SOURCES: Packers quarterback Jordan Love agrees to historic 4-year contract extension with team

DENVER, COLORADO – OCTOBER 22: Jordan Love #10 of the Green Bay Packers watches from the sidelines before an NFL football game against the Denver Broncos at Empower Field At Mile High on October 22, 2023 in Denver, Colorado. (Photo by Ryan Kang/Getty Images)

(WFRV) – Green Bay Packers quarterback Jordan Love has agreed to a historic contract extension with the Green Bay Packers, according to NFL Network’s Ian Rapoport.

The $220 million deal is a four-year contract extension with $155 million guaranteed and an NFL-record $75 million signing bonus. Along with Cincinnati Bengals QB Joe Burrow, Love becomes the highest-paid QB in NFL history based on average annual value, both at $55 million per season.

Multiple Packers fans at training camp had said they hoped a deal would be reached soon. Love had sat out of practices during negotiations and it is unclear how the team will bring him back for preseason.