GREEN BAY, WI (The Spread) - The Packers re-signed Randall Cobb on Saturday before the free agent receiver even had a chance to cash in somewhere else.

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Green Bay re-signed Cobb to a four-year, $40 million contract according to ESPN's Adam Schefter on Twitter. The receiver will be under contract with the team until age 29, when he can hit the market again in search of one last big payday.

Cobb caught 91 passes for 1,287 yards and racked up 12 touchdowns in 2014 and was expected to draw interest from teams like the Texans and Chargers if he hit the open market next week. Instead, he re-joins Aaron Rodgers and the Packers, who no doubt will be counting on Cobb to be a big part of their offense again next season.

According to oddsmakers from online sports book Bovada.lv, the Packers are currently 7/1 to win the 2016 Super Bowl after opening with a 8/1 odds. They're also 17/4 to win the NFC Conference Championship next season.

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