The Packers tried to trade veteran cornerback Jaire Alexander on multiple occasions before his release earlier today, but his contract proved to be a significant barrier in completing a deal.
The Packers even reached an agreement with an unknown team on trade compensation, per Tom Silverstein of the Milwaukee Journal Sentinel, but that team did not want to absorb Alexander’s 2025 salary. He was set to earn a total of $17.5MM this season, per OverTheCap, and refused to take a pay cut to facilitate a deal, as reported by Silverstein and confirmed by NFL Network’s Ian Rapoport.
Alexander also rejected a revised contract to stay in Green Bay that would have reduced his 2025 salary and made him a free agent after the season, according to Sports Illustrated’s Albert Breer. That deal would have given Alexander the opportunity to earn back some of the money via incentives, but it also lopped off the final year of his contract that was worth $19.5MM.
The two-time Pro Bowler has been worth that kind of money when healthy, but he has struggled with a variety of injuries throughout his career with a particularly tough spell across the last four years. Since 2021, Alexander has played in just 34 of the Packers’ 68 regular-season contests, including just seven in each of the last two seasons. He underwent season-ending knee surgery
Packers outgoing team president Mark Murphy said (via WBAY’s Dave Schroeder) that Alexander “has been a great player for us,” but acknowledged that his injury history played a major factor in his release.
“Unfortunately, that’s a big part of the game,” added Murphy, who expressed confidence in the Packers’ secondary without Alexander.
“We’ve been used to it,” Murphy said, specifically mentioning former UDFA Keisean Nixon as a cornerback who could step up. Nixon spent the first three years of his career as a reserve with the Raiders, but he signed with Green Bay in 2022 and started 28 games over the last two years amid Alexander’s absences. He also earned first-team All-Pro nods in 2022 and 2023 as the league’s leading kick returner.
As for Alexander, he is expected to have a market for a one-year deal, per CBS Sports’ Jonathan Jones. His injury history may limit the base value of a new contract, but he should receive significant upside if he can stay healthy and hit playtime incentives.