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Aaron Rodgers has contract offer from Green Bay Packers that would alter QB market, source says

The Green Bay Packers have made a significant long-term contract offer to Aaron Rodgers that would alter the quarterback market, a source told ESPN.

Terms of a potential new contract could always change, but a three- or four-year deal would help Green Bay's salary cap situation while giving Rodgers, 38, contractual clarity well into his 40s.

Green Bay is currently more than $27 million over the cap just nine days before the start of the new league year. The Packers were expected to offer Rodgers a new deal at some point this offseason, with the dual intention of getting under the salary cap and also providing market-level compensation for the two-time reigning league MVP.