Green Bay, WI (SportsNetwork.com) - The Green Bay Packers have re-signed wide receiver Randall Cobb and backup quarterback Scott Tolzien, the team announced on Monday.

According to reports over the weekend, Cobb received a four-year deal worth $40 million with $17 million guaranteed. He turned down several other offers to stay with the Packers.

Cobb, 24, was regarded as one of the top players primed to hit free agency after a career season in which he caught 91 passes for 1,287 yards and 12 touchdowns over 16 games.

He was named to his first career Pro Bowl and became just the fifth player in team history to register 90-plus receptions in a season. He teamed with Jordy Nelson to become the first teammates in NFL history to register 90-plus receptions, 1,200-plus receiving yards and 12-plus touchdowns in the same season.

The Kentucky product has compiled 227 receptions for 3,049 yards and 25 scores in 52 games over four seasons with the Packers.

Tolzien served as the third-string quarterback behind Aaron Rodgers and Matt Flynn last season. The Wisconsin product played in three games with two starts in 2013, throwing for 717 yards, one touchdown and five interceptions.