Report: Packers Offered WR Greg Jennings $8M Annually

Update:

Greg Bedard reports that a league source has informed him that the Patriots did not make Greg Jennings an offer.

The news was a little surprising to be honest. There wasn’t a lot of buzz regarding the Patriots being a potential landing spot for Jennings.

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Update:

Bob McGinn of the Milwaukee Journal Sentinel reports that the Packers’ most recent offer to WR Greg Jennings included $8 million per year before he ultimately signed a five-year deal with the Vikings.

McGinn’s source mentioned that Green Bay previously offered him as much as $11 million annually back in 2012, but Jennings turned them down because he was looking for a staggering $15 million per season.

• Dolphins head coach Joe Philbin reportedly wasn’t “overly high” on Jennings, which is most likely the reason for Miami’s lack of interest.
• The Patriots reportedly offered Jennings $6 million annually.

Clearly, Jennings was focused on the bottom line more above all. That’s not to say he and the Vikings won’t be successful next season, but the fact he reportedly turned down $11 million per year because he was seeking an absurd $15 million annually, really says it all.

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ESPN’s Adam Schefter reports that the Minnesota Vikings have reached an agreement with free agent WR Greg Jennings.

Greg Jennings reached agreement with…the Vikings.

— Adam Schefter (@AdamSchefter) March 15, 2013

• Josina Anderson reports that Jennings receives a five-year deal worth $47 million and includes $18 million in guarantees.
• Ian Rapoport reports that Jennings’ contract includes a $500,000 per year Pro Bowl bonus and $27 million over the first three years.

There were a lot of reports regarding the Packers interest in retaining Jennings initially, but they showed very little interest in the idea of committing to him long-term in the months prior.

Trading Percy Harvin to the Seahawks left them in desperate need of a solid receiver and Jennings was the last player of this caliber still available on the market. He’s one of the best-route runners in the league, so he should be able to provide some consistency for the Vikings and Christian Ponder.

As for the Packers, this means TE Jermichael Finley will be back for another season. They could also use another receiver and have had phenomenal success drafting them in the second-round, so it wouldn’t be surprising to see them target another one this year.

We had him listed as the No. 1 player in our recently updated Top 50 Free Agents list.