Monday was the deadline for teams to sign players to long-term contract extensions so they could push bonus money on new contracts into this year’s salary cap. But the deadline came and went without any deals getting done.
In fact, the Packers and Aaron Rodgers did not finalize their deal before Monday’s deadline, even with the Friday announcement that the contract was agreed upon.
The reason no deals got done on the weekend or day of the deadline is that the 2010 uncapped season is looming, with players in no rush to get any long-term deals done before then. The fact that none of them signed in the past few days could be a reflection of the player’s thinking.
Correction: A website that team’s use for players contracts did not have any postings of the Rodgers’ contract until midday Tuesday. But once it was posted, the contract was dated Nov. 1, so Rodgers’ new six-year, $65 million contract beat the deadline and will save the Packers $2 million a year against the salary cap for the life of the deal that runs through 2014. Rodgers’ salary-cap number this season jumped from about $1.7 million this season to close to $14 million. In the next two years, Rodgers will make $21 million. Good move on the Packers’ part, getting the deal done and in now, bad move on our part not to wait for the day to close.