Love signed a one-year extension last offseason, which means the Packers can’t extend his deal again until May. That’s why a new deal isn’t imminent, but it’s coming.

And based on how Love played in the second half of the regular season and into the playoffs, he will likely become one of the highest-paid quarterbacks in football.

Packers could make Jordan Love one of NFL’s highest-paid quarterbacks in 2024

How much will Love get paid? That’s the million-dollar question, if you will excuse the pun. Chances are, he will soon become one of the highest-paid quarterbacks in the league. ESPN’s Adam Schefter said as much on SportsCenter.

Packers cap expert Ken Ingalls projects Love will land a deal averaging in the range of $48-52 million per year.

According to Over The Cap, a deal worth $48 million annually would make Love the sixth-highest-paid quarterback in the league on an average-per-year basis. If it’s $52 million, he would tie Lamar Jackson for third. Joe Burrow earns the highest annually at $55 million.

In other words, just one year into the Love era, he would land a bigger deal than Aaron Rodgers.

Rodgers’ current contract averages $37 million per year. The most he earned was a little over $50 million annually. Love’s new contract has the chance to eclipse that number.

Of course, quarterback salaries are always increasing, but it would show the Packers’ confidence in Love. And why wouldn’t they want to back him? In the final 10 games of the season (including playoffs), Love threw for 2,616 yards, 23 touchdowns, and three interceptions.

“We are really excited to build around him,” said Gutekunst. “As good as he played at times this year, there’s a very, very high upside.”