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Packers agree to deal with Jacobs, McKinney

The Green Bay Packers got off to a busy start in free agency, agreeing to deals with running back Josh Jacobs and safety Xavier McKinney, and releasing longtime running back Aaron Jones.

Two people familiar with the deals said Monday that the Packers will sign Jacobs and McKinney at the start of the new league year on Wednesday. The people spoke to The Associated Press on condition of anonymity because the team hadn’t announced either move.

Green Bay traditionally has not been an aggressive team in free agency, but made big moves on the first day of the negotiating window to get two of the top players at their positions.

Jacobs was a first-round pick by the Raiders in 2019 and was given the franchise tag last season. He agreed to a re-worked deal with Las Vegas that ultimately gave him an extra $1.3 million in 2023 but never was able to reach a long-term deal with the Raiders.

Jacobs is coming off a down year, having rushed for a career-low 805 yards and six TDs in 13 games for the Raiders. But the 26-year-old Jacobs was an All-Pro in 2022 when he led the NFL with 1,653 yards and 2,053 yards from scrimmage.

In five seasons with the Raiders, Jacobs ranked third in franchise history with 5,545 yards rushing and 46 TDs. He also had 197 catches for 1,448 yards.

Jacobs will join an offense led by emerging quarterback Jordan Love, who had a strong first season as starter, and a deep group of young pass catchers featuring Jayden Reed, Romeo Doubs, Christian Watson, Dontayvion Wicks, Luke Musgrave and Tucker Kraft. All of those players, including Jacobs, are 26 or younger.

The 24-year-old McKinney was also one of the younger players on the market and will be a needed upgrade in the secondary for Green Bay. He had three interceptions and 11 passes defensed for the New York Giants last season and was one of the more versatile safeties available.

The Packers will reportedly release longtime running back Jones after adding Jacobs. The 30-year-old Jones was due a base salary of $11.1 million in the final year of a contract that was reworked before last season. The Packers will take a dead cap hit of $12.4 million for releasing Jones.

Jones played only 11 games last season as he was limited by injuries. His 656 yards rushing and 889 yards from scrimmage were his lowest totals since his rookie season in 2017. Jones did rush for 226 yards and three TDs in two playoff games last season for the Packers. In seven seasons in Green Bay, Jones had 5.940 yards rushing, 272 catches for 2,076 yards receiving and 63 total touchdowns.

The Packers also could lose backup running back AJ Dillon in free agency as he is set to hit the open market on Wednesday.

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