The Green Bay Packers and cornerback Jaire Alexander may not be done with each other. That was the impression earlier this offseason, when reports suggested a clean break between the two sides. But ESPN’s Rob Demovsky has revealed that a reunion is back on the table. There’s one condition: the Packers and Alexander need to agree on a contract restructure.
The Financial Hurdle: Is a Deal Possible Without a Restructure?
A deal without that restructure? “No way,” says Demovsky. Alexander’s 2025 contract includes $17.5 million in cash. The Packers aren’t likely to swallow that without some adjustments. At the start of the offseason, both sides seemed ready to move on. The Packers were frustrated with Alexander’s inconsistent availability, and Alexander was open to a fresh start if he took a pay cut.
But the 2025 NFL Draft changed everything. The Packers waited until the seventh round to address their cornerback needs. Cornerbacks, it turns out, are heavily overdrafted in the second round. That realization has made Alexander look like one of the best options available for the Packers’ secondary. That’s rekindled talks between the team and Alexander’s camp.
Why the Packers Need Alexander?
The Packers didn’t go after top cornerbacks in free agency or the draft, so they’re thin at the position. 12 cornerbacks were taken in the first 100 picks of the draft and other cornerback-needy teams filled gaps via trades (Jalen Ramsey) or free agency signings. Alexander could be stability at outside corner if the financials work.
As Demovsky pointed out, the lack of alternatives has forced the Packers to rethink their stance. Meanwhile Alexander might find his best opportunity in the league is to stay put depending on how much flexibility the Packers give him in restructuring his deal.
Lessons from Preston Smith’s Restructure
Contract restructures aren’t new for the Packers. Last year they messed with defensive end Preston Smith’s contract, lowering his base salary and adding performance based incentives for sacks. Smith didn’t meet those numbers and was traded midseason but the framework shows the team is willing to get creative with player contracts.
Could they do the same with Alexander? A restructure could be reduced base pay but added incentives for performance metrics like pass breakups, interceptions or defensive snaps played. That could work for both sides, keep Alexander in green and gold without breaking the bank.
What’s Changed Since April?
Just 8 days ago, Demovsky said there was “no way” Alexander would be back with the Packers in 2025. Around the same time the Milwaukee Journal Sentinel’s Tom Silverstein reported the Packers were shopping Alexander and would move on as early as February. Clearly things have changed in the last two weeks.
After the draft, Demovsky said, “The two sides were kind of looking at each other like ‘what now?’” With no upgrades coming in, the Packers are open to bringing Alexander back in, at the right price.
Where Does Alexander Stand Right Now?
Alexander participated in the Packers’ virtual OTAs during draft week but was not in the photos taken during the first day of voluntary in-person workouts on Monday. This absence raises questions about his commitment to coming back, or if negotiations are still ongoing behind the scenes.
Alexander is due $700,000 in workout bonuses in 2025, if he attends these voluntary sessions. But with things still fluid, his presence (or lack thereof) may depend on the progress of contract talks.