Hours before the final game of the regular season, a report surfaced that Bears cornerback Kyle Fuller was restructuring his contract as part of an attempt to create some much-needed salary cap.
Less than a week later, details regarding how much the Bears will save have emerged.
Brad Biggs of the Chicago Tribune reports the Bears tacked on two voidable years of Fuller’s contract (2022, 2023) as part of the restructure. But that’s just where this begins. Fuller’s cap hit for 2020 dips from a projected $17.5 million to $11.5 million. It’s a savings of $6 million in salary cap space, which gets the Bears under the cap for 2020. Huzzah!
For an even more detailed perspective on the cap savings, Brad from OverTheCap.com breaks it down:
Details on Fuller restructure. First, Bears add two void years for 2022 & 2023
Bears then converted $2.5M in 2020 base salary + a $5M 2020 roster bonus into a $7.5M option bonus beginning in 2019. Meaning five $1.5M prorations thru 2023
Bears save $6M on 2020 cap (really $4.5M) https://t.co/rjoUpYMTxh
— Brad_OTC (@BradOTC) January 2, 2020
OTC has the Bears at $11,951,529 under the cap for 2020. You can play with the site’s cap calculator here if you’d like to see how else the team can create space.
Before the Bears went full-throttle in their offseason re-tooling, they needed to get under the salary cap number was a priority. Restructuring contracts was always going be a part of that, and now we have seen one get done in short order. Good job to get the Fuller deal done at this stage of the game, but that move figures to be just the beginning.