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Welcome to your Morning Buzz, rounding up news and views regarding the Green Bay Packers from around the web and here at PackersNews.com.

The Packers wrap up their preseason training-camp schedule with their exhibition finale Thursday night at Kansas City.

Wednesday was a busy news day, and of course we'll start with Tom Silverstein's take on Aaron Rodgers' contract extension and what it means for the Packers' salary cap.

Tom writes:

From a salary-cap standpoint, the structure of the deal will matter greatly. The Packers were $11 million under the cap prior to the Rodgers deal.

The $57.5 million signing bonus can be prorated over five of the six remaining years, which means $11.5 million will be part of every year of the deal.

Rodgers had a base salary of $19.8 million this year and $20 million next year. However, based on reports that Rodgers would make $67.5 million by the end of the year, it’s likely his base salary this year was cut to $10 million.

In that scenario, the Packers would only be adding $1.5 million of cap charges ($11.5 million of prorated bonus minus $10 million of salary reduction). That would leave them $9.5 million under the cap.

You can read more about what Rodgers' new deal means here:

Rodgers made the contract extension official Wednesday afternoon via Instagram:

It’s been an amazing ride the last 13 years; excited to start year 14 knowing that my future is here, in Green Bay, for our 100th season. I’ve grown up in this place, and grown older and a little wiser along the way. Thank you to our incredible fan base for inspiring us players to be better year after year. Thank you to the Packers organization for standing by me time and time again and giving me the opportunity to lead this football team. And thank you to my teammates along the way, past and present who have impacted my life in so many positive ways, giving me friendships for life. Looking forward to making some more memorable moments this year, and for years to come.... #packers100thseason #packersfamily #packerforlife #midrange

A post shared by Aaron Rodgers (@aaronrodgers12) on

Former Packers receiver James Jones describes how Rodgers supplied him with the details of the extension so that Jones -- now an NFL Network analyst -- could break the story:

Rodgers looked dapper while appearing Wednesday at the Green Bay Chamber of Commerce Welcome Back Packers luncheon:

Rodgers later explained the reasons behind his wardrobe choice:

Pete Dougherty offered his thoughts on the ramifications of the Rodgers deal while fielding a wide range of questions during a two-hour chat:

Mike Freeman of Bleacher Report writes that Rodgers' deal confirms that the NFL is all about the quarterback position:

Packers left tackle David Bakhtiari tweeted his approval of Rodgers' deal:

Here's a summation of how social media reacted to Rodgers' record-setting deal:

Before the Rodgers bombshell broke, there was another big story Wednesday:

Seahawks coach Pete Carroll expressed confidence in Hundley should he be called upon to spell starting quarterback Russell Wilson:

Hundley said farewell on Twitter:

Pro Football Focus ranked both Hundley and Tim Boyle among its top-5 NFC North preseason quarterbacks:

Prediction time: This week it's Jason La Canfora of CBS Sports with his division-by-division and Super Bowl picks:

And finally, Packers receiver Davante Adams chimed in on Twitter with this take on Rodgers' deal:

 

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