The sides are working out an extension that would make Rodgers the highest-paid player in NFL history, league sources told ESPN. Such a deal could net Rodgers an average of $25 million per year.
Rodgers, the Super Bowl XLV Most Valuable Player, is signed through 2014, the final year of a six-year, $65 million agreement from October 2008.
His new contract is predicted to be worth more than the six-year, $120.6 million deal signed by Baltimore Ravens quarterback Joe Flacco, as well as the contracts of Drew Brees and Peyton Manning.
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Running back Ahmad Bradshaw and the Pittsburgh Steelers could be a match if the injury-prone 27-year-old can pass medical inspection.
Bradshaw visited with the Steelers on Thursday, and the team gave him a physical. According to multiple reports, a deal could come together quickly if the Steelers don't see red flags with his health.
Bradshaw has had three surgeries on his right foot since entering the NFL as a seventh-round pick in 2007.
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The Indianapolis Colts have acquired fullback Stanley Havili from the Philadelphia Eagles in exchange for defensive end Clifton Geathers.
The Colts also announced restricted free agent tackle Jeff Linkenbach has signed his qualifying offer.
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The New England Patriots have continued an overhaul of their receiving corps, signing former Minnesota Vikings wide receiver Michael Jenkins.
Defensive lineman Vaughn Martin signed a two-year deal with the Miami Dolphins and offensive right tackle Demar Dotson signed a four-year contract with the Tampa Bay Buccaneers.
Linebacker Victor Butler agreed to a two-year deal with the Saints while Darryl Tapp signed with the Washington Redskins.
Defensive tackle Tony McDaniel agreed to a one-year deal with the Seattle Seahawks, according to ProFootballTalk.com and the Jacksonville Jaguars have decided not to pursue a trade for Seahawks quarterback Matt Flynn, according to the Florida Times-Union.