As ESPN Packer reporter Rob Demovsky notes in his Friday morning article, Jones agreed to take a reduction in salary for next year. Per Demovsky:
“Jones, who was scheduled to make $16 million, agreed to cut that by $5 million in exchange for a signing bonus of $8.52 million as part of his total pay of $11 million for the 2023 season.
He had been under contract for $20.013 million, which had included a $7 million roster bonus due next month and an $8.1 million base salary. By replacing the roster bonus with the signing bonus and lowering the base salary, the Packers will significantly reduce Jones’ salary-cap figure.