To become the starting quarterback for the Packers on a full-time basis, Jordan Love had to sit out the first four seasons of his rookie first-round deal. Love’s contract is now good through 2024, but with his 2023 breakout, Green Bay will soon have to pay its young quarterback a lot more.
Love guided the Packers to a 9–8 record, a wild-card slot, and an unexpected victory in the opening round of the playoffs. In addition to throwing for 4,129 yards with a solid 96.1 passer rating and 32 touchdown passes, which tied him for second in the league, he averaged 7.2 yards per pass attempt. In addition, Love ran for four additional touchdowns and 247 yards.
Without a question, Love outperformed expectations right away when he took Aaron Rodgers’ place, and he only got better as the season went on. Overall, Love’s performance benefited from improved production.
Without a question, Love outperformed expectations right away when he took Aaron Rodgers’ place, and he only got better as the season went on. Overall, Love’s performance was improved thanks to its winning output and outcomes.
Love is the quarterback the Packers appear to have struck gold again, replacing Rodgers, who replaced Brett Favre. It also implies that they will have to pay Love like one very soon. The following estimates the amount of pay increase and number of years Love can anticipate in the near future:
Jordan Love’s past contract details
Love was slated for a four-year, fully guaranteed, $12.383 million contract with a signing bonus of more than $6.5 million. Love was selected with the 26th overall choice in the 2020 NFL Draft. He was bound by that through the 2023 campaign.
After Love took over as the starting quarterback in ’23 following Rodgers’ trade to the Jets, the Packers decided not to pick up Love’s $20.27 million fifth-year option, instead renegotiating the deal to include a $22.4 million extension through ’24.
This previous season, Love received a $13.5 million guaranteed contract in addition to a $8.788 million signing bonus. He also received an additional $4.5 million for half of his pay escalators.
Jordan Love’s career earnings
According to Spotrac, Love’s career total is $19.883 million when the two-year extension and his four-year rookie contract are combined. In 2024, his base income is expected to be $10.5 million; further bonuses will bring that amount to $12.757 million.
Jordan Love’s projected contract
Among full-time starters, Love ranked among the top 10 in touchdown passes, passing yards, passer rating, and yards per attempt. Despite his inexperience, that should quickly propel him from a relative bargain to a top-10 QB salary. Joe Burrow ($55 million) and Justin Herbert ($52.5 million), two other 2020 first-round picks, lead the QB market in terms of average yearly salary. They both signed five-year contracts throughout the offseason, which is the same length as the megadeals signed by Russell Wilson, Kyler Murray, Deshaun Watson, Lamar Jackson, and Jalen Hurts.
In terms of trades and free agency in the 23 offseason, Rodgers of the Jets and Derek Carr of the Saints both wound up signing contracts for $37.5 million a year to play for new teams. The three players that make $40 million a season—Dak Prescott, Daniel Jones, and Matthew Stafford—who received four-year contracts with their teams are directly above them.
Love would be best served by a season budget of about $45 million. Compared to Prescott, Jones, Stafford, Carr, and Rodgers, he is younger at 25. Love, on the other hand, is less proven than those youthful, experienced professionals who are paid the highest salary for the role
It would make sense for Love to go for four years at about $180 million, with more than $100 million guaranteed, even if five years has been the somewhat typical of late. If he continues to play well in 2024, he should be able to achieve his prime in 2028, when he reaches 30. That would enable Love, should his improved performance and experience warrant it, to reset his contract close to the new top of the market as a dependable long-term starter.
Suggested for You
