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Garrett Wilson likely extension after Justin Jefferson

Garrett Wilson is entering his third NFL season. That means a Garrett Wilson extension is looming for the Jets in 2025, but what should it look like?

Garrett Wilson likely extension after Justin Jefferson

The Minnesota Vikings used the fifth-year option on Justin Jefferson, and he’s now getting a huge payday. His new extension has a total cap value of $140 million over potentially four seasons. Of the $140 million, $110 million is guaranteed. Ian Rapoport was the first to tell the story.

What does that mean for an extension for Garrett Wilson? Let’s see.

The key to the contract is not just the years and the total potential value of the contract. The most important thing is how it is structured.

Currently, Wilson is owed $3,507,819 through 2025 (base salary: $1.1 million, guaranteed roster bonus: $2,407,819). His prorated signing bonus from his rookie contract is $3,032,092, for a total cap hit of $6,539,911.

According to the information we have, if Jefferson plays out his contract – such as it is – he will earn an average of $35 million per season.

Aaron Rodgers and Tyron Smith’s contracts and how it affects the structure

The Jets can still exercise a $35 million option on Aaron Rodgers next season if he decides to play. However, that leaves a $63 million dead cap hit for 2026.

There’s also another song that looms large. Tyron Smith is unlikely to receive any incentives on his deal at this time. Whatever he earns will cause a loss – known as an adjustment – ​​to next year’s cap number for the Jets.

Rodgers’ decision to want to play, the Jets’ decision to exercise the option, and Smith’s incentives will have a major impact on how the contract is structured.

Let’s look at the best/worst case scenario.

The impact of Aaron Rodgers’ contract AND Tyron Smith earning all his incentives

This is both the best and worst case scenario for the Jets. From a team perspective, this is the best-case scenario because it means the Jets won the Super Bowl. From a cap perspective, this is the worst-case scenario as it will result in a cap loss of $66 million in 2025.

From Wilson’s contract perspective, this could mean a lower signing bonus. However, there is a way to cap the signing bonus for future seasons to get him signed: guaranteed option bonus(es).

Option bonuses are treated like signing bonuses. They are calculated pro rata over the duration of the contract. That said, the cash is paid in full upfront. So let’s say this scenario plays out and the Jets and Wilson are able to make a deal in 2025. He would receive a small signing bonus in 2025, which would count against the cap for five seasons. The contract could include a guaranteed option bonus in 2026, allowing him to get his full salary upfront while leaving enough cap space to sign free agents and expand the Jets. If Rodgers were to continue playing into 2025, the 2026 option bonus would almost be a must, as Rodgers has a $63 million dead cap hit in 2026.

Example of a Garrett Wilson contract structure

maximum value
Maximum number of years: 4
Guaranteed base salary: $50 million
Signing bonus: $15 million
2026 Option Bonus: $25 million
Maximum total value: $120 million

Guarantees: base salaries 2025-2028, signing bonus, option bonus 2026

Year Basic salary Prorated signing bonus Roster bonus Other bonus Guaranteed salary Hood number
2025 $1,100,000 $6,032,092 $2,407,819 $0 $1,100,000 $9,539,911
2026 $1,215,000 $3,000,000 $0 $5,000,000 $1,215,000 $9,215,000
2027 $23,785,000 $3,000,000 $0 $5,000,000 $23,785,000 $31,785,000
2028 $25,000,000 $3,000,000 $0 $5,000,000 $25,000,000 $33,000,000
2029 $30,000,000 $3,000,000 $0 $5,000,000 $0 $38,000,000
2030 VOID VOID VOID $5,000,000 VOID $5,000,000

Ultimately, the Jets will have to get creative to keep their best receiver while preserving cap space for the future.

Main image: Vincent Carchietta – USA Today Sports