Packers sign Jordan Love to richest QB contract in NFL history

The Packers have signed Jordan Love to the richest contract for a quarterback in NFL history, per multiple reports. The four-year deal is for $220 million.

Love, 25, was the No. 26 overall pick of the 2020 NFL Draft. Last season, in his first full year as a starter, he started all 17 games for Green Bay, throwing for 4,159 yards with 32 touchdowns, 11 interceptions and a 96.1 passer rating. Love led the Packers to the playoffs for the first time since 2021 and threw five touchdowns and two picks across two games.

The new contract also includes a record $75 million signing bonus, plus $155 million in new full guarantees, ESPN's Adam Schefter reported.

The new contract pays Love more than his contemporaries, including Kansas City’s Patrick Mahomes, Cincinnati’s Joe Burrow and Baltimore’s Lamar Jackson. His deal seemingly resets the quarterback market after extensions signed by Jared Goff and Trevor Lawrence earlier this summer. Love’s new agreement will pay him an average of $55 millionannually, equaling the amount shared by Burrow and Lawrence, ESPN reported.

Before Love’s new deal, he was entering the final year of a contract set to pay him $11 million in 2024. 

The Packers drafted Love in 2020 despite still having former NFL MVP Aaron Rodgers under contract at the time. Rodgers would continue to be the team’s starter for three more seasons through 2022. During that period, however, Green Bay only won one playoff game — the same number Love won last season. 

For his career, Love has appeared in 27 games, throwing for 35 touchdowns and 14 interceptions. In 18 total starts he has a 9-9 record. He is 1-1 in the postseason, upsetting the Dallas Cowboys before losing to the San Francisco 49ers last January. 

After finishing last season 9-8 before losing in the Divisional Round of the playoffs, the Packers will open their 2024 season against the Philadelphia Eagles on Sept. 6 in a game that will be streamed on Peacock.