UPDATE: Packers officially confirm the contract extension:
The Green Bay Packers have signed QB Aaron Rodgers to a contract extension. The signing was announced Wednesday by General Manager Brian Gutekunst.
Rodgers, who was drafted by the Packers in the first round (No. 24 overall) in 2005, ranks No. 1 in NFL history (min. 1,500 attempts) with a career passer rating of 103.8. He also ranks No. 1 in league history in career INT percentage (1.59) and TD/INT ratio (4.01). For his career, Rodgers has completed 3,188 of 4,895 passes (65.1 pct.) for 38,502 yards (7.9 yds/att.) and 313 touchdowns with 78 INTs.
He has posted six seasons (2009, 2011-12, 2014-16) with 500-plus passing attempts and eight or fewer INTs, the most in NFL history ahead of Patriots QB Tom Brady (four), Redskins QB Alex Smith (two) and nine QBs (one). Rodgers has been named the NFL’s Most Valuable Player by The Associated Press twice in his career (2011, 2014), one of only eight players in league history to win the award multiple times, and has been selected to the Pro Bowl in six of the last nine seasons (2009, 2011-12, 2014-16).
Rodgers is the lone QB in NFL history to throw 40-plus TD passes with seven or fewer INTs in a season, having done it twice in his career (45/6 in 2011, 40/7 in 2016). In the franchise record books, he holds seven of the top eight single-season marks for passer rating (2009-14, 2016), four of the top six for passing TDs (2011-12, 2014, 2016), six of the top seven for completion percentage (2010-14, 2016) and four of the top six for passing yards (2009, 2011, 2014, 2016).
Aaron Rodgers releases a statement on Instagram:
It’s been an amazing ride the last 13 years; excited to start year 14 knowing that my future is here, in Green Bay, for our 100th season. I’ve grown up in this place, and grown older and a little wiser along the way. Thank you to our incredible fan base for inspiring us players to be better year after year. Thank you to the Packers organization for standing by me time and time again and giving me the opportunity to lead this football team. And thank you to my teammates along the way, past and present who have impacted my life in so many positive ways, giving me friendships for life. Looking forward to making some more memorable moments this year, and for years to come.... #packers100thseason #packersfamily #packerforlife #midrange
PREVIOUS: A report says that the Green Bay Packers and their all-world quarterback have a new contract done.
James Jones of NFL Network, a former Packers teammate, reports Rodgers will receive $100 million in guaranteed money for a new four-year deal.
BREAKING 🚨 The #Packers and 2-Time MVP QB @AaronRodgers12 have agreed to terms on a 4-year extension worth $33.5 million in new money...plus incentives per year...He gets over $100 million in guarantees.
— James Jones (@89JonesNTAF) August 29, 2018
ESPN's Adam Schefter reported this first Wednesday afternoon.
Packers and Aaron Rodgers are expected to complete their record-breaking extension by the end of the weekend, source tells ESPN. But the deal is expected to now be finalized and in place before the start of the regular season, per source.
— Adam Schefter (@AdamSchefter) August 29, 2018
There had been reports that Rodgers has wanted the ability to negotiate more opportunities to renegotiate his deal. He has also expressed a desire to stay with the Packers for his entire career.
It is expected that Rodgers will make a large percentage of his new contract guaranteed money.