There is much wailing and gnashing of teeth on the ‘ol interwebs about the Mike Glennon deal. I would like to take a few minutes to take a closer look at it and what the contract really says (at least what I think it is trying to say).
The reports and people shouting that OH NO THE BEARS ARE PAYING MIKE GLENNON $14.5MM PER YEAR are a bit overdone, imho. Here is why.
The contract actually reads thusly (cribbed from our friends at OTC)
Total value, $48mm, $18.5mm fully guaranteed. After year one, the Bears can cut Glennon with only $4.5mm of dead money.
This is basically a one year “prove it” deal. If Glennon does well, the Bears have a pretty good deal, with the 22nd highest paid qb in the league (as of this writing). If he sucks, he is out the door (along with Pace, Fox and all the rest, but that is a different post).
The contract is basically saying that Glennon is a placeholder. Nobody is under any illusions that Glennon is taking the Bears to great places. He will be out there getting killed like so many other Bear qbs. The reason? The Bears are going to either draft a qb with the #3 pick, or deal that pick down for more picks and draft a qb later in the 1st or maybe the 2nd round. Plain and simple. Let the new guy learn for a while, then he can go out there and get killed or toss Shaw in the mix and let him get killed too.
So don’t hyperventilate too badly over the Glennon deal. It isn’t that bad if I am reading the tea leaves correctly.