal, including a top-10 finish in passing touchdowns and a playoff win.
Love threw 32 touchdown passes and went over 4,000 passing yards over 17 starts in 2023, becoming just the third first-year starter in NFL history to hit both benchmarks (Kurt Warner, Patrick Mahomes). He led the Packers to a 6-2 finish and playoff qualification as the No. 7 seed, and he stunned the Dallas Cowboys in the NFC Wild Card Round by throwing three touchdown passes and producing a near-perfect passer rating in the 48-32 win at AT&T Stadium.
Love and the Packers are in San Francisco to play the top-seeded 49ers on Saturday night. Another upset win — and an incredible run to the NFC title game — would only increase the cost of the Packers keeping Love in Green Bay long-term.