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Jaire Alexander Contract Analysis | #GoPackGo

The Green Bay Packers have re-signed shutdown corner Jaire Alexander for a colossal $84 Million contract. The modus operandi for the Packers has always been draft, develop, re-sign, and this is another shining example of that. Depending on where you live, Alexander is either the best corner in the league or somewhere in the top-5; he doesn't drop any further than that.

Jaire Alexander Contract Analysis

The contract the Packers signed Alexander to is four years, $84M ($22.75M Anual Average Value), expiring in the 2027 offseason. However, they can restructure the deal or have a potential out in 2025. This aligns him with the contracts of Aaron Rodgers and Preston Smith.

Whether or not you think it's a good contract depends on how much you value defense in an offensive league. I personally think it's a good contract because it's a passing league. We have to remember that a good defense doesn't create a dam or an island anymore, it's more of a filter; stuff's going to get through, passes are going to be completed, just hopefully not too easily. Jalen Ramsey is one of the best cornerbacks in the league and still got burned by Mike Evans against the Buccaneers. Two games later, he was a Super Bowl champion helping the Rams defense hold Joe Burrow and the red hot Bengals to just 263 yards through the air.

2020, the last time Alexander was healthy for an entire season, he was undoubtedly the best corner in the league. PFF ranked him 1st in coverage, 2nd in opponent receiving percentage, and 5th in forced incompletion percentage. That's a damn fine filter. He doesn't grab a bunch of interceptions, but that's cause 1) The ball doesn't come his way very often, 2) He doesn't gamble the way someone like Trevon Diggs does, limiting the number of big plays he gives up.

So when he inevitably gives up a touchdown, and you yell, "How the fuck are we paying this guy $20 Million!?" Remember, the board is tilted in the offense's favor, and any play made on Alexander was probably a perfect throw, perfect route, and difficult catch. That's what a great defense does; they make the offense have to play perfectly for an entire game.

How Does this Impact the Cap?

Don't ask questions you don't want the answer to. Right now, the Green Bay Packers are already over the cap for 2023 and 2024. As the Drew Brees era Saints and current Packers are fond of telling us, "the cap isn't real." But it kind of is. Yes, lots of restructuring can be done, and you can sign players to huge bonuses that are prorated through the life of the contract, but all these bills will come due eventually.

For the Packers, they're doing the smart thing; they're all in for the remainder of Aaron Rodger's contract. As you should be, generational quarterbacks don't grow on trees, so you have to try and win while you have them. However, don't expect any big-name free agents to be signing with the Packers in the near future, and don't be surprised to see some cap casualties over the next couple of seasons, either. The Packer's current roster is a carefully orchestrated balancing act, but they're betting young talent, and a hungry defense will pay huge dividends over the next year or two.