Packers, Jordan Love contract extension; 1-year worth $22.5M: report

MIAMI GARDENS, FLORIDA - DECEMBER 25: Jordan Love #10 of the Green Bay Packers warms up prior to a game against the Miami Dolphins at Hard Rock Stadium on December 25, 2022 in Miami Gardens, Florida. (Photo by Megan Briggs/Getty Images)

The Green Bay Packers and quarterback Jordan Love have agreed on a one-year contract extension worth up to $22.5 million, according to published reports. The extension makes Love's deal run through 2024. 

ESPN and NFL Network reported that the extension included $13.5 million in guaranteed money and could be worth up to $22.5 million.

The extension comes as Love prepares for his first season as the Packers’ starting quarterback following last week’s trade of four-time MVP Aaron Rodgers to the New York Jets.

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Tuesday marked the deadline day for teams to decide whether to pick up the fifth-year options on contracts for their 2020 first-round draft picks. The fifth-year option on Love’s deal would have been worth about $20.3 million.

Packers general manager Brian Gutekunst had been asked Saturday after the draft about the option and that coming deadline.

"It’s a lot of money for a guy who hasn’t played, but at the same time, obviously we’re moving forward with him," Gutekunst said at the time. "So we’ll figure that out by Tuesday."

The two sides instead agreed on this extension.

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Love is in his fourth year with the green and gold, having previously played for Utah State. According to Packers.com, Love played in six games with one start last season, completing 36 of 62 passes (58.1 pct.) for 411 yards with two TDs and three INTs (68.7 rating). He was inactive (third QB) for all 16 games and both postseason contests as a rookie in 2020.

Love will head a Packers quarterback room that also includes rookie fifth-round pick Sean Clifford from Penn State and 28-year-old Danny Etling, who has never appeared in an NFL game.

Associated Press contributed to this report.