Officially, the Green Bay Packers gave Jayden Reed a three-year, $50.25 million contract extension when the deal was submitted to the league. This move was reported five days ago, but the details of the contract have only just become public.
As reported originally, he earned $20 million in full guarantees, $16.5 million of which comes in the form of a signing bonus. Here’s a full breakdown of his cap hits moving forward:
Advertisement
Jayden Reed Cap Hits
Functionally, this three-year extension is a two-year, $27.1 million deal for Reed, from a cash perspective, and then two team options on the Packers’ end. For example, Green Bay can save $7.6 million in 2028 with Reed’s release that offseason and $12.3 million in 2029. It’s safe to say that he’ll be on the roster for at least the next two seasons, but then he needs to be clearly earning his keep or the team can pivot.
Here’s the full breakdown of the money coming Reed’s way throughout the contract:
Jayden Reed Cash Breakdown
-
2026
-
$21.3 million
-
$16.5 million signing bonus
-
$3.5 million restructure bonus
-
-
2027
-
$5.9 million
-
$2.1 million per game roster bonus
-
-
2028
-
$12.6 million
-
$9.1 million salary
-
$2.1 million per game roster bonus
-
-
-
2029
-
$12.3 million
-
$1.7 million per game roster bonus
-
Overall, the way to think about this contract is that it’s relatively flat (in terms of the first two years and the last two years averaging out), but that it’s backloaded from a cap perspective. That’s because of the large signing bonus, relative to the size of the contract, coming on the front end. It functions as if Reed is now under a two-year deal with two team options.
Read the full article here
