The Green Bay Packers made significant investments in acquiring running back Josh Jacobs through free agency, but they’ve also hedged their bets by drafting MarShawn Lloyd, who could provide a cost-effective alternative.

Jeremy Fowler from ESPN likened Lloyd, a third-round pick from USC, to Aaron Jones, the Packers’ long-time starting RB, emphasizing Lloyd’s versatility in both rushing and receiving. The team aims to integrate him early into their plans.

There’s speculation from Derek Brown of FantasyPros and BettingPros that the Packers can cut ties with Jacobs after the 2024 season without significant financial repercussions. This flexibility alleviates concerns about Lloyd’s role.

While Jacobs secured a lucrative contract with modest guarantees, his future with the team hinges on his performance. Injuries hindered his 2023 season after impressive earlier years, raising doubts about his consistency.

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Lloyd doesn’t need to surpass Jacobs outright; he just needs to offer sufficient value relative to his cost, potentially prompting the Packers to opt for the more affordable option.

Financially, the Packers are gearing up to commit substantial resources to quarterback Jordan Love, possibly in the range of $45-$50 million annually, while benefiting from a roster of young, inexpensive talent.

Given this financial landscape, the Packers are unlikely to retain Jacobs on a pricey deal unless he significantly impacts the team’s success. Even if Lloyd matches Jacobs’ production, the Packers may opt for the cheaper option to save money.

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