Packers Re-Sign WR Randall Cobb To A Four-Year, $40M Contract

Update:

Joel Corry has the contract details for Randall Cobb‘s new four-year, $40 million contract with the Packers.

• Cobb receives a $13 million signing bonus and $3.5 million roster bonus in March of 2016.
• Cobb’s salary cap figures are: $5.35M (2015), $9.15M (2016), $12.75M (2017),and $12.75M (2018).
• The agreement includes $500,000 annually in active per game roster bonuses, which breaks down to $31,250 per game.

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ESPN’s Adam Schefter reports that the Packers have re-signed WR Randall Cobb to a four-year, $40 million contract.

• According to Rapoport, Cobb had six-seven offers from other NFL teams and reportedly turned down considerably more money to return to the Packers.
• Charles Robinson is told that Cobb took as much as $1.5 million less to remain in Green Bay.

With all the talk that the Packers were going to lose Cobb to one of the cap-rich teams like the Raiders, Green Bay managed to get a deal in place much like they did with CB Sam Shields last year.

Previous reports had said that Cobb could secure as much as $12 million per year on the open market, but it looks like the two sides settled for a contract that will pay $10 million annually.

The Packers have a legitimate shot at competing for a Super Bowl, so you had to think they were going to do whatever it took to get a deal in place with one of their best weapons.

For what it’s worth, the Packers signed Jordy Nelson to a four-year, $39,050,000 contract that included $11,500,000 guaranteed last year.

Cobb, 24, caught 91 passes for 1,287 yards receiving and 12 touchdowns. He also contributed as the team’s punt returner this year. Pro Football Focus has him rated as the No. 9 wide receiver out of 110 qualifying players.

We had Cobb listed as the No. 6 player in our Top 100 Free Agents list.