The Green Bay Packers have been notorious non-spenders.
After all, it’s hard to fault a team that fans own.
They are not like the Dallas Cowboys or the New England Patriots who have a principal owner who can quickly bankroll huge signings.
However, the Packers have changed the tone by going on an offseason splurge.
Updated #NFL Offseason Spending Totals
— Spotrac (@spotrac) May 16, 2022
Spotrac pointed out that the Packers spent the third-highest cost in total contracts at $462 million.
They are also third in new guarantees with $245 million.
To further break down their spending, Green Bay signed 17 players off waivers and gave four contract extensions.
They also acquired six free agents and signed eight of their 11 draft selections.
The Packers also signed 14 undrafted free agents.
The bulk of their spending comes from the four extensions which totals to $336.8 million.
Reigning Most Valuable Player Aaron Rodgers takes the biggest chunk from that amount after signing a three-year, $150 million contract.
Green Bay also gave outside linebacker De’Vondre Campbell a five-year, $50 million extension.
Fellow linebacker Preston Smith also got a four-year, $52 million deal.
Finally, Jaire Alexander became the highest-paid cornerback in terms of annual average value after agreeing to a four-year, $84 million contract.
Other Noteworthy Packers Signings
The Packers retained tight end Robert Tonyan on a one-year, $3.5 million deal.
It was rumored that Green Bay pushed to trade for Darren Waller but it did not materialize.
Green Bay also acquired wide receiver Sammy Watkins on a one-year, $1.85 million contract.
The team expects him to somewhat fill the void left by Davante Adams who joined the Las Vegas Raiders.
The Packers have also signed their first-round picks in the 2022 NFL Draft.
Defensive tackle Devonte Wyatt agreed to a four-year, $12.8 million deal while Quay Walker got a four-year, $13.8 million contract.
With these signings and contract extensions, the Packers are looking to maintain their dominance over their division.