Bennett accepts $1M pay cut

Discussion in 'Chicago Bears' started by Bearstuff, Sep 6, 2013.

  1. Bearstuff

    Bearstuff Yes, in the woods. Staff Member

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    Source: Bennett accepts $1 million pay cut
    September, 6, 2013
    Sep 6
    12:20
    PM ET
    By Jeff Dickerson | ESPNChicago.com
    • LAKE FOREST, Ill. -- A league source confirmed on Friday that Chicago Bears wide receiver Earl Bennett recently took a $1 million pay cut to reduce his 2013 base salary from $2.25 million to $1.25 million, but the source added that Bennett can earn the money back if he reaches a certain amount of receptions this season.
    [​IMG]
    BennettThe move opens up an additional $1 million worth of salary-cap space for the club.

    Brian McIntyre first reported the news.

    Bennett inked a four-year extension with the Bears in 2011 that included a $6 million signing bonus and $8.5 million worth of total guarantees.

    The veteran receiver returned to practice this week after missing the majority of the preseason with a concussion he suffered on August 3. Bennett said on Thursday he expects to be active for the Bears' regular-season opener on Sunday against the Cincinnati Bengals.

    Selected by the Bears in the third round of the 2008 NFL draft, Bennett has 153 career catches for 2,034 yards and eight touchdowns in his past 53 games after not catching a pass his rookie year. He set a career high with 109 receiving yards in the Bears’ 2012 regular-season finale in Detroit.

    The Bears have now freed up $3 million worth of salary-cap space in the past week after the team restructured the contract of defensive end Julius Peppers, which equated to a $2 million savings.
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  2. Bearstuff

    Bearstuff Yes, in the woods. Staff Member

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    They are clearing the decks for something. I'm thinking re-signing one of our own to an extension. Maybe if we are lucky it is someone like Peanut who has a high number this year too, and we can make more moves afterward.
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  3. The Benjamin

    The Benjamin Bear Down Staff Member

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    Good on ya mate
  4. Tarkus

    Tarkus

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    [​IMG]
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  5. The Benjamin

    The Benjamin Bear Down Staff Member

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    So with the $2M saved on Peppers and the $1M saved on Bennett the Bears now have $3M extra to spend....
  6. Huskerfan

    Huskerfan

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    Probably just money for in case someone gets hurt. In the offseason only your top 51 count against the cap, but once the season starts you have to count everyone. There will be injuries throughout the year and we need to make sure we can sign replacements since we were right up against the cap in the offseason.
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  7. A-11

    A-11

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    I wonder if the front office has someone particular in mind right now that is causing these moves, or if they are making room to see who's contract they want to extend after they get some games under their belt to evaluate.

    Edit: or add other... Like the injuries Huskerfan mentions. Emery has said before that he likes to play it close, so that his resources are being used.
    Last edited: Sep 6, 2013
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  8. riczaj01

    riczaj01

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    just posted this in the Peppers thread :p.

    Don't also forget the money they saved on Webb's restructure, and eventual cut. + any money they saved w/cutting J Scott and trading Carimi.
  9. JustAnotherBearsFan99

    JustAnotherBearsFan99 SuperFan

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    As long as Emery isn't "waiting with open arms" for Bennett, he's good. Otherwise he's toast. :-)

    [​IMG]
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  10. motownbear

    motownbear derp daderp daderpidity derp Staff Member

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    i think emery is just clearing bad deals off the books that ja was so famous killing the cap with
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  11. Tarkus

    Tarkus

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    Obvious that Emery called in a sharp cap man with these moves...

    [​IMG]
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  12. draw2anderson35

    draw2anderson35

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    Huskerfan hit the nail on the head. The team is making room for potential emergency signings during the season.

    These moves were probably orchestrated through Cliff Stein since its dollars and cents.
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  13. mdbearz

    mdbearz

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    If they wanted to trade him it would be easier with a salary that is more in line with Bennetts worth
  14. The Benjamin

    The Benjamin Bear Down Staff Member

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    Not sure $1M less will make too much of a difference
  15. Henry Burris

    Henry Burris

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    With all these restructures, and both Jay Cutler and Brandon Marshall each saying they would sign "market but fair" type contracts, we might not be in too much salary cap trouble next year.
  16. Huskerfan

    Huskerfan

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    I don't get Emery saying no extensions during the season. Part way through the season is a great time to re-sign players that are going to be free agents or to tack on a few years to key players deals. With the amount of free agents we have we need to at least lock up a few key guys so that we aren't stuck trying to fill too many holes at the end of the year.
  17. WearyBear

    WearyBear

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    I'm optimistic about the Bears. Maybe they are really trying to put a complete team on the field. After all, it's been 28 years since our last championship season.
  18. The Benjamin

    The Benjamin Bear Down Staff Member

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    It will be salary cap hell. Cutler will easily get $18-20M a year

    Marshall..... Anyone care to venture a guess?
  19. The Benjamin

    The Benjamin Bear Down Staff Member

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    There is a good reason he says no extensions during the season.

    How would you feel if your contract was up but the player next to you got an extension but you were told to wait til the off season. Pissed enough to walk away for a team that might value you more and make you a priority?
  20. Chicagoan

    Chicagoan

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    I don't know. I'm kinda with Emery on holding off. The older defensive players, while lights out last year, could be a wait and see game after this season. Plus all the 1 yr. contracts given out makes me think these players are on a try out basis. I say keep the cash until we see how our season goes and how these players pan out. Then again, I'm an accountant and hate to part with money until I really have to. My mentality may be screwing up my view on this one.
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