Packers, Jennings Agree to $27 Million Extension

The Packers have extended receiver Greg Jennings’ current contract in a major way, adding three years and $27.535 ($16 million guaranteed) to what was a four-year, $2.85 million rookie deal. If you want to know more about the rookie contract, look up the word “bargain” in the dictionary, as Jennings has put up elite numbers in the last two years. In 2008, he averaged 16.2 yards per catch and 4.2 YAC, which was emblematic of his transition with Aaron Rodgers to more air yards and potentially bigger plays (2007 numbers: 17.4 average, 7.7 YAC). Jennings ranked second in DVOA in ’07 [1], “regressing” to 12th in 2008 [2]. The good news for Jennings is that his extension will expire after  2012, leaving him in line for a rare second big contract before he’s 30– usually for superstars, the progression goes something like: Rookie Deal/(Possible Franchise Tag)/MegaBlowoutSuperDollars!!!/Pre-Retirement Backslide, unless you’re DeAngelo Hall and you can just keep fooling teams. Jennings isn’t in line to fool anyone – this is a good deal for everyone involved.