The Packers added five years and a total of $110 million to Rodgers' current deal, which was due to expire after the 2014 season. That means Rodgers is signed for the next seven seasons, at a total of $130.75 million.
The deal expires after the 2019 season, when Rodgers will be 36 years old. He has spoken in the past of this contract being his final deal before retirement. (No, there is no truth to the rumor that the Minnesota Vikings will try to sign Rodgers for 2020.)
As part of the arrangement, Rodgers will receive $40 million guaranteed in 2013 and a total of $62.5 million over the next three seasons.
Rodgers' salary cap never exceeds $21 million during any season, according to Albert Breer of the NFL Network.
The $22 million average of Rodgers' new money, as well as the $62.5 million figure over three years, makes this deal officially the richest in NFL history. Both figures surpass those of Baltimore Ravens quarterback Joe Flacco, who has a $21.6 million average and will receive $62 million over three years.
More in a bit before we turn our attention to the draft.