Adam Schefter of ESPN reports that the Packers are trading franchise WR Davante Adams to the Raiders for draft compensation.
According to Rob Demovsky, the Packers receive the Raiders’ first- and second-round picks in this year’s draft.
Ian Rapoport reports that Adams is signing a new five-year, $141.25 million contract, which includes an average of $28.25 million.
This trade reunites Adams with Derek Carr, who was his college teammate.
The Packers and Adams had been working on a long-term deal in recent weeks, but it was clear that there was still a large gap to be bridged in terms of annual compensation.
Adams, 29, is a former second-round pick out of Fresno State by the Packers in the 2014 NFL Draft. He was in the final year of a four-year, $3.933 million rookie contract when the Packers signed him to a four-year extension worth $58 million.
Adams made a base salary of $12 million for the 2021 season and was set to be an unrestricted free agent in 2022 when the Packers used the franchise tag on him at a figure of $20.2 million.
In 2021, Adams appeared in 16 games for the Packers and caught 123 of 169 targets for 1,553 yards receiving and 11 touchdowns.
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