Bears have gotten money back from Ellis

Discussion in 'Chicago Bears' started by short faced bear, Jul 29, 2013.

  1. short faced bear

    short faced bear Assistant Head Coach
    DBS Writer

    Mar 29, 2009
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    By Brad Biggs, Tribune reporter

    4:54 p.m. CDT, July 28, 2013
    BOURBONNAIS— The Chicago Bears have recouped the money they paid retired defensive tackle Sedrick Ellis and his replacement Jamaal Anderson will take up almost the same room under the team’s salary cap.

    Ellis received a $285,000 signing bonus from the Bears but that has been processed after he opted to retire and did not show for training camp, landing on the reserve/retired list. The team had signed the former first-round pick of the Saints to a $1 million, one-year contract with $500,000 guaranteed. Ellis had $215,000 of his $715,000 base salary guaranteed, but that money will not be paid out now.

    All of the $1 million will not be credited back to the Bears’ salary cap this season, though, because Ellis retired. The club will receive the difference in a credit toward its 2014 salary cap.

    Anderson, a first-round pick of the Falcons when Bears general manager Phil Emery was the college scouting director in Atlanta, was signed for the minimum. His one-year contract is worth $715,000 with no guarantees.,0,5083928.story
  2. Mr. Deliverance

    Jul 29, 2013
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    A credit towards the '14 cap is good. We need as much room as possible to lock in the guys that are the core of this team going forward.

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