The Green Bay Packers officially announced they have re-signed wide receiver Randall Cobb and quarterback Scott Tolzien.

Cobb, expected to be one of the top free agents on the market, agreed Saturday to stay with the Packers on a four-year deal that will pay him $40 million, according to reports, including $17 million in guaranteed money. He will get another chance at a big contract before he turns 30.

On the first day teams could talk with other clubs’ free agents, Cobb received six or seven offers and turned down more money elsewhere to remain with the Packers and quarterback Aaron Rodgers, NFL Media’s Ian Rapoport reported.

Cobb, a second-round pick of the Packers in 2011, caught a career-high 91 passes for 1,287 yards and 12 touchdowns last season. In four years, he has 227 catches for 3,049 yards and 25 scores over 52 games.

Tolzien’s one-year deal is worth a reported $1.375 million for last season’s third-string quarterback.

Backup Matt Flynn is still unsigned as an unrestricted free agent, so the Packers may have chosen Tolzien as the No. 2 quarterback behind Aaron Rodgers going into the 2015 season.

Tolzien was inactive for the first 15 games of last season, but dressed for the final game and both playoff games after Rodgers injured his ankle.