The Green Bay Packers have agreed to a four-year contract extension with quarterback Aaron Rodgers worth $134 million, according to Ian Rapoport of NFL Network.
Rodgers is expected to receive $80 million between now and March.
James Jones of NFL Network added that Rodgers will have over $100 million in guarantees.
Adam Schefter of ESPN provided additional details of the deal:
Adam Schefter
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@AdamSchefter
Aaron Rodgers new deal with the Packers will be with $176m-180m total, per source. Big feature is cash flow: $67m before end of calendar, over $80m before St. Patrick’s Day next year, $103m practically guaranteed, per source.
1:33 PM - Aug 29, 2018
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Schefter first reported the new deal was close and was "expected to be the largest in NFL history." Rodgers had two years remaining on his current contract.
The 34-year-old had a cap hit of about $20.6 million in 2018, which put him 14th among quarterbacks, per Spotrac.