HomeTrade RumorsPackers Set to Keep Aaron Jones, Not Considering Trade for Jaire Alexander

Packers Set to Keep Aaron Jones, Not Considering Trade for Jaire Alexander

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The 2023 offseason saw a number of teams shedding expensive running back contracts, while others, including the Packers, renegotiated deals with veteran starters. Aaron Jones’ contract runs through 2024 and his cap number is set to increase significantly, which has put his future with the team in question.

GM Brian Gutekunst has indicated that the Packers expect Jones to remain on the roster in 2024, putting an end to speculation about his departure from Green Bay (via The Athletic’s Matt Schneidman). Jones has been with the Packers since 2017 and is one of the few remaining players from the 2017 RB draft class still with their original team, alongside Alvin Kamara and Joe Mixon.

Last February, Jones agreed to take a $5MM pay cut, which included an $8.52MM signing bonus. This restructure extended his contract and reduced his 2023 cap figure to $8.2MM. However, his cap hit is set to spike to $17MM in 2024, potentially leading to further adjustments in his contract by the Packers.

An extension for Jones would make sense, as the current deal includes void years that would result in a $6.6MM dead-money hit if he is not re-signed before the 2025 league year. However, it’s worth noting that teams are increasingly hesitant to sign running backs to extensions in their late 20s. The Packers bucked this trend by giving Jones a four-year, $48MM deal in 2021, signaling a shift in their approach to paying running backs.

Despite missing time in the 2023 season due to MCL and hamstring injuries, Jones made a strong impact when healthy, finishing the season with five consecutive 100-yard rushing performances. His veteran presence was instrumental in supporting a Packers team reliant on young pass catchers.

AJ Dillon is set to hit free agency in a crowded RB market, making it unlikely for him to secure a lucrative deal. The potential release of Jones would create a major need for the Packers, although filling the running back position is relatively easier compared to other positions in the NFL.

Additionally, Gutekunst has denied rumors of a potential trade involving Jaire Alexander, stating that no consideration is being given to trading the cornerback. Despite missing extensive time due to injuries over the past few seasons, Alexander remains highly rated at his position, although his trade value may have been impacted by his contract and injury history.

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