Tom Silverstein reports that Packers WR Randall Cobb agreed to reduce his 2022 salary by around $5.5 million.
Cobb was owed $8.5 million for the upcoming season but will now make just $3 million.
The Packers have been working to get under the cap before the start of free agency and Cobb was one of the last expected moves.
Cobb, 31, is a former 2011 second-round pick of the Packers out of Kentucky. After his four-year rookie contract expired in 2015, the Packers signed Cobb to a four-year, $40 million extension that ran through the 2018 season.
The Packers allowed Cobb’s contract to expire and he later signed a one-year, $5 million contract with the Cowboys. He signed with the Texans on a three-year, $27 million deal.
The Packers traded with Houston in 2021 for the rights to Cobb in exchange for a sixth-round draft pick, reuniting him with QB Aaron Rodgers.
In 2021, Cobb appeared in 12 games for the Packers and caught 28 passes for 375 yards receiving and five touchdowns.
Looking for the latest NFL Insider News & Rumors?
Be sure to follow NFL Trade Rumors on TWITTER and FACEBOOK for breaking NFL News and Rumors for all 32 teams!
