DaBronxPats14
In the Starting Line-Up
- Joined
- Nov 6, 2007
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Like I've been RANTING for last couple of years about LOCKIN UP Julius Peppers via trade/FA WAS A MUST NEED in Pass Rush dept Pats desperately needed. BB had a chance to get him. Knowing what Peppers wanted market $ wise i'm sure BB could have worked out something like Pepper's agent included in his contract. There were talks about JP comin to NE and BB was very much interested. Knowing upcoming contracts of our own players It just INFURIATES ME that something could have been worked out providing this article is legit.
Read Article Below From NFL.com :
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CHICAGO -- The Bears have restructured Pro Bowl defensive end Julius Peppers' contract to create more salary-cap room for next season.
A person with knowledge of the situation confirmed the move Thursday night. The person spoke to The Associated Press on condition of anonymity because the team hadn't announced it.
ESPN Chicago.com was the first to report the restructure.
Peppers signed a six-year deal worth potentially $91.5 million a year ago after leaving the Carolina Panthers in free agency and was due a $10.5 million roster bonus for next season. Instead, the Bears exercised their right to convert that money into a signing bonus and prorate it over the remaining years of his contract, which runs through the 2015 season.
That saves roughly $8 million in cap space for next season, giving the Bears more room to bring in free agents and retain their own.
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I believe it also gave JP 10 million dollars upfront now. If so that was a win-win for both Bears & JP.
In case of a shut down JP you can say got his lock out $ for season.
Read Article Below From NFL.com :
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CHICAGO -- The Bears have restructured Pro Bowl defensive end Julius Peppers' contract to create more salary-cap room for next season.
A person with knowledge of the situation confirmed the move Thursday night. The person spoke to The Associated Press on condition of anonymity because the team hadn't announced it.
ESPN Chicago.com was the first to report the restructure.
Peppers signed a six-year deal worth potentially $91.5 million a year ago after leaving the Carolina Panthers in free agency and was due a $10.5 million roster bonus for next season. Instead, the Bears exercised their right to convert that money into a signing bonus and prorate it over the remaining years of his contract, which runs through the 2015 season.
That saves roughly $8 million in cap space for next season, giving the Bears more room to bring in free agents and retain their own.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I believe it also gave JP 10 million dollars upfront now. If so that was a win-win for both Bears & JP.
In case of a shut down JP you can say got his lock out $ for season.
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