On Thursday, the Chicago Bears announced that they were aparting ways with defensive tackle Anthony Adams and offensive lineman Frank Omiyale. The Bears already were well under the NFL salary cap, and with the removal of these two players, the team will save another $3 million and change. The Tribune's Brad Biggs has the financial breakdown.
Here, for example, is the breakdown for Omiyale:
2012 salary-cap figure $2.8 million
2012 base salary $2.1 million
2012 roster bonus $250,000
Pro-rated signing bonus vs. salary cap $450,000 Net savings: $1.9 million
According to Biggs, the Bears are now close to $30 million under the salary cap. What the team decides to do with that money could be a major factor in its fate during the 2012 season.
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