By now most of you have heard the Bears restructured part of Jay Cutlers $22.6M pay for 2014 into a signing bonus. They Bears converted $5M into a signing bonus that put $4M back to the salary cap, what had been sitting at approximately $6M. That gives the Bears about $10-11M in cap money. The initial reaction was the Bears had a signing imminent and everyone was holding their collective breath. Some folks thought it might be the first step in signing Jared Allen, since he was to have made a decision over the weekend, and here we are, Tuesday and he has been conspicuously quiet.
In reality, as you look at what the Bears did, it is probably nothing more than some basic salary cap maintenance. Here is why I say that, the cap is now at $11M give or take. You need $4-5M (revised upwards now) to cover the draft. That brings it back down to $6M. That is not nearly enough to sign Jared Allen. In fact, if the Bears were headed in that direction, they would have converted a lot more of Culter's $22.6M. As I understand it, they can convert up to $15M of that salary for 2014. So by taking a paltry $5M, means no Jared Allen (never say never but you get my logic). So what is the $6M going to do?
Emery will soon shift his focus to the draft and we might see the end of any major UfA deals . However, there are a few players out there that might be of interest and could be had cheaply. Sims, Carrington and Clemons to name a few. Also, the Bears have like 60 odd players under contract, they can bring 90 into camp, so they can sign about 20 more depth players. So 20 players at the vet minimums or less is about $2-3M. In the end, I would not get to excited about the restructuring of Cutler's deal.
In other news, the Cowboys have filed a grievance against Jay Ratliff. Evidently, Jerry Jones is none too pleased that when they released Jay, under failed physical, that a few weeks later he was working out with the Bears. Jerry wants Jay's $10M signing bonus for 2011 back and part of his $1.34M salary, plus monies owed for a luxury suite Ratliff bought. The problem is for Jones, is that per the CBA, there is a 50 day window to file a greivance, which has long been shut. The Cowboys know they have no chance but I guess they want to make a statement.
One last thing, when I started this blog, I had intended to write two days a week; Wednesday and one day over the weekend. Lately, it has been everyday and I greatly appreciate the comments and those that follow it. In the coming days, I will go back to twice a week, but along with that I have been offered the opportunity to be a staff writer over at Bear Goggles On (the link is on the right above the poll). I will be posting a column there on Tuesday and Thursday's. It is a great site, full of good articles, plus they having working relationship with Bleacher Report so there are those feeds too. I will keep the content separate and would encourage all of you to pop over there and take a look.
I want to thank all of you for reading and I will keep the updates and articles coming here and over at Bear Goggles On.
Update: Ralph WilsonJr the owner of the Buffalo Bills passed away at 95. Mr. Wilson was one of the original owners when the AFL started.
Update: Here is something on the lighter side and good to see the camaraderie, Wilson has to carry Jay's trophy for the evening!