Packers Extend Jordan Love 1 year - $22.5 ($13.5g)

[go pak go]

I negotiate a lot of compensation deals. I think this is a win, win for both sides.

Love will get his money if he performs. Love also gets money no matter what.

From the Packers perspective, I wish it was through 2025. But I understand why Love wouldn't want that and I get why the Packers wouldn't want a material commitment.

[Yoop]

I negotiate a lot of compensation deals. I think this is a win, win for both sides.

Love will get his money if he performs. Love also gets money no matter what.

From the Packers perspective, I wish it was through 2025. But I understand why Love wouldn't want that and I get why the Packers wouldn't want a material commitment.

ya don't need to be a compensation negotiator though to know that Love would have wanted more and the Packers leery of giving it, bottom line, Love and his agent had to know this was fair, it's a fact during his 3 years he was not asked to prove much and he just got 13 mil. to prove this year that he is worth more., good for him and us.

[Labrev]

Here is why I am not sure it makes as much sense for Love:**snip**

I can get on board with your last sentence for sure.

If he doesn't accept this extension, then he risks GB not picking up the option, and it makes complete business sense for them not to.

Seriously, there is *no* risk to GB for not picking it up. If it's a question of his him hitting FA after a great season, you just 'Tag the guy; it amounts to roughly the same thing as the fifth-year option, minus having to commit to it in advance of the season (a season they need to evaluate him as a starter, first).

[Pckfn23]

Here is why I am not sure it makes as much sense for Love:**snip**

I can get on board with your last sentence for sure.

If he doesn't accept this extension, then he risks GB not picking up the option, and it makes complete business sense for them not to.

Seriously, there is *no* risk to GB for not picking it up. If it's a question of his him hitting FA after a great season, you just 'Tag the guy; it amounts to roughly the same thing as the fifth-year option, minus having to commit to it in advance of the season (a season they need to evaluate him as a starter, first).

The 2023 Franchise Tag number was $32.4 million, that will undoubtedly be higher in 2024. So, I can't go along with the, just tag him piece.

Would the Packers have been willing to go through yet another QN controversy in 10 months has Love said no?

I agree that this is a good deal for the Packers. I am not so sure it is as much of a good deal for Love though.

[Labrev]

The 2023 Franchise Tag number was $32.4 million, that will undoubtedly be higher in 2024. So, I can't go along with the, just tag him piece.

But you are forgetting something: if he plays so well at QB this season that the thought of losing him on the open market is intolerable, then he is worth every dollar of the 'Tag anyway.

(And ofc you are guaranteed to have him for one more year, allowing you to negotiate an extension with him in peace).

And if he does not show well or gets injured, the 'Tag did not require you to commit before seeing how the season played out, so you simply don't use it.

Would the Packers have been willing to go through yet another QN controversy in 10 months has Love said no?

I agree that this is a good deal for the Packers. I am not so sure it is as much of a good deal for Love though.

Even you cannot answer that question with certainty, though. That's the point.

So if he declines this deal, then he's at the whims of the FO to pick up his deal or not. If they don't, which there's very compelling business reasons for them not to, and disaster strikes in his one shot to prove himself... he has cost himself over ten million dollars in easy money.

And it's not like by agreeing, he capped himself to an amount lower than if they had picked it up, either. He can still see that over $20m if this all goes to plan (but he has 50% insurance if things don't).

[Pckfn23]

I definitely can see what you're saying [mention]Labrev[/mention]. Definitely no sure things or knowing what would have happened. Something to think about though, mental masturbation if you will. What would have happened had we declined the 5th year, Love played good enough where we could see there may be potential there, but want to see more? Would we have franchised then? I can't say that would have been a smart move to decline the 5th year then.

Basically, my thoughts process is that had Love said no thanks to this extension, I can't see the Packers not taking on his 5rh year option. I guess that is where I am coming from.

[NCF]

It seems like the Packers would have had to give a little more to get this done. This is 100% speculative, but I wonder if the Packers gave the my word is my bond deal to negotiate a long-term extension with Love, when the time comes, without threat of exercising the franchise tag. Essentially setting an implied deadline to get the deal done or risk losing him on the market. Kind of like the no trade clause that was reported that Aaron had but Aaron said he didn't have... maybe the Packers agreed to it without putting it in ink. Why do business that way? I don't know, but just an idea kicking around in my head.

[Scott4Pack]

Maybe Love (and his agent) actually realize that he still has something to prove and that he should be paid like it. Yeah, he could’ve turned away from this deal. But what would that do with the squad? I think maybe Love is acting like a TEAM guy.

:-)

[Scott4Pack]

The 2023 Franchise Tag number was $32.4 million, that will undoubtedly be higher in 2024. So, I can't go along with the, just tag him piece.

But you are forgetting something: if he plays so well at QB this season that the thought of losing him on the open market is intolerable, then he is worth every dollar of the 'Tag anyway.

Daniel Jones (Giants) might be proof otherwise. Ends up he got his monster contract. But that is based more on how the league does business than Jones’ actual performance. The Giants got screwed on that contract, but they got their QB. But make no mistake, Jones has a lot to live up to with that contract.

[bud fox]

This is not a win win. It's a win for the Packers.

It is however also not a great sign for the Packers so it might actually end up being a lose lose when the season is over.

[Madcity_matt]

This is not a win win. It's a win for the Packers.

It is however also not a great sign for the Packers so it might actually end up being a lose lose when the season is over.

I'd agree to disagree.

Packers could have picked up the option, but then they take on a big chunk of change if things don't look good.

So to hedge that, they could let him play his last year of his rookie contract, then work through an extension with the looming threat of franchise. If love is good, packers pay more money, if he's bad, Packers are off the hook.

So the compromise- extend him like they did. If he's good, he earns a few more million than he would have had under the 5th year option, if he sucks, he gets way more than if we didn't pick up his option. And he gets money right now. He's officially a rich man.

I think it's the epitome of win/win. If Love is great, they are working on an extension next summer.

[salmar80]

Basically Love gets some money in his account earlier, and the Packers will take a lesser cap hit in 2024 if he busts entirely and they move on.

Love was smart not to add extra low-paying years: If he IS a hit, he'll get his big money extension during or after 2024.

[Cdragon]

He was going to get 2 years to prove himself no matter what. He gets some cash for that. If he's good we'll make a deal if not Clifford has had his 2 years to figure it out.

[bud fox]

There is no way this is a win for Love.

[Madcity_matt]

There is no way this is a win for Love.

If the alternative was playing on his rookie deal for the year with no guarantees after that? He could be amazing and heaven forbid suffer a career ending injury. He gets nothing. 13.5 M guaranteed isn't a win? In any possible way? I think you're

[BF004]

There is no way this is a win for Love.

I feel like I agree.

He could earn potentially $2M more if he does everything perfect, he could lose $7M if something everything goes wrong. Only other difference is he gets some money in the pocket today instead of next September-December.

[BF004]

There is no way this is a win for Love.

If the alternative was playing on his rookie deal for the year with no guarantees after that? He could be amazing and heaven forbid suffer a career ending injury. He gets nothing. 13.5 M guaranteed isn't a win? In any possible way? I think you're

Packers had to pick up his 5th year option within like a week, that $20M would have been guaranteed.


But LIS earlier, if Gute bluffed them into believing he actually wouldn't pick it up, he has ice in his veins as a negotiator.

[Yoop]

but I wonder if the Packers gave the my word is my bond deal to negotiate a long-term extension with Love,

probably, I would expect no less, we have a lot invested in Love

I think again that, Love and his agent thought the guarantee and max value for a 1 year prove it deal was fair, and we'll revisit this next off season with a deal reflective of Love this season, fair to both party's, no GM in the league would have given more to Love, he hasn't proven anything yet, first of all if he can stay healthy, and handle a all out pass rush for more then a doz, plays, and if he can't, all where out is 13 mil. and change, if he can and does well, he gets over 20 mil, and a 5 plus year mega money deal as a result, Love has something to play for and the team is protected.

IMO this is exactly how this should have played out

[Madcity_matt]

There is no way this is a win for Love.

If the alternative was playing on his rookie deal for the year with no guarantees after that? He could be amazing and heaven forbid suffer a career ending injury. He gets nothing. 13.5 M guaranteed isn't a win? In any possible way? I think you're

Packers had to pick up his 5th year option within like a week, that $20M would have been guaranteed.


But LIS earlier, if Gute bluffed them into believing he actually wouldn't pick it up, he has ice in his veins as a negotiator.

I think there is a legit argument to GB not picking up the option, under the premise of working out a long term deal at the end of the season. GB still has leverage in that they can franchise him (albeit for more money) but they wouldn't owe him anything if he's not good. Don't get me wrong, it's better for the Packers that they worked this out, but I strongly disagree that Love doesn''t get a win out of this. If he plays well, he gets more money. Hell even if he plays adequately he gets more money. He is betting on himself that he won't be awful. He should have enough confidence to believe he will be great.

[salmar80]

If the alternative was playing on his rookie deal for the year with no guarantees after that? He could be amazing and heaven forbid suffer a career ending injury. He gets nothing. 13.5 M guaranteed isn't a win? In any possible way? I think you're

Packers had to pick up his 5th year option within like a week, that $20M would have been guaranteed.


But LIS earlier, if Gute bluffed them into believing he actually wouldn't pick it up, he has ice in his veins as a negotiator.

I think there is a legit argument to GB not picking up the option, under the premise of working out a long term deal at the end of the season. GB still has leverage in that they can franchise him (albeit for more money) but they wouldn't owe him anything if he's not good. Don't get me wrong, it's better for the Packers that they worked this out, but I strongly disagree that Love doesn''t get a win out of this. If he plays well, he gets more money. Hell even if he plays adequately he gets more money. He is betting on himself that he won't be awful. He should have enough confidence to believe he will be great.

The absolute worst outcome for Love would've been for the Packers to decline his option, and him either suffering a bad injury or sucking so bad his market took a nosedive. With no guarantees, he woulda made $2.29 million before being out. This deal acts as an insurance against that. Even if the very worst happened, he'd make 14.5M.

Yes, just getting the 5th year option woulda been better for him, but then, insurance ain't free.