April
Clay Matthews Is Not Worth His Contract
Last week Clay Matthews III signed a new 5-year extension with the Packers that made him the highest paid linebacker in the history of the NFL. The press release announced that Matthews was awarded a $66 million extension that averages $13.2 million yearly, which just barely eclipses Dallas Cowboy outside linebacker DeMarcus Ware’s 2009 extension that averaged $13 million yearly. However, as the title has mentioned I personally don’t feel that the contract signed by Matthews is worth it. Furthermore, I’m a little surprised that so many Packers fans are okay with the deal.
What Packers fans should be doing is jumping up and down with joy.
For all intents and purposes, the Packers just got away with “grand theft Matthews”. While initially it looks like Matthews was rewarded handsomely for his services and now can claim to be the highest paid linebacker in NFL history, if you dive deeper into the structure of the deal, it’s pretty obvious that general manager Ted Thompson and lead contract negotiator Russ Ball really got the better end of the bargain.
With the NFL rumor mill ablaze during the combine, multiple sources have reported/claimed/inferred/guessed/made up/straight up fabricated news that Greg Jennings was a candidate for the franchise tag (Jennings did not receive the tag after all that) and that the Packers were getting sick of Jermichael Finley’s off the field antics and on the field inconsistency are were looking to part ways with the tight end, whether that be from trade or ultimately by cutting him.


Let’s play devil’s advocate one more time and look at why the Packers should trade up in the NFL draft. This time I will be looking purely at the economics of the draft. The classic example that Packer fans love in the 2005 NFL draft where Alex Smith was given the biggest rookie contract of all time at that point with $45.9 million deal with $24 million guaranteed while Aaron Rodgers only commanded a $7.7 million deal (less than Smith’s guaranteed contract) with $5.4 million guaranteed. I’m not going to go in the relative value of Smith vs. Rodgers as players (as countless writers including myself have beaten the topic to death) but the take home message is that the Packers couldn’t lose economically: if Rodgers is the next Bart Starr, then they’ve got him at a discount for the first 5 years, if he’s decent the Packers paid a fair market value for him and if he’s a bust they can cut Rodgers without much penalty. Smith on the other hand had to succeed; it was the only way to justify his massive contract. 











