Aaron Rodgers and the Green Bay Packers have agreed on a five-year, $110 million contract extension, a source told ESPN NFL Insider Adam Schefter.
The deal would set the highest salary in NFL history, eclipsing the $120.6 million over six years the Baltimore Ravens gave quarterback Joe Flacco in March.
Rodgers will make $40 million in 2013, a league source told ESPN senior NFL analyst Chris Mortensen. The deal will add five years on top of the two years Rodgers has remaining on his contract, and keep Rodgers in Green Bay through the 2019 season, a source told Schefter.
The Packers announced Friday that they'd signed the quarterback to a contract extension, though the team didn't release details.
"An exciting day for our football program," Packers coach Mike McCarthy said in a statement. "Aaron is an excellent illustration of a Green Bay Packer. It is truly a blessing to witness his continued accomplishments, both on and off the field."
Rodgers was to address the media later Friday at Lambeau Field.
Locking up Rodgers was a priority for the Packers, who also reached a long-term extension with linebacker Clay Matthews this month. The Packers are 53-27 in Rodgers' five years as a starter, and he led them to the Super Bowl title following the 2010 season.
He has thrown for 21,661 yards and 171 touchdowns, and has had a quarterback rating of 101.2 or better in all but one season as a starter. His quarterback rating of 122.5 in 2011 is an NFL record.
"Aaron is a true professional and a special player," general manger Ted Thompson said in a statement. "He works hard, is humble, and is focused on his actions, on and off the field. He is an excellent teammate and pushes himself and others to be the very best. We are happy to reach an agreement to extend his career with the Packers."