Exclusive rights contracts are one-year contracts worth the minimum salary based on the number of years a player has accrued.
Lazard, 24, wound up signing on with the Jaguars as an undrafted free agent out of Iowa State back in 2018. He agreed to a three-year, $1.71 million contract with the Jaguars, but was waived coming out of the preseason.
The Jaguars later re-signed Lazard to their practice squad after he cleared waivers. From there, he joined the Packers towards the end of the 2018 season and was on and off of their roster last year.
In 2019, Lazard appeared in all 16 games for the Packers and caught 35 passes for 477 yards receiving and three touchdowns.