Chicago Bears defensive end Julius Peppers restructured his contract with the Bears in a move to create more salary room a source confirmed.
The Bears converted $3 million of Peppers’ base salary ($12.9 million) into a signing bonus ($3 million) which reduces his base salary for 2013 to $9.9 million. The move creates $2 million in salary-cap space for the Bears and reduces the defensive end’s cap charge from $16.387 million this season to $14.387 million.
The deal marks the second time Peppers has restructured his deal as a Chicago Bear.
“I don’t really know what to say to that” Peppers said when asked about the restructured contract. “You can analyze it how you want to. I guess it’s confirmed. That’s not my area. You’ve got to talk to [general manager] Phil [Emery] about that.”