Breaking News: Packers confirm another brilliant QB deal worth $22.4-million after breakout 2023 season

Jordan Love patiently waited through four seasons of his initial rookie first-round contract before assuming the role of the Packers’ full-time starting quarterback. While Love is now committed through 2024, Green Bay is poised to reward the emerging quarterback handsomely following his breakout performance in 2023.

During the season, Love guided the Packers to a 9-8 record, secured a wild-card berth, and achieved a surprising first-round playoff victory. His impressive statistics included 32 touchdown passes, ranking second in the league, along with 4,129 passing yards, a robust 96.1 passer rating, and an average of 7.2 yards per pass attempt. Additionally, Love showcased his versatility by rushing for 247 yards and adding four more touchdowns.

Without a doubt, Love surpassed immediate expectations while stepping into the shoes of Aaron Rodgers, continually improving as the season unfolded. His overall performance marked an upgrade in both production and winning outcomes.

With Love successfully following in the footsteps of Rodgers and Brett Favre, the Packers seem to have found another franchise quarterback. Consequently, they are now faced with the inevitable task of compensating Love appropriately in terms of salary and contract duration. Let’s explore the anticipated salary increase and contract extension that Love can expect in the coming years.

Rephrase the contractual background of Jordan Love.

Jordan Love, selected as the 26th overall pick in the 2020 NFL draft, initially secured a four-year, fully guaranteed contract worth $12.383 million, inclusive of a signing bonus exceeding $6.5 million, binding him to the team until the conclusion of the 2023 season.

Following Aaron Rodgers’ departure to the Jets and Love assuming the starting role in 2023, the Packers chose not to exercise the fifth-year option valued at $20.27 million. Instead, they opted to revise Love’s contract, transforming it into a $22.4-million extension that spans until 2024.

In the recent season, Love received $13.5 million in guaranteed compensation, accompanied by an $8.788 million signing bonus. Additionally, he earned half of his salary escalators, adding an extra $4.5 million to his earnings.

Jordan Love career earnings

When summing up both the initial four-year rookie deal and the subsequent two-year extension, Jordan Love’s career earnings total $19.883 million, according to Spotrac. In the upcoming ’24 season, he is slated to receive a base salary of $10.5 million, with additional bonuses expected to elevate that figure to $12.757 million.

Jordan Love contract projection

Love has excelled in various quarterback metrics, ranking within the top 10 in touchdown passes, passing yards, passer rating, and yards per attempt among full-time starters. Despite his relative lack of experience, this performance is likely to elevate him from being a cost-effective option to commanding a top-10 quarterback salary soon. The current benchmarks for the highest average annual salaries are set by two fellow 2020 first-rounders, Joe Burrow ($55 million) and Justin Herbert ($52.5 million), both of whom secured five-year deals last offseason, mirroring the duration of contracts for other elite quarterbacks like Lamar Jackson, Jalen Hurts, Russell Wilson, Kyler Murray, and Deshaun Watson.