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Sources: Jennings close to extension

Updated: June 23, 2009, 8:52 PM ET
By John Clayton | ESPN.com

The Green Bay Packers and wide receiver Greg Jennings are in the process of finalizing a three-year extension that will keep him with the team through 2012.

According to a source, Jennings could make $27 million in new money with the deal, but if he performs at a Pro Bowl level, his new contract could be worth as much as $30 million. Jennings was in the last year of his rookie contract and was scheduled to make $535,000.

Jennings will earn slightly in excess of $16 million in ...

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