Cornerback Jaire Alexander turned down a restructured deal before the Green Bay Packers decided to release him, according to reporting from Albert Breer of MMQB.com. This aligns with previous reporting on the two sides attempting to find a solution financially.
The offer was a “reduced, incentive-laden” deal that would have allowed Alexander to be a free agent following the 2025 season, but the veteran cornerback “didn’t like the structure” of the deal and turned it down, per Breer. A restructured deal was the only path to reconciliation for Alexander and the Packers, so a declined offer was likely the last option before a release.
Matt Schneidman of The Athletic reported the Packers offered a restructured deal to Alexander last month.
Unable to find common ground on a contract and with his current contract creating a massive hurdle for a trade, the Packers and Alexander are now splitting ways via a release in June.
The timing is not random. The Packers begin a mandatory minicamp on Tuesday, and Alexander was reportedly planning to attend. The team couldn’t have a player in limbo on the practice field and risking a major injury.
Alexander had two years left on his current deal, an $84 million agreement signed in 2022. The problem moving forward? Alexander has missed 10 or more games in three of the last four seasons, including 20 of the team’s last 34 regular season games since 2023. The Packers likely needed to reduce his salary — or make it incentive-based on his availability — to keep him in 2025. But the two sides couldn’t agree on what a restructured deal should look like.
Alexander will now hit the open market, free to sign with any team.