Green Bay Packers sign CB Nate Hobbs to multiyear deal

The Green Bay Packers have signed cornerback Nate Hobbs to a four-year, $48 million contract, Tom Pelissero of NFL Network reported Monday.

The deal includes $16 million in guarantees. Hobbs, 25, heads to Green Bay after spending the first four years of his career with the Las Vegas Raiders. A 2021 fifth-round pick, Hobbs appeared in 51 games (38 starts) for the Raiders, compiling 281 tackles (200 solo), 14 tackles for loss, three interceptions, 19 pass defenses, three forced fumbles and three sacks. He has graded out as a top run stopper, with 81 career defensive stops (seventh among cornerbacks).

Hobbs missed time this past season with an ankle injury, suiting up in 11 games. He recorded 49 tackles (33 solo), one interception and five pass defenses. He has experience both outside and in the slot, playing 808 snaps in the slot over the last two seasons. Hobbs shared his excitement in signing with the Packers while speaking with NFL insider Josina Anderson.

“I’m ecstatic. It has not sunk in yet,” Hobbs told Anderson. “I’m still dumbfounded by the opportunity, and I am ready to get to work. Being with the #Raiders in that division and facing those quarterbacks, I feel like I’m ready for anything (in the NFC North) and I am going in with a lot of confidence. It prepared me for this.”

Packers sign Nate Hobbs, face uncertainty with Jaire Alexander

The Packers made an investment into their secondary by signing Hobbs. Now, the attention turns to the status of Pro Bowl cornerback Jaire Alexander. Last month, it was reported the team was willing to move Alexander. Green Bay has had trade conversations centered around the 28-year-old and are open to moving him “for the right price,” per Ian Rapoport of NFL Network. As of now, the team doesn’t plan to move him “yet.”

“At this point, cornerback Jaire Alexander remains a member of the Green Bay Packers,” ESPN’s Rob Demovsky wrote on X. “A source said Packers general manager Brian Gutekunst is ‘not moving him yet.’ It remains to be seen what happens if they don’t trade him and whether that would lead to his outright release.”

Alexander is one of, if not the most coveted cornerback on the market. He continues to play at a high level *when* he’s on the field. But staying on the field, has been his issue. He played in just four games in 2021, and seven in 2023. Alexander missed 10 more this past season, notably tearing the PCL in his right knee in Week 8. He underwent arthroscopic knee surgery in early January to relieve his pain and swelling.

Alexander was effective in the seven games he played in, recording 16 tackles (15 tackles solo), two interceptions, a pick-six and seven pass defenses. Alexander graded out as Pro Football Focus‘ No. 24 cornerback (75.2 overall grade).

Signed through the 2026 season, Alexander has a $25.48 million cap hit in 2025, per Spotrac. The Packers are on the hook for $19.1 million in dead cap if they trade Alexander. Gutekunst said the NFL Scouting Combine in Indianapolis that Alexander has not requested a trade.

“He loves Green Bay,” Gutekunst said, via Tom Silverstein of the Milwaukee Journal Sentinel. “He has a lot of energy when he’s in the building. He’s still around. We’ll work through that and see where that leads.”