Its a trade compensation thing, according to Schefter. The Packers want a Matt Stafford type haul from the trade. The Jets want the Brett Favre deal, which was a conditional 4th round pick. That pick became a 3rd rounder if Favre played half of the teams offensive snaps. It went to a 2nd rounder if he played 70% and the Jets made the playoffs. It became a 1st if the Jets reached the Super Bowl and Favre played most of the snaps.
The Jets already know what Rodgers contract looks like and they went after him anyways. And I will add two more things. First, Rodgers camp built a strange deal that clearly had this moment in mind. From what I can gather the Packers have to eat $40M no matter what. Its just a matter of whether they eat it all at once or wait until June 1st to split it. Rodgers has an option that can be excercised to bring his cost for the season down. If the Packers excercise the option and then trade him, it means the Packers have to eat $100M. If he gets traded and then the Jets excercise the option, he only counts $16M.
The second thing I will say is that Rodgers has said he would be willing to renegotiate his deal with “the right team.”
Supposedly, per profootballrumors report, the financial/salary cap aspect of the trade are already finalized. The issue is trade compensation as the Jets don’t know, or aren’t telling GB(more likely the case imo), how long they will have Rodgers under center.
If it’s only a year then the compensation is a lot less and it’s why I think you hear the GB GM say they are willing to deal him without a first round pick involved. Well, one of the reasons.