Packers Aim to Sign Jordan Love to Contract Extension: Report

Getty Images Jordan Love of the Green Bay Packers.

Jordan Love looked every bit the part of a franchise quarterback while dismantling the Dallas Cowboys in blowout fashion in the NFC wild-card round, and now he is in line for an extension, according to NFL Network’s Ian Rapoport. One estimate puts him among the highest paid at the position.

“Jordan Love appears to be the Packers’ franchise quarterback,” Rapoport said in a video posted on X before Sunday’s game. “He did a Band-Aid extension before this season, at one-year and $22.5 million, that was in May.

“My understanding is that the Packers and his representation will have a serious conversation about the potential of a new deal,” Rapoport said. “Nothing can be done before May, but don’t be surprised if he gets paid again — before next season.”

Love was lights out against Dallas, passing for 272 yards with three touchdowns en route to a 48-32 victory to guide the Green Bay Packers to the NFC divisional round for the first time 2021. The 25-year-old posted a nearly perfect 157.2 passer rating in his playoff debut.

During his first season as the Packers’ starting quarterback, Love completed 64.2% of his passes for 4,159 yards — as the NFL’s seventh-leading passer — while tossing 32 touchdowns to just 11 interceptions.

What Is Jordan Love’s Market Value, with Packers Deal Looming?

The Packers benefited from Love’s contract being one of the biggest bargains in the NFL, counting just $12.7 million against the cap in 2023, but that could be about to change.

If the Packers do not rework Love’s contract, he would stand to make roughy $5.7 million next season. However, following his strong performance in 2023, expect Love to become one of the highest-paid quarterbacks in the entire league.

According to Spotrac, Love’s market value is approximately $43 million per season.

At that number, Love would surpass New York Giants quarterback Daniel Jones as the 10th highest paid signal called in the league, based on average annual value, according to Over the Cap.

Because Love and the Packers reworked his contract in May 2023, the two sides cannot put pen to paper on a new extension until May 4, because contracts cannot be restructured twice in one calendar year. But Love has shown that he checks the boxes as the Packers’ quarterback of the future.

What Impressed Packers’ Matt LaFleur Most About Jordan Love’s Playoff Dominance

Against the Cowboys, Love showed that neither the moment nor the stage of the NFL playoffs were too big for him.

Love’s impressive performance included some jaw-dropping throws, as well as the poise required in the postseason to lead four consecutive touchdown drives.

Afterwards, Packers head coach Matt LaFleur heaped plenty of praise on his quarterback.

“Jordan Love. Wow,” LaFleur told reporters during his postgame news conference. “That’s about all I can say. What he did and the poise he shows. The command he shows. … I’m just so proud and happy for him.”

For his efforts, Love collected $500,000 in performance bonuses for winning a playoff game.

The road ahead for Love and the Packers is about to get more difficult, as Green Bay now travels to San Francisco to take on the NFC’s No. 1-seeded 49ers at 8:15 p.m. Eastern time on Saturday, January 20.