Aaron Rodgers is signing a contract extension Wednesday that will make him the highest-paid player in the NFL, according to a report from ESPN.
Adam Schefter initially reported Wednesday afternoon that a source told him that the quarterback and the Green Bay Packers were nearing a record-breaking extension that was likely to be completed by the end of the weekend.
About a half-hour later, he tweeted again that the deal was imminent and Rodgers was expected to sign the deal Wednesday afternoon.
After originally saying the deal was expected to fall between "$176 million and $180 million total," Schefter later clarified that to $134 million over four years, which will be tacked on to the end of his current deal.
James Jones of NFL Network reported that the extension includes $33.5 million in new money and more than $100 million in guarantees.
The 34-year-old previously topped the NFL's pay scale when he signed his last contract in 2013. That five-year, $110 million extension included a $35 million signing bonus and a total of $54 million guaranteed.
His $22 million per year record was soon surpassed by several other quarterbacks, with Matt Ryan the most recent when he signed an extension in May with the Atlanta Falcons that averages $30 million per season.
Rodgers was sitting as the ninth-highest paid NFL player before this new extension. He is scheduled to make $20.9 million this season and $21.1 million in 2019 in the last two seasons of the extension he signed in 2013. His extension would tie him to the Packers past the next two seasons through the 2023 season.
Earlier in the day, the Packers traded away backup quarterback Brett Hundley, who led the team to a 3-6 record as a starter last season in the place of an injured Rodgers, to the Seattle Seahawks for a sixth-round draft pick in 2019.
That trade means DeShone Kizer, acquired from the Cleveland Browns this spring, will most likely serve as Rodgers' primary backup this season.
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