If you assume the cap goes up to 200MM in 2022 and another 20MM in 2023 having a guy like Rodgers being paid 35MM isn’t the end of the world. Shit, you could guarantee Rodgers this season, 2022 and 2023 and still have some money to work with. If I’m Rodgers, that should sound pretty good to me. If I’m the Packers, that still leaves you with Jordan Love 5th year club option in 2024. If Love is garbage, you can cut him loose and still maybe retain Rodgers depending on how he’s playing. If Love looks great - you have options. Play him in 2024, extend him or trade him.
What you can’t do is guarantee Rodgers 45MM+ like Pat Mahomes is making. I mean, theoretically you could in year 3, assuming the cap rebounds and goes up. Not sure I would though.
To me, it’s a simple solution. You extend the olive branch and tear up his contract and tell him you will guarantee him 3 years at an average of 35MM- which is basically what he would be making if the Packers picked up 2022 and 2023.
If it’s truly about security, I see no reason why AR wouldn’t jump on that.
The fly in the ointment is Jordan Love is also represented by David Dunn. Dunn doesn’t care about the Packers; it’s his job to maximize value and worth of both of his clients - Rodgers and Love included- because then he benefits financially. So for Dunn, the best case scenario might be for Rodgers to get traded so it opens the door to showcase Love. Or trade Love to a team to get him more exposure. But having Rodgers and Love both not play doesn’t help David Dunn’s interests one bit.