The Green Bay Packers’ trade situation involving star cornerback Jaire Alexander has taken a significant turn after the team added $48 million to his salary through a contract restructure. The move, which creates more cap flexibility for the Packers, has sparked speculation about whether it increases or decreases the likelihood of Alexander being traded.
According to league sources, Green Bay converted a large portion of Alexander’s base salary into a signing bonus, spreading the cap hit over future years. This maneuver provides the Packers with additional cap space for the 2025 season but also makes Alexander’s contract more palatable for potential trade partners. The two-time Pro Bowler is now owed $48 million in guaranteed money over the next three seasons, making him a more affordable option for teams seeking an elite cornerback.
The timing of the restructure is fueling trade rumors, as the Packers continue to field calls from multiple teams. Despite the speculation, Green Bay general manager Brian Gutekunst has remained non-committal about Alexander’s future with the team. “Jaire is a big part of what we’re building here,” Gutekunst said when asked about the trade buzz. “We’re always looking at ways to improve the team, but he’s a player we value tremendously.”
However, NFL insiders believe the restructuring was a strategic move, making Alexander’s contract more trade-friendly. The cornerback, widely regarded as one of the league’s best in coverage, has reportedly drawn interest from several contenders, including the Detroit Lions, Jacksonville Jaguars, and Baltimore Ravens. All three teams are seeking secondary upgrades and have the cap space to absorb Alexander’s restructured deal.
Still, some Packers insiders believe the cap-saving move could be a sign the team intends to keep Alexander. With Jordan Love’s impending contract extension looming, Green Bay may be freeing up cap space to secure their franchise quarterback. If that’s the case, trading away a shutdown corner like Alexander would be counterproductive, as the Packers aim to remain competitive in the NFC North.
Alexander, who turned 27 earlier this year, has been a cornerstone of Green Bay’s defense since being drafted in the first round in 2018. Despite battling injuries in recent seasons, he remains one of the NFL’s top lockdown corners, making him an attractive asset for rival teams.
For now, Alexander’s future remains uncertain. Whether the $48 million restructuring signals a trade or a long-term commitment, the situation is one of the most closely watched storylines of the NFL offseason.
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