Jordan Love emerged as a standout in the latter part of the season, guiding the Packers not only into the playoffs but also securing a road victory against the Dallas Cowboys. His performance in the final stretch of the season positioned him as one of the most promising quarterbacks in the league.
On Friday night, Love and the Packers reached an agreement on a substantial four-year, $220 million contract extension, as reported by Yahoo Sports’ Jori Epstein. This deal sets Love up as the highest-paid quarterback in NFL history.
The Packers and Jordan Love have reached a four-year extension worth $220 million, source confirms to @YahooSports.
That’s $55 million per year for Jordan, with $155 million guaranteed and $75 million signing bonus. And Jordan will return to uniform… pic.twitter.com/a2O8ktcwvN
— Jori Epstein (@JoriEpstein) July 27, 2024
In addition, Love will receive a $75 million signing bonus, the largest ever in the league, with approximately $155 million of the contract being fully guaranteed.
Earlier that day, Miami Dolphins quarterback Tua Tagovailoa had also secured a significant deal, signing a four-year extension worth $212.4 million.
The extension reflects Love’s strong performance late last season. Although he attended OTAs with good intentions, he sat out training camp practices until the extension was finalized. With the contract now in place, the Packers are eager to see how far Love can lead the team.
A Unique Journey
The Packers’ journey with Love has been unconventional. Drafted in the first round of the 2020 NFL Draft while Aaron Rodgers was still on the roster, Love had to bide his time. Rodgers went on to win two MVP awards after Love’s arrival, leaving Love waiting for his opportunity.
After trading Rodgers, the Packers gave Love his chance. With his rookie contract nearing its end, the team devised a one-year extension worth up to $22.5 million, with $13.5 million guaranteed. Love struggled early in the previous season but then significantly improved, showing potential that prompted the Packers to reevaluate his contract situation.
The new extension aligns Love with the top quarterbacks in the league. While there is some risk given his limited experience—just 18 career starts—the Packers were clearly impressed by his performance during the latter part of last season.
Recent Performance
During the first seven games of last season, the Packers struggled with a 2-5 record, and Love’s performance was inconsistent. Packers general manager Brian Gutekunst had stated that Love would have ten games to prove he could be the team’s quarterback of the future.
In the final eight games of the season, Love excelled, throwing 16 touchdowns and just one interception. The Packers made a playoff run, with Love achieving a near-perfect passer rating of 157.2 in their playoff victory over the Cowboys. Although they lost the following week to the San Francisco 49ers, they led the game until the final minutes.
As Love prepares to build on his impressive late-season performance, the Packers are optimistic. His elevated status as the highest-paid quarterback reflects the team’s confidence in his ability to perform at an elite level.