The contract is worth $91.5 million with $42 million guaranteed. Peppers will make $40.5 million over the first three years. The number could increase if he makes the Pro Bowl, records a certain number of sacks or is defensive player of the year.
The Bears have made no secret of their willingness to pay a premium price for the best available players at their respective positions, writes Kevin Seifert.
Peppers and his representatives believe his contract compares favorably with the seven-year, $100 million contract Albert Haynesworth received last year from the Washington Redskins.
Peppers received $18.2 million from the Carolina Panthers last season. He turned down a four-year, $54 million contract offer from the Panthers last year.
Source: ESPN
John Clayton is a senior NFL writer for ESPN.com. The Associated Press contributed to this report.
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