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Green Bay Quarterback Aaron Rodgers Signs NFL Contract Extension

April 27 (Bloomberg) -- Green Bay Packers quarterback Aaron Rodgers signed a contract extension that ESPN said would give the 2011 Super Bowl Most Valuable Player the highest salary in National Football League history.

While terms of the deal weren’t disclosed in a statement from the team, ESPN quoted an unidentified person as saying it was a five-year, $110 million extension that includes a $40 million salary in 2013.

Rodgers, 29, was the MVP of the Super Bowl after the 2010 season when the Packers beat the Pittsburgh Steelers for the championship. He was the team’s first draft pick in 2005.

“I’m excited to know that my future is here, and I’ll be here for a lot longer,” Rodgers told reporters yesterday outside the Packers’ locker room.

ESPN said Rodgers’s salary would surpass the $120.6 million for six years that the Baltimore Ravens gave quarterback Joe Flacco after he led his team to a Super Bowl win this February against the San Francisco 49ers.

The network said Rodgers’s deal will add five years in addition to the two years Rodgers had remaining on his contract, keeping the quarterback in Green Bay through the 2019 season.

The extension comes nine days after Clay Matthews signed a contract extension with the Packers that the Milwaukee Journal Sentinel said makes him the NFL’s highest-paid linebacker.

Details of the extension for Matthews, 26, the only player in Green Bay history selected for the Pro Bowl in each of his first four seasons in the league, were not released by the team. The Journal Sentinel, quoting a person it did not identify, said Matthews will receive $66 million over five years through the 2018 season.

Future Flexibility

“There’s an expectation that guys like myself and Clay are going to continue to take advantage of the leadership opportunities that we have,” Rodgers said yesterday. “This seems to be the Packer way, where you draft a guy, you raise him up in your system, and you pay him.”

Mark Murphy, president and chief executive officer of the Packers, said the deals keep two key players in Green Bay without hurting the team’s future flexibility.

“To be able to structure it in a way where we’re able to pay them the market rate and still be able to compete financially I think was key,” Murphy told reporters. “I think (we) were able to do it in a way that’s good for both of those players and the organization.”

To contact the reporter on this story: Michael Sillup in New York at msillup@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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