Here’s where the Chicago Bears’ salary cap stands after re-signing Jaylon Johnson originally appeared on NBC Sports Chicago
The Bears locked up their franchise corner on Thursday, signing Jaylon Johnson to a four-year deal worth $76 million with $54 million of that contract guaranteed.
The Bears have now locked up three major facets of their defense, signing Montez Sweat at the trade deadline to a deal worth $98 million, Tremaine Edmunds to a deal worth $72 million last summer, and now Johnson. Along with DJ Moore’s $60 million contract, too, the Bears are spending a lot of money.
Where does the Bears salary cap stand now after Johnson’s signing? First, let’s quickly look at how Johnson’s four-year deal is structured, according to metrics from Spotrac.
Year
Cap Hit
Yearly Cash
1
$13.4 million
$28.4 million
2
$21.4 million
$16.4 million
3
$20.6 million
$15.5 million
4
$20.6 million
$15.5 million
MORE: Bears’ Jaylon Johnson contract extension massive win on multiple fronts
Johnson’s contract is frontloaded in yearly cash, but backloaded in cap hits, giving the Bears financial flexibility this offseason to chase blue-chip players on the free market. As it stands, the Bears have the fifth-most cap space in the NFL, owning $57.5 million in cap space, according to Spotrac.
General manager Ryan Poles did some gymnastics with Johnson’s contract. He converted $20 million of the contract into signing bonuses, all of which are spread out over $5 million annually. Johnson will earn a base salary of just under $8 million in his first year. His first-year dead cap value is around $43 million.
This contract is a win-win for the Bears and Johnson. For the Bears, they lock up their homegrown, All-Pro corner, while giving themselves flexibility to keep spending in free agency. For Johnson, he gets the long-term deal he’s been looking for while earning top guaranteed money at his position.
The Bears’ moves to cut Eddie Jackson and Cody Whitehair earlier this offseason turned out to be major cap-saving…
Source link : https://sports.yahoo.com/heres-where-chicago-bears-salary-194122138.html
Author : NBC Sports Chicago
Publish date : 2024-03-08 19:41:22
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