The Jaire Alexander offseason saga has taken another turn. After months of trade speculation, the Green Bay Packers are reportedly making a last-ditch effort to retain the two-time All-Pro cornerback.
Green Bay Packers Propose Deal to Retain All-Pro Cornerback Jaire Alexander
According to Matt Schneidman of The Athletic, the Packers “have proposed a restructured contract to Alexander, which tangibly demonstrates their interest in retaining the two-time All-Pro Cornerback during an offseason in which they have been open to trading him.”
The Packers have offered Jaire Alexander a restructured contract, according to a source, but there’s no resolution just yet.
The two-time All Pro plans to report to Lambeau Field for mandatory minicamp even without one.
More here: https://t.co/1lfIekN5mq
— Matt Schneidman (@mattschneidman) May 27, 2025
The team’s interest in retaining Alexander is a positive step in the right direction. However, the report notes that Alexander and his agent, John Thornton of Roc Nation, have not yet accepted the proposed deal.
Packers Want Alexander Back at Reduced Salary
On May 15, 2018, the Packers signed Alexander to a four-year, $84 million contract extension. If he wants to finish the last two years of that deal, the team wants him to agree to a reduced salary.
According to Over The Cap, Alexander’s 2025 cap number is $24.6 million. That’s the third-highest on the team, trailing only quarterback Jordan Love ($29.7 million) and defensive end Rashan Gary ($28.5 million).
“Jaire Alexander is an absolute game changer when he’s out there and healthy..
From everything that I’ve heard the guys in the locker room love em” ~ @DariusJButler #PMSLive https://t.co/QI2gYoqTZE pic.twitter.com/6jXfUVzfge
— Pat McAfee (@PatMcAfeeShow) May 27, 2025
Alexander has a base salary of $16.15 million, a per-game roster bonus of $650,000, and a workout bonus of $700,000. The details of their revised offer are unclear, but the team likely wants to reduce the base salary to a more manageable figure.
Alexander is still an effective player, but he’s had issues staying on the field. He’s only been available for 16 of 37 games over the past two seasons as he’s dealt with groin, back, shoulder, and knee injuries.
Alexander Plans to Report to Team’s Mandatory Minicamp
According to Schneidman, Alexander isn’t letting the contract situation impact his work. Although he is away from the team, he plans to report before the team’s mandatory minicamp on June 10.
“Alexander participated in the voluntary first week of the offseason program, but that was virtual because of the draft being held in Green Bay,” Schneidman said. “He has not yet reported to Lambeau Field for in-person voluntary offseason work as his future with the team remains uncertain, but he plans to attend mandatory minicamp on June 10, if not before, even if his contract situation isn’t resolved.”
With the Packers presenting Alexander with a restructured contract offer, they may not have to wait long for a resolution. They could gain more clarity on the situation as early as this week.
However, the Packers will face a critical decision if Alexander declines their offer. Do they trade the cornerback to the highest bidder or release him? If released after June 1, the Packers would free up over $17 million in cap space. We should know their decision soon.
