GREEN BAY – The three-year contract extension wide receiver Jayden Reed signed before the NFL draft cost the Green Bay Packers $4.5 million in salary cap space this year, leaving them with $21 million to do business.
The Packers will need about $4.5 million of that space to sign their six-man draft class but should have more than enough room to address contract extensions with receiver Christian Watson, tight end Tucker Kraft and defensive tackle Devonte Wyatt.
Reed’s three-year extension is worth $51,979,197, according to a source with access to NFL salary data.
It features a signing bonus of $16.5 million and a guaranteed $3.5 million roster bonus this year. He is scheduled to earn $21,229,197 in his first season.
Reed’s salary cap number in 2027 is a reasonable $10.875 million. It jumps to $17.625 million in ’28 and $17.25 million in ’29.
There are also escalators that will allow Reed to earn additional money in ’28 and ’29.
Here is the breakdown of Reed’s contract:
Three years, $51,979,197.
Signing bonus: $16.5 million.
Total guaranteed money: $20 million.
Average per year: $16.75 million.
2026
Base salary: $1,229,197.
Roster bonus: $3.5 million (guaranteed).
Salary cap number: $6,784,793.
2027
Base salary: $1.3 million.
Roster bonus: $2 million.
Per-game roster bonus: $2.075 million (total).
Workout bonus: $500,000.
Salary cap number: $10.875 million.
2028
Base salary: $9.05 million.
Roster bonus: $1 million.
Per-game roster bonus: $2.075 million (total).
Workout bonus: $500,000.
Salary cap number: $17.625 million.
2029
Base salary: $10.05 million.
Per-game roster bonus: $1.7 million.
Workout bonus: $500,000.
Salary cap bonus: $17.25 million.
This article originally appeared on Packers News: Jayden Reed’s contract leaves Packers with plenty of salary cap space
Reporting by Tom Silverstein, Milwaukee Journal Sentinel / Packers News
USA TODAY Network via Reuters Connect
