According to reports, Driver's new deal will keep him under contract through the 2009 season in Green Bay. Driver had two seasons remaining on a five-year, $11 million contract that he signed in November of 2002. He reportedly received a $5 million bonus in exchange for lowering his base salary this season. The four-year deal is worth $17 million when the two remaining years of his contract are included, according to his agent, Jordan Woy.
According to updated contract information listed on the NFL Players Association Web site, Driver will make a base salary of 950,000 this season under the new deal, which also is likely to include an undisclosed amount of bonus money. According to the site, Driver's base salary will jump to $2.7 million in 2007, $2.9 million in 2008 and $3.9 million in 2009.
Driver has been Brett Favre's most reliable target over the past four seasons. He made the Pro Bowl after the 2002 season.
Driver denied recent rumors that he was unhappy with his current deal and wanted to be traded. He has said that he would never hold out for a new contract.
"I'm not that type of guy," Driver said at last weekend's mini-camp. "My thing is, I have a two-year deal, and I was going to honor it, regardless of the situation. And right now, everything is working out great, so I'm happy."
Compared to other receivers in the league, Driver's deal is less lucrative overall. Terrell Owens put his name on a three-year, $25 million contract with the Dallas Cowboys on March 18. Owens received an $8 million signing bonus. Wide receiver Reggie Wayne re-signed with the Indianapolis Colts this off-season, receiving a six-year deal worth close to $40 million. Wayne had 83 catches for 1,055 yards last season for the Colts.
Driver was seventh in the NFL among receivers last season with a career-high 86 passes for 1,221 yards and five touchdowns. He is expected to be Favre's top target again this season, especially after Javon Walker was traded to the Denver Broncos.
Walker, who recently signed a reported $40 million contract with the Broncos this week, will receive $15 million in option bonuses: $10 million in 2007 and $5 million in 2008.
Driver has yet to sign the contract, which must be approved by the National Football League.