Aaron Rodgers has agreed to a two-year, $75 million contract with the Jets, according to an AP source.

FLORHAM PARK, New Jersey (AP) — Aaron Rodgers has signed a new contract with the New York Jets, and he's taking a pay cut to help the team win a Super Bowl.

According to a person familiar with the situation, Rodgers agreed to a reworked two-year, $75 million guaranteed contract with the Jets on Wednesday.

On his previous contract with Green Bay, the four-time NFL MVP had nearly $110 million in guaranteed money remaining.

However, Rodgers is accepting less money in New York, implying that his stay with the Jets will likely extend beyond this season.

The person spoke on the condition of anonymity because the team did not publicly announce the deal, which will save the Jets nearly $35 million on Rodgers' salary over the next two seasons.

The NFL Network reported first that the sides had agreed to a new contract that includes no-franchise tag and no-trade clauses. 

The contract also includes two option years to help prorate a $35 million roster bonus Rodgers will receive on Sunday, in addition to his $1.8 million salary for this season.

The reworked contract came after Rodgers confirmed a ProFootballTalk report that he had agreed to a reworked contract on Tuesday night.

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