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4 Contract Extensions that Free Up Needed Cap Space for Packers

By Paul Bretl

SANTA CLARA, CALIFORNIA - JANUARY 19: Jaire Alexander #23 of the Green Bay Packers reacts to a play against the San Francisco 49ers during the NFC Championship game at Levi's Stadium on January 19, 2020 in Santa Clara, California. (Photo by Sean M. Haffey/Getty Images)
SANTA CLARA, CALIFORNIA - JANUARY 19: Jaire Alexander #23 of the Green Bay Packers reacts to a play against the San Francisco 49ers during the NFC Championship game at Levi's Stadium on January 19, 2020 in Santa Clara, California. (Photo by Sean M. Haffey/Getty Images) /
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Green Bay Packers
Jan 16, 2021; Green Bay, Wisconsin, USA; Green Bay Packers cornerback Jaire Alexander (23) reacts against the Los Angeles Rams during the NFC Divisional Round at Lambeau Field. Mandatory Credit: Mark J. Rebilas-USA TODAY Sports /

Green Bay Packers Extension Candidate: Jaire Alexander

Last offseason, the Green Bay Packers picked up Jaire Alexander’s fifth-year option for the 2022 season. These fifth-year options are essentially one-year deals, and the player’s salary is based on their performance over their rookie deal. So for Jaire Alexander, he currently has a base salary of $13.29 million–all of which counts against the 2022 salary cap.

I’m not sure when, but this is a move that you can pretty much bank on happening. Unfortunately, Alexander would miss most of last season, but in 2020, he was named a second-team All-Pro after allowing a completion rate of 48.7% on 76 targets and only 9.5 yards per catch. Alexander would also force 14 pass breakups and log three interceptions, per PFF. Right before our eyes, he has developed into one of the game’s better cornerbacks.

So an extension for Alexander seems like an easy move to make. It would keep him a member of the Green Bay Packers beyond the 2022 season and it would also lower his fairly large cap hit of $13.29 million. According to Over the Cap, they estimate that an extension for Alexander would create $9.8 million in cap space this season, while still making him one of the higher paid cornerbacks in football. That sounds like a win-win to me.

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