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Packers CB Jaire Alexander’s 4-year rookie deal worth $12.1 million, per report

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The Packers have just two draft picks left to sign after Jaire Alexander agreed to a contract.

2018 NFL Draft Photo by Tom Pennington/Getty Images

NFL teams and draft picks have less to negotiate under the 2011 collective bargaining agreement than in decades past, which leads to quick agreements on contracts. That trend continues this year, with the Green Bay Packers signing first-round selection Jaire Alexander to a four-year, $12.1 million deal, according to NFL Network’s Ian Rapoport. The agreement includes a $6.8 million signing bonus and a fifth-year team option.

Alexander, the No. 18 overall selection in the 2018 NFL Draft, averages just over $3 million a year during the first four years of the agreement. Should he develop into a quality starter in the secondary, that deal would represent a tremendous value to the Packers, who don’t have to worry about the corner’s cost ballooning until 2021 at the earliest (the year 2018 draft picks can first renegotiate contracts).

More likely, Alexander will play out the five total seasons allocated under his rookie agreement should he perform well. The last two Packers first-round picks to reach their fifth seasons -- Ha Ha Clinton-Dix and Damarious Randall -- had their fifth-year options accepted. That said, the three first-rounders that directly preceded them -- Datone Jones, Nick Perry, and Derek Sherrod -- saw their fifth-year options declined.

With Alexander now under contract, only Josh Jackson and Oren Burks remain unsigned among the Packers’ 2018 draft picks.