Green Bay Packers Randall Cobb
Green Bay Packers Randall Cobb (2nd R) is tackled by San Francisco 49ers Perrish Cox (2nd L) between 49ers Larry Grant (L) and Packers M.D. Jennings (R) in the second quarter during their NFL NFC Divisional playoff football game in San Francisco, California, January 12, 2013. REUTERS/Mike Blake

Coming off the best season of his career in the National Football League, or NFL, Randall Cobb is due for a huge raise and latest report state that a long-term contract extension is coming for the Green Bay Packers wide receiver. According to ESPN.com, Cobb and the Packers are working on a multi-year deal that could be worth around $36 million, or $9 million per year.

“That range would come close to the four-year, $39 million contract extension Jordy Nelson signed last year. It would also be around the average that former Packers receiver Greg Jennings makes in Minnesota ($9 million per),” ESPN’s Rob Demovsky reported in his latest update on the situation.

The move will allow the Green Bay franchise to not use the “franchise tag” on one of the most coveted WRs in the free agency market. NFL teams have an eight-day window from Feb. 23, Monday to March 2 to decide if they want to place a franchise tag on their pending free agents. Players with the franchise tag must be paid the average of the top five highest-paid players at their position or 120 per cent of the players’ previous year’s salary, as per NFL rules.

With the help of Cobb, the Packers finished the 2014 NFL regular season with a 12-4 win-loss record and won the NFC North division. In the postseason, they beat the Dallas Cowboys, 26-21 in the divisional round match-up but lost to the Seattle Seahawks in overtime, 28-22 in the conference championship. Green Bay had a 19-7 with four minutes to go in the game and lost it in one of the most embarrassing collapses in NFL history. The 24 year old Cobb has played the last four seasons with the Packers, which drafted him in the second round or 64th overall in the 2011 NFL Draft.

Cobb had career-highs of 1,287 receiving yards on 126 catches in the 2014 season when he had 12 touchdowns in 16 games in the regular season. He also came up big in the postseason, netting 178 receiving yards on 21 receptions for a touchdown. In his first three seasons in the league, caught just over 1,800 receiving yards combined.

Email j.gloria@IBTimes.com.au to contact author.

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