Quarterback Aaron Rodgers and the Green Bay Packers have reached agreement on a five-year contract extension that will pay Rodgers $110 million in addition to the $20.75 million remaining on the final two years of his current contract.
The $22 million annual average for Rodgers puts him ahead of Ravens quarterback Joe Flacco. The Super Bowl MVP signed a contract in March that averages $21.6 million per year.
"Aaron is a true professional and a special player," said general manager Ted Thompson in a statement released by the Packers. "He works hard, is humble, and is focused on his actions, on and off the field. He is an excellent teammate and pushes himself and others to be the very best. We are happy to reach an agreement to extend his career with the Packers."
Rodgers' contract will reportedly include $40 million total in the first year and runs through the 2019 season, when he will be 36 years old.
Rodgers was drafted by Thompson in 2005. He was the 24th pick in that draft and served as Brett Favre's backup for his first three seasons in the NFL. Packers head coach Mike McCarthy was offensive coordinator in San Francisco in 2005 and closely evaluated Rodgers and Utah quarterback Alex Smith, the player the 49ers ultimately drafted No. 1 overall in 2005.
The Packers are 53-27 in Rodgers' five years as a starter, and he led them to the Super Bowl title following the 2010 season.
"An exciting day for our football program," McCarthy said. "Aaron is an excellent illustration of a Green Bay Packer. It is truly a blessing to witness his continued accomplishments, both on and off the field."
His quarterback rating of 122.5 in 2011 is an NFL record.
In 2012, Rodgers completed 65.7 percent of his passes with 39 touchdowns and eight interceptions. He had a quarterback rating of 108.0.