The new, record-breaking contract for cornerback Jaire Alexander will help the Green Bay Packers save a little over $6 million on the salary cap in 2022.
Alexander’s deal, which averages $21 million per year in new money, lowers his cap hit this season from roughly $13.3 million to just under $7.1 million and produces the $6.2 million in savings.
The Packers gave Alexander a $30 million signing bonus, which will be prorated across five years at $6 million per year. The team also lowered his base salary in 2022 to the league minimum of $1,076,000, creating the cap number of $7,076,000.
