Bennett accepts $1M pay cut

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

  1. Bearstuff

    Bearstuff
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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
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    Yes, in the woods.
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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
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    George Halas
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    Good on ya mate
     
  4. Tarkus

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  5. The Benjamin

    The Benjamin
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    George Halas
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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

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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

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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.
     
    #7 A-11, Sep 6, 2013
    Last edited: Sep 6, 2013
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  8. 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

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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

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    derp daderp daderpidity derp

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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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