Bears WLB Lance Briggs’ one-year extension essentially gives him a brand new three-year, $17.5 million contract.
The two years on Briggs’ old deal were essentially ripped up. He gets a $3 million signing bonus, a base salary of $3 million, and a $250,000 workout bonus all in the first year. Briggs has a $4.25 million base salary in 2013, of which $2 million is guaranteed. Briggs got a bit more first-year money in exchange for sacrificing some of his future non-guaranteed base salaries. He’s all but locked in with the Bears through the 2013 campaign.