Signs one-year extension

Love agreed Tuesday with the Packers on a one-year extension worth up to $22.5 million, including $13.5 million fully guaranteed, Adam Schefter of ESPN reports.

Love and the Packers found a workaround shortly before the deadline to lock in fifth-year options for 2020 first-round picks. The team apparently wasn't comfortable guaranteeing Love a $20.3 million salary for 2024, so instead he accepted a one-year extension with a smaller guarantee and a slightly higher ceiling. The 24-year-old is set to take over as Green Bay's starting quarterback after the Aaron Rodgers trade, leading an offense with Aaron Jones and AJ Dillon in the backfield and Christian Watson, Romeo Doubs and Jayden Reed projected as the top three wide receivers. The Packers took Reed in the second round of the 2023 NFL Draft while also adding tight end Luke Musgrave in round two, tight end Tucker Kraft in round three and wideout Dontayvion Wicks in round five.