Bears use Automatic Conversion on Cutler's contract & create extra $4M in space

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@Aaron_Leming: “@brian_mcintyre: The Bears converted $5M of Jay Cutler’s $22.5M base salary into a signing bonus, creating $4M in 2014 cap space.” Hmmm

Pending move or two to come?


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Unannounced Fart

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Lol, I just posted the same thing. Feel free to delete.

Jared Allen come on down!!!


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tgmxd

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He's supposed to be picking a team this weekend, right?
 

Mitchapalooza

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EHC, does this effect our cap negatively in anyway for the future?
 

dabears70

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I don't think it will be j.Allen but i hope it is. I think it will be for a safety.
 

Calabis

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If they sign Allen...how do they sign the rookies that will be drafted? Dont they need like 5 mil to get the draft done? I dont know all this cap shit so someone please explain how that works.
 

Doubledown

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might be A good year to do this because it doesn't add years on the contract?
 

Enasic

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might be A good year to do this because it doesn't add years on the contract?

From my understanding is it never adds year to the contract, it just spreads out the bonus evenly throughout the length of the deal.
 

Bear Pride

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So let's get this straight. Jay's not making $22.5 mil this season? WTF? He's only making $18.5 mil? Shit, what a contract! We totally underpaid Cutler!

:andruw:

YearBaseS. BonusMisc.Cap HitDead
2014 17,500,000 - 1,000,000 18,500,000 38,000,000
2015 15,500,000 - 1,000,000 16,500,000 15,500,000
2016 16,000,000 - 1,000,000 17,000,000 10,000,000
2017 12,500,000 - 3,500,000 16,000,000 -
2018 13,500,000 - 3,500,000 17,000,000 -
2019 17,500,000 - 2,500,000 20,000,000 -
2020 19,200,000 - 2,500,000 21,700,000 -
 

tgmxd

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Today is the owners meeting, so perhaps this could be a trade coming out of nowhere.
 

Midway Fields

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tgmxd

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He is waiting for the Bears to swoop in. Phil said himself he was interested. The bears just created cap room from the bank of Jay Cutler. The writing is on the wall lol.

You would think we would have heard something about it before they created the cap space though.
 

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