Aaron Rodgers signs massive four-year extension with Packers, reports say

Aaron Rodgers just became the highest-paid player in the NFL.

According to multiple reports, the Packers quarterback signed a four-year extension worth $33.5 million per year with $103 million in guarantees.

BREAKING 🚨 The #Packers and 2-Time MVP QB @AaronRodgers12 have agreed to terms on a 4-year extension worth $33.5 million in new money...plus incentives per year...He gets over $100 million in guarantees.

— James Jones (@89JonesNTAF) August 29, 2018

ESPN added Rodgers' first-year payout will be massive — he will earn more than $80 million by March. His reported $57.5 million signing bonus is the largest in NFL history.

Aaron Rodgers new deal with the Packers will be worth $176 million to $180 million 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.

— Adam Schefter (@AdamSchefter) August 29, 2018

He took to Instagram to celebrate his 14th season with the organization, saying in part: "It’s been an amazing ride the last 13 years; excited to start year 14 knowing that my future is here, in Green Bay, for our 100th season."

 

It’s been an amazing ride the last 13 years; excited to start year 14 knowing that my future is here, in Green Bay, for our 100th season. I’ve grown up in this place, and grown older and a little wiser along the way. Thank you to our incredible fan base for inspiring us players to be better year after year. Thank you to the Packers organization for standing by me time and time again and giving me the opportunity to lead this football team. And thank you to my teammates along the way, past and present who have impacted my life in so many positive ways, giving me friendships for life. Looking forward to making some more memorable moments this year, and for years to come.... #packers100thseason #packersfamily #packerforlife #midrange

A post shared by Aaron Rodgers (@aaronrodgers12) on Aug 29, 2018 at 2:00pm PDT

Rodgers' deal surpasses quarterback Matt Ryan's contract extension from this past offseason. Ryan is scheduled to make $150 million over five years with the Falcons.

Rodgers, 34, will likely remain in Green Bay (barring an unforseen trade) until the end of his career with the new deal. He had two years remaining on his current contract, which he signed in 2013 and was worth $110 million through 2018.

At the time of his old contract, which was worth $22 million per year, Rodgers was the highest paid quarterback. He slipped to 10th place by this past summer with other quarterbacks getting more recent — and lucrative — deals. Now he's back on top.