So now that we know the new cap is higher than what was estimated, now officially at $127 million, where does that leave the Bears now, at 40 million under?

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Chitown777:

 So now that we know the new cap is higher than what was estimated, now officially at $127 million, where does that leave the Bears now, at 40 million under?

yeash we are $38 million under no( i had our estimate higher alreasdy at 125 not the 123 many were using) .. and this explains as suspected why so mnay signed before F/a, teams knew this extra money coming last week

 

Salary cap expands to $127 million for 2009 By Adam Schefter

Posted: Adam Schefter | Adam Schefter | Tags: Free Agency 2009, Salary cap

As we roll toward the opening of free agency this evening there isn't quite the anticipation there was a year ago when the Bears had a handful of players entering the open market. The action started with the team doing what it could to keep wide receiver Bernard Berrian. When that mission failed, the Bears put the squeeze on linebacker Lance Briggs, getting him to return at their price while some key role players (who were missed last season) departed in special teamer Brendon Ayanbadejo and tight end John Gilmore.

There just won't be that kind of drama this weekend, at least not that we see right now peering into our crystal ball. A phone call to Miss Cleo might confirm our hunch. It's important as we move forward to take stock of where the team is right now with the salary cap. We've reviewed the information when it comes to the 2009 salary cap, which was referenced in this story today, and have the cap numbers for projected starters. This provides an idea how the Bears have budgeted and where they're at. It's similar in many ways to how the money was distributed last season.

Kreutz and Wale should restructure. What a waste.

PS We need a stud Safety on the team.

 I truly believe we will get TJ Hous Yo Mama, or another #1 WR. Hester isn't a #1

I think we'll grab a DE like Price and a couple OT's

I am staying up all night expecting some breaking news

 

........................To Be Continued

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The Bears have made their first move toward filling some of the obvious holes on their roster by signing offensive lineman Frank Omiyale to a four-year contract.

Omiyale, who spent the last two seasons with the Carolina Panthers, has signed a deal worth between $11.5 million and $14 million, according to an NFL source.

He got his first real NFL action this past season when he filled in for Panthers left tackle Jordan Gross for the Oct. 5 game vs. Kansas City. Carolina won 34-0, piling up 205 yards rushing. Omiyale, 26, can play either tackle position and could probably move inside also. The 6-4, 310-pounder was originally a fifth-round pick by the Atlanta Falcons in 2005 out of Tennessee Tech. The Panthers claimed him off waivers in 2007 and he had been a backup there.

The Bears have made their first move toward filling some of the obvious holes on their roster by signing offensive lineman Frank Omiyale to a four-year contract.

Omiyale, who spent the last two seasons with the Carolina Panthers, has signed a deal worth between $11.5 million and $14 million, according to an NFL source.

http://blogs.suntimes.com/bears/

Jones receives a $500,000 signing bonus, a $500,000 roster bonus this month and a $1 million base salary in 2009. Next year, he'll get a $350,000 workout bonus and a base salary of $1.15 million.

so his cap # is

2009-500,000 Rb+500,000SB =$1 mill sal= $2 mill cap number

2010-350,000 work out bonus, $1.15 salary.

updated cap numbers for omilaye:

Let's look at the numbers:

2009( 4.95 mill cap #)

$1.8 million signing bonus
$3.7 million roster bonus
$620,000 base salary
$180,000 workout bonus

Total: $6.3 million

2010( 1.95 mill cap #)

$1.25 million base salary
$250,000 workout bonus

Total: $1.5 million

2011($2.3 mill cap #)

$1.6 million base salary
$250,000 workout bonus

Total: $1.85 million

2012(2.3 mill cap #)

$1.6 million base salary
$250,000 workout bonus

Total: $1.85 million

*** Escalators exist in 2011 and 2012 and they are believed to be based on play-time incentives.

http://blogs.suntimes.com/bears/2009/03/dollars_and_sense_the_frank_om.html#more

John St. Clair-T- Bears Mar. 9 - 8:42 pm et
		Bears beat writer Brad Biggs expects a resolution between the team and free agent OT John St. Clair by the end of the week. St. Clair isn't getting much interest elsewhere and Chicago can guarantee him a starting job at right tackle, so it's likely he'll return. The 32-year-old figures to command a three-year deal in the $12-15 million range. Source: Chicago Sun Times

metcalf cut,,, we take a cap hit of $1.749 mill of unamortized SB, but save 1 mill of salary, so cost .749,000 of space but rid of the lard butt

 

Terrence Metcalf-G- Bears Mar. 4 - 8:32 am et
		The Bears re-signed OL Terrence Metcalf for six years and $12.5 million. The deal includes a $3.5 million signing bonus. He'll battle Roberto Garza, who's also a locked up long-term, for a starting guard spot. The Bears are in good shape on the interior offensive line. Source: Chicago Sun Times

Josh Bullocks-DB- Bears Mar. 11 - 4:30 pm et
		Bears signed S Josh Bullocks to a one-year, $1.2 million contract. $525,000 of the deal is guaranteed. Bullocks, 26, lost his starting job to Kevin Kaesviharn in New Orleans two years ago because he was weak in coverage. He'll compete to start at free safety with 2008 fourth-round pick Craig Steltz, who has a similar profile. Source: Chicago Sun Times

The Fact we have 30 Mil  in cap room and are still sifting through the Bargin Bin ..Priceless....

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In Jay Cutler We trust

ozzfan1317:

The Fact we have 30 Mil  in cap room and are still sifting through the Bargin Bin ..Priceless....

actually we are down to $16.85 .. i can't update the thread ,but when do will show we are $16.85 mill NOt 30 mill anymore.. hopefully I will be able to update it soon

Got love 4 Da Bears!

I'm also a big fan of bringing in J. Bullocks on a 1 year deal. This kid is only 26 and has proven durable with center field skills + I think he is a potential diamond in the rough, who the Bears will look to lock up long term once he proves he fits in the system!

I also like bringing back K Jones to compliment Forte. IMO KJ was rushing back from a serious knee injury and I think he should improve and give the Bears a legit 1-2-3 punch.

Yes, get G Wolfe involved in the offense. Figure it out bc he is a weapon capable of making big plays.

Go Bears!

Omiyale..(Not sure if I spelled it right..lol)
Was a decent pickup since he might end up filling a G spot for us.

I like the Kevin Jones signing not sold on Bullocks though.

Hopefully we end up Picking up Holt I am not getting my hopes up though.
Looking forward to the Draft hopefully OT and WR  are our first two picks.

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In Jay Cutler We trust

Thanks for filling me in DB much appreciated.
Didnt we have 38 mil with Taits retirement?
Or did it end up being less?
I didnt think we had spent that much on our Backup G and FS...lol

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In Jay Cutler We trust

ozzfan1317:

Thanks for filling me in DB much appreciated.
Didnt we have 38 mil with Taits retirement?
Or did it end up being less?
I didnt think we had spent that much on our Backup G and FS...lol

we had a few cuts that also cost some space, and not counting the hamilton 9 mill until "offical" at which time will be $25.8 mill- 5.5 for 20 mill after rookie cap AND hamilton LTBE

glen earl agrees to 1 year contract,, expect a minimum deal,but will know monday

great signing!.. been hoping for it

dbears54:

great signing!.. been hoping for it

Bears add veteran offensive tackle Shaffer

By

Brad Biggs

on March 25, 2009 3:31 PM | Permalink | Comments (0) | TrackBacks (0)

Almost a week after the Bears concluded their minicamp with a player they wanted to play at left guard manning the right tackle position, they have found an offensive tackle.

The club has agreed to terms with veteran Kevin Shaffer on a three-year contract. The 29-year-old was released earlier this month by the Cleveland Browns, who essentially replaced him with John St. Clair. Check back soon for more details.

 Man this is great news. When you get a cap #, please fill us in. I got lost trying to trace it all .

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Chitown777:

dbears54:

great signing!.. been hoping for it

Bears add veteran offensive tackle Shaffer

By

Brad Biggs

on March 25, 2009 3:31 PM | Permalink | Comments (0) | TrackBacks (0)

Almost a week after the Bears concluded their minicamp with a player they wanted to play at left guard manning the right tackle position, they have found an offensive tackle.

The club has agreed to terms with veteran Kevin Shaffer on a three-year contract. The 29-year-old was released earlier this month by the Cleveland Browns, who essentially replaced him with John St. Clair. Check back soon for more details.

 Man this is great news. When you get a cap #, please fill us in. I got lost trying to trace it all .

Shaffer agreed to terms on a three-year, $8 million contract. He is guaranteed $2 million and is scheduled to make $2.75 million for the 2009 season. That's a tad above the $2.65 million he was scheduled to earn as a base salary with the Browns for '09. He was due a $1 million roster bonus before being released.

Thanks for this great thread on Salary Cap. On another note, I found an interesting, in-depth Bears Mock at the following web-address:

http://hubpages.com/hub/2009-Chicago-Bears-Mock-Draft

Isn't Rashied Davis' contract year 2010? You have it as 2011, but I thought he signed a 3 year deal last offseason

scotty54:

Isn't Rashied Davis' contract year 2010? You have it as 2011, but I thought he signed a 3 year deal last offseason

you are corect, my mistake thanks