New York Jets pay Aaron Rodgers' $58.3M contract bonus, freeing up $43.7M in salary cap space.

After acquiring future Hall of Fame quarterback Aaron Rodgers from the Green Bay Packers on Monday, the New York Jets are expected to create enormous salary-cap space.

According to NFL Network's Ian Rapoport, the Packers will convert Rodgers' guaranteed option bonus of $58.3 million into a signing bonus, creating $43.7 million in salary space and lowering his 2023 cap hit to $15.7 million.

Rapoport said that Rodgers plans to take his physical Wednesday, making the deal official before Thursday's 2023 NFL draft.

According to ESPN's Adam Schefter, the Packers are trading Rodgers, the No. 15 overall pick in the 2023 draft, and a 2023 fifth-round pick (No. 170) to the Jets for the No. 13 overall pick, a 2023 second-round pick (No. 42)

a 2023 sixth-round pick (No. 207) and a conditional 2024 second-round pick that becomes a first if Rodgers plays 65 percent of the Jets' offensive snaps.

The Jets' 12-year postseason streak is five years longer than the Denver Broncos'.

Last season, New York was 7-4 and in position to make the playoffs, but Zach Wilson and Mike White's poor quarterback play cost them six games and a 7-10 record.

UFC 288 in New Jersey: Belal Muhammad defeats Gilbert Burns.