Content
X

Create Account

Or log in with Facebook

X

Log in

Or log in with Facebook

Jordy Nelson Gets Nearly $10M/Year in New Extension with Packers

By Category

Jordy Nelson Gets Nearly $10M/Year in New Extension with Packers

Green Bay Packers wide receiver Jordy Nelson by Benny Sieu—USA TODAY Sports.

Green Bay Packers wide receiver Jordy Nelson by Benny Sieu—USA TODAY Sports.

Updated at 12:42 p.m. CT.

Breaking news from Ian Rapoport as the Green Bay Packers were in the midst of their first training camp practice of the 2014 season:

Nelson signed a contract before the Packers hit the field, which allows him to put it in the rearview mirror and not have to worry about any pending contract negotiations.

"Jordy Nelson is an outstanding football player and a great ambassador for the Green Bay Packers," said head coach Mike McCarthy. "Obviously an excellent family man. It's something everybody's excited about and glad to see Jordy will be here for some time. i was just made aware of it on the field. I think Jordy, he's just so consistent, and he shows up each and every day, performs at a very high level consistently. He's the ultimate pro."

Just as a report earlier in the week suggested, Nelson received very much near his $10 million per year asking price. His $9.76 million per season would rank eighth in the NFL among wide receiers, slightly ahead of the $9 million Greg Jennings received after leaving the Packers last season in favor of the division rival Minnesota Vikings.

The $14.2 million guaranteed that Nelson is reportedly to receive would appear to be very team friendly, ranking 18th in the NFL among wideouts. Included in the guaranteed money is the $11.5 million signing bonus, which would rank seventh.

Essentially, Nelson is banking on playing out the length of his contract without being cut or being asked to restructure it.

Including the one year left on his pre-existing contract, Nelson is under contract through 2018.

Until the exact structure of his contract becomes official, it's difficult to tell the exact impact on the team's salary cap, but the Packers had approximately $13 million in space entering the day, which was easiliy enough to get Nelson under the cap.

The biggest question moving forward is how does this impact fellow wide receiver and impending free agent Randall Cobb?

It remains to be seen how motivated the Packers are to get Cobb under contract before or during the 2014 season as he comes off a 2013 season in which he missed 10 full games due to a broken leg.

“Jordy’s hard work and dedication has made him a good player, teammate and a core member of this team. We are pleased to come to an agreement that will extend his Packers career,” said general manager Ted Thompson.

All average salary information courtesy of Spotrac.com.

NFL Categories: 
  • Like Like
  • 8 points

Fan friendly comments only: off Comments (36) This filter will hide comments which have ratio of 5 to 1 down-vote to up-vote.

COW's picture

Bye Bye Cobb.

DrealynWilliams's picture

Not so fast

Jordan's picture

Cow,

You predicted 2014 will be Nelson's last season. Stop making a fool of yourself. Stop with the predictions.

You're just a butt hurt fan. Try to gather some self respect and move on to a different team. There's 31 other teams for you to root for.

jeremyjjbrown's picture

False.

Tramon William's 10 mil 2014 salary cap hit comes off the books after this season and there is no way he's getting that kind of money again. That's besides the fact that the Packers have very few expensive free agents in 2015 and the salary cap is expected to grow at least 7 million.

Since Nelson signed a Contract Extension, he should get his signing bonus (pro-rated) now but his salary (and cap hit) is likely still low for 2014. So there is plenty of room to sign Cobb this season.

Stroh's picture

Your Full of Shit... CowShitForBrains!

Cobb will get re-signed either later in the year or in Off Season. Guaranteed to get done and re-signed inGB!

4thand1's picture

you suck, wrong again as usual.

ZeroTolerance's picture

Asinine bovine.

Nick Perry's picture

Interesting, didn't you say 2014 would be Jordy Nelson's last in Green Bay?

jeremyjjbrown's picture

Can't think of a Packer who deserves this more.

White92's picture

Love how they get this done before even so much as a pre-season game.

cpitt's picture

Jordy is one of the few players you don't have to worry about mailing it in after they get paid *cough, Raji, cough* He is a player of integrity and is dedicated to his craft.

Clay Zombo's picture

Glad they got it done, I just hope this one works out better than the last 3 contract extensions Ted has given out, Rodgers, Matthews and Burnett.

Allan Murphy's picture

cobbs next bet !

DrealynWilliams's picture

I love this organization

Icebowler's picture

Jordy proved that he's a true team player last year by moving inside when Cobb got injured. Jordy probably sacrificed some stats and highlight reel sideline catches, but it allowed the Packers to put Boykin on the field rather than Miles White. I always felt that the Packers planned to resign both Nelson and Cobb, but that Jordy's would get done first out of respect to his seniority and leadership.

Thegreatreynoldo's picture

Nelson got what many of the more realistic commenters on this site suggested. I was off a bit on the guaranteed money: I thought he would get 40 to 45% guaranteed, whereas the reports suggest that he got 36.4% guaranteed. The difference btw 45% and 36.4% is $3.35 million in guaranteed money. It sounds like GB did not tear up his current contract, so presumably Nelson's Cap hit for this year remains unchanged, but I am sure the Cap implications will become clear in a few days.

Welcome home, Mr. Nelson.

Stroh's picture

With the extension, Jordy now has what amouts to a 5 yr / 42.5M contract. The extensions plus the remaining year on his current contract which according to reports is 3.5M. So in essence he is on the books for 8.5 per for the remaining 5 yrs. Its just another of Thompson/Ball's genius contracts.

Happily used my visit to GB last week to get myself a Nelson jersey/shirt. Had the chance to attend the shareholders meeting too and the 1st practice Sat morning.

Just returned to AZ earlier this afternoon.

LAS VEGAS-TOM's picture

That was quite a Dust Storm AZ had. I would hate to experience something like that. Are you near where that went through??

MIKE47SMITH's picture

JORDY! JORDY! JORDY!

COW's picture

Why have we not heard ANYTHING about Devonte Adams?

I know he missed some offseason stuff because he had to go to that NY rookie thing... but is the dude even playing?

A bit troubling.

RC Packer Fan's picture

Well considering today was the first day of camp I wouldn't get to worried.

I am curious though how all the rookies are looking early on.

Brian Carriveau's picture

Right? It is so disconcerting that we haven't heard anything when the Packers didn't practice from June 20 to July 26. I mean, Johnny Manziel was making headlines during that time period after all.

Jordan's picture

Adams is going to be an awesome red zone target from day one. What do you need to hear to make you feel more secure? Grow a pair.

Here's a good team for you to root for. It'll be cold for the next 2 years.

http://deadspin.com/this-was-the-line-to-buy-vikings-tickets-1610268632?...

COW's picture

"What do you need to hear to make you feel more secure? "

I don't know... how about that the guy even exists.

He's a ghost.

Clay's picture

Dude Cow you are in desperation mode.

That is all you got today? Where is Davonte Adams???

You are so much better at being negative than that.

Being the first to shit on Jordy's parade is more becoming of you.

You were true to who you are on that one:)

zeke's picture

Just a reminder: ignore the trolls and they go away.

Stroh's picture

We can only dream that is the case...

Aeric's picture

A Turkish prison would be a better place for cow. He would probably get along better and get to do more of the things he really enjoys.

BradHTX's picture

"Joey... Have you ever been to a Turkish prison?"

organicbuzz's picture

Bears suck.

HankScorpio's picture

I'm glad the Packers got this done. It is more than I would have paid per year for Nelson but the structure might not be as advertised. As mentioned above, the guaranteed money is relatively low and that's the key to any contract.

Depending on if they did anything with Nelson's base salary for this season (scheduled to be $3 mil), it's really a 5 yr deal worth somewhere in the low $40s, or a shade over $8 mil/yr.

Stroh's picture

Its a 5 yr contract worth 42.5M average of 8.5M per. That's a GREAT deal for the Packers. Almost no roster bonus involved. Jordy got the 11.5M signing bonus which is prorated over 5 yrs, to go along w/ his 3.5M left from his existing deal this year.

Not much in the details/structure to be worried about... 8.5M for one of the best WR in the game is a steal. He's not in the Megatron, Fitz stratosphere, but he only a small step down and is getting 1/2 the money. He put up great numbers last year, even w/ Rodgers out for 8 games, so he's not a QB dependent WR.

Why do you think its more than you would have paid? I think its a slightly below market contract for him.

HankScorpio's picture

"Why do you think its more than you would have paid? I think its a slightly below market contract for him."

There are a couple of reasons, none of them involve Nelson directly.

1.) The Packers have proven quite successful at cycling WRs under Thompson. He's found Jennings, Jones, Nelson, Cobb and Boykin. To this day, I believe Terrance Murphy was headed for big things before the neck injury. I have some faith that Davonte Adams, and maybe even Jarred Abbrederis, are going to be productive.

1a) The QB-WR relationship can be very unbalanced and very productive. By that I mean Rodgers can make it work with a lot of different WRs.

For those 2 reasons, I would inclined to invest less cap space in WRs if I'm the Packers.

2) The WR market is very strange. If you look at extensions, maybe Nelson is at the lower end. But in FA, $10 mil (the figure that prompted the comment) is as big as it gets. If this deal is in reality at $8.5 mil per, I'm good with it. Especially given the low guaranteed money.

Stroh's picture

1. Are you willing to go into a season w/ nothing but Cobb and a bunch of unproven 2nd year players next year? Even if Adams performs well, its not unusual for WR to take a couple seasons to develop. If you lose Nelson, you have Cobb, a great slot receiver, but unproven as a #1 WR, Adams and Boykin. That goes back to Wolf who always lamented not having enough weapons for Favre. I would MUCH rather have the proven True #1 WR locked up.

1a) as mentioned not re-signing Jordy leaves a very non-descript WR group, which is what Wolf said was his major regret for Favre. Yeah WR are made better by Great QB's, but Nelson isn't in that category. He Proved he'll get it done regardless. Do you wanna take chances w/ guys like Schroeder and Bradford types. I certainly don't. And Jordy signed a below market contract.

If Nelson actually reached FA next year, I bet he gets in the 11-12M range! Look around... There's a lot of articles on JSO, PackerNews, etc that will give you the 5 yr 42.5M numbers I told you. That's not really even debatable...

Thegreatreynoldo's picture

Using 4yr/$39 million ($9.75 average), Nelson is the 8th highest paid receiver. Using 5yr/$42.5 million ($8.5 Million average), Nelson is the 13th highest paid receiver. 8th highest paid sounds about right to me for Nelson, and 13th sounds like he signed a below market contract. In two years, his position will slip to 11th and 16th or so, roughly. I view this as a pretty club-friendly deal. As with all large contracts, GB needs Nelson to be on the field and to play at a high level for at least 3 more years.

4thand1's picture

I've been working for 38 years and have made just over a million bucks. Should have applied myself more at sports.

Log in to comment, upload your game day photos and more!

Not a member yet? Join free.

If you have already commented on Cheesehead TV in the past, we've created an account for you. Just verify your email, set a password and you're golden.

Or log in with Facebook

Packers Tickets

Quote

"The Bears still suck!"
"A school without football is in danger of deteriorating into a medieval study hall. "
"I firmly believe that any man’s finest hour, the greatest fulfillment of all that he holds dear, is that moment when he has worked his heart out in a good cause and lies exhausted on the field of battle – victorious."