Aaron Rodgers' extension with Green Bay Packers includes $150 million over first three years

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There is a good chance that Rodgers and the Packers will be together for at least the next two seasons.

The three-year, $150 million deal that he signed on Tuesday is essentially a three-year, $150 million deal that also includes two voidable years in the future, according to a copy of the contract obtained by. The extension was announced but not the terms.

The salary cap charge for Rodgers has been reduced by $18 million.

The reigning two-time league Most Valuable Player will make a base salary of $1.15 million and a roster bonus of $40.8 million, which will be treated as a signing bonus for salary-cap purposes. His pay of $59.465 million in 2023 is guaranteed. His $49.25 million is only guaranteed against injury at the time of signing.

The Packers would have to absorb at least $68 million in dead money if Rodgers plays only one season and then retires or is traded in 2023, another sign that the quarterback intends to play or has committed to. The dead money could be reduced to as little as $28.6 million by the year 2024.

A member of the Packers medical staff flew to see Rodgers over the weekend and administered the physical that is required before any contract is signed. The deal was done once that was done.

Packers general manager Brian Gutekunst said in a statement that they are very pleased to be able to come to an agreement with Aaron that keeps him in Green Bay. The agreement allows us to maintain and enhance what we feel is already a very competitive roster.

The Packers were over the salary cap before Rodgers signed. They must be under the cap by Wednesday at 4 p.m. Time. One of the moves they will need to make is not expected to involve Mason Crosby. He missed nine kicks in the season, but there has been no change in his status or contract. Crosby will make $3.4 million with a cap charge of $4.735 million.

Jordan Love's future is in question now that Rodgers is back. Gutekunst's decision to draft Love in 2020 cast doubt on Rodgers' future with the team. Rodgers said he wanted to play into his 40s with the Packers, after the Packers picked Love. He said he realized that it may not be a reality at this point, and that he was not sure how that all works together.

Rodgers called his future a "beautiful mystery" late in the 2020 season and shortly after the Packers lost to the Buccaneers in the playoffs, he included a group of players with uncertain futures.

Rodgers told some in the Packers organization that he would never play for them again after he boycotted workouts, organized team activities and mini camp.

Rodgers signed a restructured contract on the eve of training camp that eliminated the last year of his contract, making it easier for a divorce after the 2021 season.

Last season, Rodgers broke the franchise record of Rodgers has a chance to break several records, including career passing yards.