Residing over the cap entering the weekend, the Bears made a few moves to create more than $20MM in cap space and inch under the $182.5MM salary ceiling.
Chicago will restructure the contracts of Khalil Mack, Eddie Jackson and Cody Whitehair, according to Adam Schefter, who adds these moves will create more than $23MM in cap space (Twitter link). The Bears previously had the NFL’s second-worst cap situation, residing nearly $20MM over the cap.
The Bears previously restructured Mack’s deal in 2019. He was due to count more than $26MM against Chicago’s 2021 cap. This marks the first restructure of Jackson’s five-year, $58.4MM deal. Ditto for Whitehair’s five-year, $51.3MM pact. The two combined to count just more than $20MM against Chicago’s cap this year.
The team still has work to do in the cap-space department, and the reshufflings will certainly be connected to a potential quarterback salary. In dire need at quarterback, the Bears are planning to pursue a Russell Wilson trade. Were the Bears to pull off a miraculous deal, they would need to account for by far the biggest contract in franchise history. Wilson’s $35MM-per-year accord runs through 2023.