Report: Packers offer CB Jaire Alexander restructured deal

In an effort to resolve Jaire Alexander's contract situation, the Green Bay Packers have proposed a restructured deal to the two-time All-Pro cornerback, The Athletic reported.

The Packers' offer comes after the team discussed possibly trading the 28-year-old before the opening of free agency and the 2025 NFL Draft but couldn't come to an agreement with any potential trade partner. Per the report, Alexander and his agent have yet to agree to the proposed offer.

Alexander has not attended in-person voluntary offseason work, but The Athletic reported that he plans to attend mandatory minicamp on June 10 whether or not his contract situation has been resolved. Green Bay still has the option to trade or release him before minicamp if the sides can't come to an agreement.

"We invested a lot in Jaire and want to make sure, if he's not gonna be on our football team helping us win games, that we get something back for that investment," Green Bay general manager Brian Gutekunst said earlier this offseason. "So we'll see where it goes, but again, working with (Alexander's agent) weekly and trying to figure out what's best for both Jaire and the Packers."

Alexander has two years left on the four-year extension he signed in 2022. His base salary is $16.15 million in 2025 and $18.15 million in 2026.

If Green Bay cuts or trades Alexander with a post-June 1 designation, it would cost more than $7.5 million in dead money but with around $17.1 million in cap savings, according to Over The Cap. A pre-June 1 cut or trade would mean more than $17 million in dead money and roughly $7.6 million in savings.

Alexander was a second-team All-Pro and made the Pro Bowl in both 2020 and 2022 but injuries have forced him to miss most of three of the previous four seasons. He appeared in only four games in 2021 and seven in both 2023 and 2024.

The 18th overall pick by the Packers in 2018, Alexander has 12 career interceptions with a high of five in 2022. He also has three picks in seven playoff appearances.