Bears restructure Peppers' contract again

Discussion in 'Chicago Bears' started by JustAnotherBearsFan99, Sep 4, 2013.

  1. JustAnotherBearsFan99

    JustAnotherBearsFan99 SuperFan

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    "In 2015, Peppers’ base salary is $16.5 million and this move pushes his salary cap for that season to $20,683,335."

  2. a_miljan

    a_miljan

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    good move!
  3. JustAnotherBearsFan99

    JustAnotherBearsFan99 SuperFan

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    I've never understood the cap moves. So I need one of you "smart people" to help me here. Can we just walk away from the contract in 2015 or are we struck with a $20-million dollar cap hit that year? Or is it a percentage hit? Can you just cut him then?

    I love Pep, but a cap hit of $20-mil would be crippling for a 36 year old lineman. I don't see how we could ever pay that.
  4. mdbearz

    mdbearz

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    Surprised Pep will go along with this, there is now way he will be worth 20 mil in 2015.
  5. The Benjamin

    The Benjamin Bear Down Staff Member

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    I have a feeling he gets cut before then
  6. JustAnotherBearsFan99

    JustAnotherBearsFan99 SuperFan

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    Maybe Emery will pay him in Monopoly money :-)

    [​IMG]
  7. a_miljan

    a_miljan

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    or maybe a suitcase of this[​IMG]
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  8. The Benjamin

    The Benjamin Bear Down Staff Member

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    Bears are only on the hook for the 16+ I believe if (WHEN) he gets cut before the 15 year
  9. GermansbombedPH

    GermansbombedPH

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    Ok... what will his Cap Hit be if we cut him after this season?
  10. Bearstuff

    Bearstuff Yes, in the woods. Staff Member

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    Great question JABF!

    Essentially, what this does is 2 fold. First, this increases the likelihood that Pep will be cut in one of the next two years. Second, if that happens, our cap hit for him will be the guaranteed portion of the remaining contract ($8,366,668) instead of $18M or $20M.

    So this is a "fram oil filter" move. We will pay more later either way. That payment will come via $8M in dead cap space or huge "live" cap cost.
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  11. a_miljan

    a_miljan

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    i think it is a very good decision, and also I believe Pep can be with us next 2 years
  12. Bearstuff

    Bearstuff Yes, in the woods. Staff Member

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    I should point out that if Pep is cut in either of the next two years that will still be much cheaper than paying him to stay. The question is whether his pay warrants the difference necessary to keep him.
  13. soulman

    soulman

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    The cap hit would be whatever the remainder of his unamortized signing bonus is. I don't have it to the penny but with this last restructure it would leave about $8.4 mil of dead cap space we'd need to recapture. His salaries wouldn't be a part of it since he's no longer being paid after he's released.

    FWIW, if you're keeping track this move will increase his cap cost by $1 mil each of the next two years.

    EDIT: Best estimates for his future cap cost are;

    2014; $18.183 mil Salary portion; $13.9 mil
    2015; $20.683 mil Salary portion: $16.5 mil

    Since the majority of his cap cost is in his salary it makes sense that Emery will ask him to reduce that in order to get his cap costs down and if not then at some point he'll probably let him go. We'll know more after this season whether or not somebody is ready to step into his shoes but those are God damn big shoes. He's played well enough to be a HOF candidate.
    Last edited: Sep 4, 2013
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  14. riczaj01

    riczaj01

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    Wonder what the cap space is w/all the cuts and this restructure and Webb's, plus the trade. I know they've been making room just wondering how much, and what they plan on doing w/it.
  15. zelezo vlk

    zelezo vlk

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    Is this a sign of a pick up to come?
  16. Huskerfan

    Huskerfan

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    We should have over 30 million in salary cap room next year, but we have a ton of key free agents. If we cut Peppers that would free quite a bit more.
    Key Free Agents next year
    Cutler
    Hester
    Garza
    Slauson
    Melton
    Wooten
    Costanzo
    Anderson
    Williams
    Hayden
    Tillman
    Jennings
    Wright
    Gould

    Cutler, Tillman, Jennings, Melton are all big money. Wooten, Wright and Gould could all get nice contracts.

    If we cut Peppers it would probably be to sign some of these players
  17. Huskerfan

    Huskerfan

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    The best way to get cap room is to extend one of our high priced veterans and then convert this years salary into a signing bonus.
    For example Melton makes 8.45 million this year...if we would have signed him to an extension, say 4 years 36 million. Give him a 10 million SB.
    2013 2.5 SB 1 Base 3.5 Cap hit...saves 4.95 this year
    2014 2.5 SB 6 Base 8.5 Cap hit
    2015 2.5 SB 7.5 Base 10 Cap hit
    2016 2.5 SB 12 Base 14 Cap hit

    Basically it is a 3 year deal with a 2.5 million dollar cap hit in 2016. You can't do this with everyone, but I would much rather do something like this than push Peppers cap number up in the following years.
  18. weneedmorelinemen

    weneedmorelinemen

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    In 2015, we will be required to cut everyone on the team except for Unga. Unga is the only player that will remain on the practice squad, PUP list, inactive ready reserve, or futures contract of his choosing. This will remain until he finally leaves the team, but we bring him back on a one day contract so he can retire as a Bear.
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  19. weneedmorelinemen

    weneedmorelinemen

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    Garza is a key free agent. I love it. Bring back the Immortal Roberto Garza.
  20. motownbear

    motownbear derp daderp daderpidity derp Staff Member

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    ok we are under the cap yet they make this move. Is there a re-signing of a player coming?
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