What happened: Wide receiver Jayden Reed and the Green Bay Packers have agreed to a three-year contract extension worth $50.25 million in new money, including $20 million guaranteed. The deal was confirmed by agents Drew Rosenhaus and Ian Grutman. It follows an offseason overhaul of the Packers' WR room.

Why it matters: Reed's rising production—207 yards and 1 TD in year one, 857 yards and 6 TDs in year two, 793 yards and 8 TDs in year three—makes him a cornerstone after the Packers let Romeo Doubs walk to the Patriots in free agency, traded Dontayvion Wicks to the Eagles, and sent Christian Watson to the Patriots for a 2027 third-round pick. The extension locks in a key offensive weapon ahead of the 2026 season. It signals stability amid roster turnover.

What to watch: Watch Packers' Day 2 draft picks and potential WR additions to round out the room.