GOOD NEWS: Green Bay Packers Thrashes…

With hopes of returning to the postseason, the Dallas Cowboys and Green Bay Packers will each start the 2024 season. The Cowboys’ 2023 season was built around hopes of winning the Super Bowl. The 2023 season was devoted to the Packers trying to determine whether they had another franchise quarterback in their possession (which they do).

The Packers and Cowboys are now involved in a trade that has the potential to significantly impact both teams.

NFL Analysis’s Matthew Schmidt brought attention to this situation:

Alexander, does the Cowboys need him? Not necessarily, considering that DaRon Bland had a breakthrough season in 2023 and Trevon Diggs will return from an ACL tear the following season. But they’ll probably lose Stephon Gilmore to free agency, and in a passing-heavy league like this one, having multiple quality cornerbacks is becoming increasingly valuable. Dallas might try to steal Alexander from Green Bay.

The Packers might actually trade for Alexander if the Cowboys offer them a first-round pick in 2024.

Alexander has a $84 million, four-year contract that expires in 2026. The top defensive back appears to believe that his time with the Packers may be coming to an end. He recently thanked Green Bay fans for the last six years in a cryptic but not so cryptic social media tweet.

Alexander only appeared in seven games this season due to injuries and a ban, so it was undoubtedly a difficult season for him. Perhaps his antics are getting old on the

organization, and although in good condition he is an excellent cornerback, Green Bay might be considering if he is still worth it.

The Cowboys are a club in dire need of improvement. Despite having three consecutive 12-win seasons, they have not advanced past the Divisional Round. The Packers defeated Dallas in the Wild Card Round this year. In fact, Alexander caught Dak Prescott off guard in that particular game.

Right now, it wouldn’t be financially prudent to part ways with Alexander. Last season, the team and Alexander agreed to a four-year, $84 million contract extension. At the time, of the $84 million, only a $30 million signing bonus was guaranteed. That bonus was prorated (at $6 million annually) over Alexander’s five-year contract above the salary cap.

Alexander would therefore have a base dead cap of $18 million in 2024 (the remaining signing bonus dead cap) if he were to be traded or released. Additionally, a sizable amount of Alexander’s 2023 compensation was reorganized as a bonus. The additional $9.4 million from the new bonus will raise the dead cap total in the event that the organization decides to part ways with Alexander in 2024.