Big thanks to the Organization, our coaching staff, my teammates, and packer nation for the last 8 years!Excited about 7 more!#extensionThis is added to the remaining two years on his previous contract, so he's under the team's control for the next seven years. When the two contracts are combined (seven-years, $130.75 million), the average is less than the $20 million per year given in recent months to Drew Brees and Joe Flacco. But unlike those two quarterbacks, Rodgers wasn't an unrestricted free agent.
— Aaron Rodgers (@AaronRodgers12) April 26, 2013
So in one way it's a discount because he'll be paid less per year than the highest paid quarterbacks, but in another way he's setting a new standard for total contract value. The most important thing was to keep Rodgers in Green Bay for as long as possible and this extension will do just that for the next seven seasons.