Bears have restructured Jay Cutler's deal

The Chicago Bears have already restructured quarterback Jay Cutler's seven-year, $126.7 million contract that includes $54 million guaranteed.

According to a league source, the Bears converted $5 million of a $22.5 million 2014 base salary scheduled for Cutler into a signing bonus. They saved $4 million against the salary cap. His new salary-cap figure is $18.5 million, down from an original $22.5 million for a deal signed in January.

The Bears have the right contractually to convert Cutler's salary into a bonus when needed for salary-cap purposes. They can do this as often as they wish under the terms of the deal negotiated between the team and Cutler's agent, Bus Cook.

Follow me on Twitter: @RavensInsider

Aaron Wilson covers the Ravens for The Baltimore Sun

Aaron Wilson
Aaron Wilson covers the NFL for National Football Post, his second stint at the Post. He has previously written for Pro Football Talk and FOX Sports-Scout. Entering his 13th year covering the Baltimore Ravens, he's a beat writer for The Baltimore Sun. Wilson has also covered the Jacksonville Jaguars and Tennessee Titans.

Upcoming Games

Aug 5th, 8:00 PM

Dallas +1.5 -110

Pittsburgh -1.5 -110

@

Aug 12th, 7:30 PM

Washington -2 -110

New England +2 -110

@

Aug 12th, 7:30 PM

Pittsburgh +1 -110

Philadelphia -1 -110

@