Aaron Rodgers’ extension with Green Bay Packers includes $150 million over first three years

GREEN BAY, Wis. — The contract extension that quarterback Aaron Rodgers signed with the Green Bay Packers suggests there’s a good chance they will be together for at least the next two seasons.

The deal signed Tuesday, a week after he announced he would return to the team after contemplating his future, is essentially a three-year, $150 million deal that also includes two voidable years in 2025 and 2026 that help for salary-cap purposes, according to a copy of the contract obtained by ESPN. The team announced the extension but did not reveal the terms.

Rodgers, 38, had been on the books for a salary-cap charge of $46,144,156, but that figure has been reduced by about $18 million.

The reigning two-time league MVP will make $41.95 million this season, which is fully guaranteed in the form of a $40.8 million roster bonus (which will be treated as a signing bonus for salary-cap purposes) and a base salary of $1.15 million. His 2023 pay of $59.465 million also is guaranteed. In 2024, his $49.25 million is guaranteed only against injury at the time of signing.

If Rodgers plays only one season and then retires, gets released or is traded in 2023, the Packers would have to absorb at least $68 million in dead money (and up to $99.8 million if it occurred before June 1) — another sign that the quarterback intends to play or has committed to playing at least two more seasons. In 2024, the dead money could be reduced to as low as $27.6 million.

A member of the Packers’ medical staff flew to see Rodgers over the weekend and administer the physical that is required before any contract is signed. Once that was completed, the deal was done.

“We are very pleased to be able to come to an agreement with Aaron that keeps him in Green Bay,” Packers general manager Brian Gutekunst said in a statement. “His play on the field and leadership in our locker room remain vital in our pursuit of another Super Bowl title. The agreement also allows us to maintain and enhance what we feel…