Breaking down Matt Flynn's new contract

GREEN BAY, Wis. -- Two years after receiving a $6 million signing bonus from the Seattle Seahawks in free agency, quarterback Matt Flynn took home only a $75,000 signing bonus on the deal he agreed to with the Green Bay Packers last week.

It's a one-year contract, according to ESPN Stats & Information, and for the Packers it's a relatively cheap insurance policy against another possibly injury to starter Aaron Rodgers. Flynn's average-per-year pay ranks 42nd among quarterbacks under contract for 2014.

Flynn, who began his career with the Packers as a seventh-round pick in 2008, returned to the team last season on Nov. 12 for a minimum-salary contract. He played in five games, including four starts, and helped the Packers to a 2-2-1 record in that stretch, keeping them alive in the NFC North until Rodgers returned from his broken collarbone for the regular-season finale.

This year, Flynn is expected to compete with Scott Tolzien to be Rodgers' backup, but coach Mike McCarthy has said he would like to keep three quarterbacks on the roster.

Here's a breakdown of Flynn's new deal:

  • Cash value: $968,125

  • Salary-cap charge: $1,068,125

  • Signing bonus: $75,000

  • Base salary: $730,000

  • Roster bonus: Up to $138,125

  • Workout bonus: $25,000

  • Other incentives: Up to $100,000 (considered likely to be earned for salary-cap purposes).