Post by whoskmoon on Jan 11, 2023 8:59:46 GMT -6
No, actually it's guaranteed to Rodgers if he plays. It's listed as a team option because the team has the option of when they pay it.
From ESPN explaining the "option" term:
Why Aaron Rodgers' contract limits Packers' options and what could come next
... Rodgers has a $58.3 million option bonus in 2023 that is fully guaranteed. It’s an option because, according to a source familiar with the contract, it can be exercised by the Packers anytime between the first day of the 2023 league year in March and the day before the Packers’ first game of the regular season. The option bonus makes up most of his 2023 pay, totaling $59.515 million (including a $1.165 million base salary and a $50,000 offseason workout bonus). The timing is important because if the Packers were to trade him, they’d want the team that trades for him to pay it.
... Rodgers has a $58.3 million option bonus in 2023 that is fully guaranteed. It’s an option because, according to a source familiar with the contract, it can be exercised by the Packers anytime between the first day of the 2023 league year in March and the day before the Packers’ first game of the regular season. The option bonus makes up most of his 2023 pay, totaling $59.515 million (including a $1.165 million base salary and a $50,000 offseason workout bonus). The timing is important because if the Packers were to trade him, they’d want the team that trades for him to pay it.
Aaron Rodgers holds all the cards for 2023
Under the contract Rodgers received in March 2022, his compensation for 2023 shoots to nearly $60 million. And it’s fully guaranteed. If Rodgers wants to stay, he’s staying. If they’d cut him (they won’t), they’d owe him the money. And while they could trade him, no other team would take on that financial responsibility if he makes it clear he doesn’t want to be there.
So while Rodgers called the coming decision “mutual,” it really isn’t. Last year, he secured the unilateral ability to continue, or not continue, the relationship for two years.
Under the contract Rodgers received in March 2022, his compensation for 2023 shoots to nearly $60 million. And it’s fully guaranteed. If Rodgers wants to stay, he’s staying. If they’d cut him (they won’t), they’d owe him the money. And while they could trade him, no other team would take on that financial responsibility if he makes it clear he doesn’t want to be there.
So while Rodgers called the coming decision “mutual,” it really isn’t. Last year, he secured the unilateral ability to continue, or not continue, the relationship for two years.
Spotrac shows his dead cap hit next year as 99 million bucks(!).
At the postgame presser the other night he was asked about his contract and Rodgers said, "Money is energy." Maybe he will have an ayahuasca vision to forego the huge option bonus and just ask the team to send him lots of energy instead.
Rodgers bonus is so big, the Packers basically have to convert it to a signing bonus or they can't field much of a team - but technically that hasn't happened yet. If Rodgers were to retire before the 2023 season, it doesn't split out mow much of the money in the prorated bonus columns (if any) would get backed out.
He cannot be cut, retirement would save the Packers about 15 million in 2023, and cost them 25 million in 2024, and trading him is actually realistic, but probably not until after June 1st where the numbers for the Packers would be similar to if he retired.