The new deal, according to multiple reports, is worth $16.1 million and includes a $5-million signing bonus.
Initially scheduled to become an unrestricted free agent March 9, Crosby was thought to be a candidate for the franchise tag.
The sides were evidently closing in on a long-term deal as Tuesday’s deadline approached, making it unnecessary to apply the one-year tender.
Following a disastrous 2012 campaign, after which his future with the Packers appeared uncertain, Crosby has quietly become one of the league’s most reliable kickers.
He’s played 10 seasons in Green Bay after joining the club as a sixth-round pick in 2007, completing 79.7 percent of his field-goal attempts.
The 31-year-old broke Ryan Longwell’s career franchise records for both field goals and extra-point conversions during a particularly strong 2015 season.
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