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James Jones' 1-year deal worth veteran minimum, per report

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The Packers will pay just $870,000 for the receivers' services.

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It appears that the Green Bay Packers got a bargain when they reacquired former starting wide receiver James Jones. According to ESPN's Rob Demovsky, the team will pay the veteran minimum for the veteran wideout.

For a player with Jones' NFL experience (eight years), the veteran minimum amounts to $870,000. Better still, because of the cap rules in the collective bargaining agreement aimed at giving older players a fair shake, Jones' actual impact on the salary cap stands at just $585,000. Additionally, the deal contains no signing bonus. For a player that could conceivably start for the Packers in their preferred three-receiver packages, that's eminently affordable contract.

In his last season with the Packers, Jones caught 59 passes for 817 yards and three touchdowns. The year before that, the receiver led the NFL with 14 receiving touchdowns. For his career, Jones has 383 catches, 4,971 receiving yards and 43 total scores.

Jason B. Hirschhorn covers the Green Bay Packers for Acme Packing Company. He also serves as an NFL writer for SB Nation and Sports on Earth and is a member of the Pro Football Writers of America.