Aaron Rodgers will reportedly sign a four-year, $200 million extension with the Green Bay Packers that will make him the highest paid player in NFL history, according to NFL Network's Ian Rapoport.
Rodgers had been a massive favorite to re-sign with Green Bay despite chatter that he was on his way out as recently as six months ago.
There had been momentum that he was heading to the Broncos after Denver hired several people close to Rodgers.
Denver was roughly +350 to have Rodgers as their starting quarterback in 2022.
Meanwhile, Green Bay was -550 by that same metric before the news dropped.
The lifelong Packer just wrapped up one of his best seasons, throwing for 4,115 yards with 37 touchdowns and just seven interceptions. That was good enough for his second straight NFL MVP.
Still, it wasn't enough to get the Packers over the line.
Green Bay and Rodgers failed to make the Super Bowl for the 10th straight season — their second straight as the No. 1 seed in the NFC.
How Packers 2022 Super Bowl Odds Have Changed
The Packers had been around 16-1 to win the Super Bowl across the market prior to news that Rodgers would re-sign.
Most books have promptly shortened those odds.
FanDuel, DraftKings and BetMGM are now at 10-1. PointsBet lists the Packers at 11-1.
Caesars has Green Bay at 12-1.
In a corresponding move, the Broncos have seen their odds lengthen.
Denver had been around 18-1 to win the Super Bowl earlier this morning.
As of Tuesday afternoon, those odds have dropped to 25-1 at DraftKings and BetMGM and 22-1 at FanDuel, PointsBet and Caesars.
