Aaron Banks
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The Packers have restructured Aaron Banks' contract ahead of free agency
The Green Bay Packers have been hard at work ahead of the start of free agency. With the team looking to be aggressive this offseason, the front office wants to have as much cap space as possible at its disposal. As a result, the team has made several important decisions regarding its offensive line as of late.
While Green Bay knows it won’t be re-signing Malik Willis, one guy it would like to keep in town is left tackle Rasheed Walker. Considering how he’s set to be the top tackle available on the open market, though, that’s going to be easier said than done. After signing Sean Rhyan to a contract extension on Sunday morning, the Packers made another notable move involving left guard Aaron Banks that could impact the team’s quest to re-sign Walker.
Packers Restructure Aaron Banks’ Contract Ahead of Free Agency
Jeremy Fowler
Packers are doing a simple restructure of OG Aaron Banks’ contract to reduce his $24.8M cap hit, per source. He’s due $7.7M base and $9.5M roster bonus, which the team can prorate.
With Sean Rhyan signing, two IOL spots solidified in GB. Must address Elgton Jenkins’ future
Green Bay knew it would have to make some moves involving its offensive line this offseason with Walker needing a new contract. While the Packers want to keep him in town, doing so is going to be expensive, which means the front office needs to know what its plan is for the offensive line, regardless of whether or not he returns.
A big decision was made on Sunday when Rhyan was handed a three-year, $33 million contract extension. That seemingly paved the way for Elgton Jenkins to be on the move this offseason, as Green Bay is now expected to either trade him or release him in an effort to save even more money against the salary cap.
Before doing that, though, the team looked at Banks, who signed a four-year, $77 million contract with the Packers in free agency last offseason. Green Bay is reportedly already tweaking this contract, as it has restructured Banks’ deal in order to lower his massive $24.8 million cap hit, creating more cap space for the team right before the start of free agency.
“Packers are doing a simple restructure of OG Aaron Banks’ contract to reduce his $24.8M cap hit, per source,” Jeremy Fowler of ESPN reported in a post on X. “He’s due $7.7M base and $9.5M roster bonus, which the team can prorate. With Sean Rhyan signing, two IOL spots solidified in GB. Must address Elgton Jenkins’ future.”
Will the Packers Be Able to Re-Sign Rasheed Walker?
Rasheed Walker left tackle Green Bay Packers
GettyGREEN BAY, WISCONSIN – OCTOBER 12: Rasheed Walker #63 of the Green Bay Packers in action against the Cincinnati Bengals at Lambeau Field on October 12, 2025 in Green Bay, Wisconsin. (Photo by Michael Reaves/Getty Images)
Regardless of whether or not the Packers trade or release Jenkins, they would save over $19.5 million by moving on from him, which is likely why the team is prepared to turn things over to Rhyan at the center position. With Walker coming perilously close to hitting the open market, Green Bay could make a move involving Jenkins very soon in order to free up even more money.
Once Walker hits the open market, though, all bets are off. The Packers are expected to be aggressive in their efforts to retain him, but bidding against 31 other teams is significantly more difficult than bidding against yourself. Restructuring Banks’ deal will help make life easier for Green Bay, but it feels like there is still work to be done in this department before free agency opens up.