Disfunction Junction Posted March 1, 2007 Share Posted March 1, 2007 Bears signed head coach Lovie Smith to a four-year contract extension and general manager Jerry Angelo to a deal through the 2013 season. Smith, scheduled to make $1.45 million in 2007, gets a long-overdue extension through 2011. FOXSports.com's Jay Glazer says Smith's deal will pay him $22.5 million, which works out to $5.5 million-per-year. Quote Link to comment Share on other sites More sharing options...
Footballjoe Posted March 1, 2007 Share Posted March 1, 2007 Bears signed head coach Lovie Smith to a four-year contract extension and general manager Jerry Angelo to a deal through the 2013 season. Smith, scheduled to make $1.45 million in 2007, gets a long-overdue extension through 2011. FOXSports.com's Jay Glazer says Smith's deal will pay him $22.5 million, which works out to $5.5 million-per-year. I am not a Bears fan but am happy for Lovie Quote Link to comment Share on other sites More sharing options...
whitem0nkey Posted March 1, 2007 Share Posted March 1, 2007 (edited) Edited March 1, 2007 by whitem0nkey Quote Link to comment Share on other sites More sharing options...
whitem0nkey Posted March 1, 2007 Share Posted March 1, 2007 ok so da bears are not as cheap as we thought Quote Link to comment Share on other sites More sharing options...
isleseeya Posted March 1, 2007 Share Posted March 1, 2007 Good for lovie I believe rex was there at the signing of the extension ...rex went to congratulate lovie by giving him a high five , but missed and actually high fived the person behind him Quote Link to comment Share on other sites More sharing options...
whitem0nkey Posted March 1, 2007 Share Posted March 1, 2007 espn :;link: Quote Link to comment Share on other sites More sharing options...
Ursa Majoris Posted March 1, 2007 Share Posted March 1, 2007 I believe rex was there at the signing of the extension ...rex went to congratulate lovie by giving him a high five , but missed and actually high fived the person behind him I shouldn't laugh at this but I can't help it. Quote Link to comment Share on other sites More sharing options...
rocknrobn26 Posted March 1, 2007 Share Posted March 1, 2007 DJ, You beat me to this post, but it doesn't matter! I luv Lovie!!! I see good years down the road for him and My Bears!!! Quote Link to comment Share on other sites More sharing options...
Brentastic Posted March 1, 2007 Share Posted March 1, 2007 Quote Link to comment Share on other sites More sharing options...
Ralph Furley Posted March 1, 2007 Share Posted March 1, 2007 It's about time!!! Quote Link to comment Share on other sites More sharing options...
broncosn05 Posted March 1, 2007 Share Posted March 1, 2007 It's about time!!! Agreed no surprise. Quote Link to comment Share on other sites More sharing options...
Wolverines Fan Posted March 1, 2007 Share Posted March 1, 2007 Just when it was getting fun to bash the cheapskate schmucks in Bears' management, they go and give Lovie a contract with fair market value money. I'm happy for him. He deserves it! But this whole contract saga still begs the obvious question: What the heck took so long? Quote Link to comment Share on other sites More sharing options...
BeeR Posted March 1, 2007 Share Posted March 1, 2007 Just when it was getting fun to bash the cheapskate schmucks in Bears' management, they go and give Lovie a contract with fair market value money. I'm happy for him. He deserves it! But this whole contract saga still begs the obvious question: What the heck took so long? Probably because he's black. :fro: Quote Link to comment Share on other sites More sharing options...
rhippens Posted March 1, 2007 Share Posted March 1, 2007 this is good news for sure. i'm happy to see the bears make the right call on this one. Quote Link to comment Share on other sites More sharing options...
SLAYER Posted March 1, 2007 Share Posted March 1, 2007 Question? Is this an extension or a new contract? if it is an extension then Lovie is still the lowest paid head coach in the NFL this year. Glad he got the new deal. Quote Link to comment Share on other sites More sharing options...
rocknrobn26 Posted March 1, 2007 Share Posted March 1, 2007 Question? Is this an extension or a new contract? if it is an extension then Lovie is still the lowest paid head coach in the NFL this year. Glad he got the new deal. It's an extension, but he'll get a $2.05 mil raise this year ($3.5 mil total). That'll put him in the top half for 2007. In 2008 and after, he'll get ~$5.5 mil, putting him in the top 10. Today's Chi Trib.... Quote Link to comment Share on other sites More sharing options...
Pope Flick Posted March 1, 2007 Share Posted March 1, 2007 (edited) Just when it was getting fun to bash the cheapskate schmucks in Bears' management, they go and give Lovie a contract with fair market value money. I'm happy for him. He deserves it! But this whole contract saga still begs the obvious question: What the heck took so long? There are a lot of reason for why it took so long: primarily one needs to keep in mind that unlike most every other NFL team this is one of the last 'mom and pop' run teams. This family isn't a billionaire family that owns the team for fun a la Jones, Snyder Allen etc but rather the entire family's wealth is tied up in the value of this team. They own very little else on the 'money making' front. That being said, they've always been cheap because of it. As recently as the Wannestadt years the Bears had no GM in part because they didn't want to pay that position. This negotiation ALSO involved the extension for their GM Jerry Angelo who also had a new contract announced yesterday though no one noticed. Also, politics played a part as well, see the Rivera saga who was primarily let go as insurance by Smith so in the event he did NOT get the extension all of next year wouldn't be conjecture about wheterh or not Rivera would replace Smith. I'm happy for that, as Gil posted a link to a SCORE interview by Rivera where he said he called the D in the SB. Nuff said. Here's a great breakdown: Smith was given a four-year extension through 2011 and Angelo a five-year extension through 2013, the Bears announced. ... But sources estimated Smith's extension is worth $22 million in new money. Added to his 2007 salary of $1.45 million, the five-year average of $4.69 million jumps him from the lowest-paid coach in the league into the top 10. So, looking back to what Smith turned down a year ago, the Bears had offered approximately $12 million for years 2006 through 2009. Instead, Lovie earned $1.35 million in 2006, he gets his set $1.45 million in 2007 and then $5.5 million per year through 2011. That means, for years 2006 through 2009, Lovie will earn $13.8 million. That means, all this arguing was about $450,000 per year -- plus two additional years worth $11 million. Was it really worth all this haggling? Was it worth the bad press the team got? Probably not. If you are going to give a guy his money, why drag out the process? They could have given him this money a month ago and the Bears would have received hossanas for their forsight. For maybe only the second time in my life, this team has its front office in VERY strong order: when Tobin ran the 1985 team was the only other time. Now, extend Briggs, get value for TJ, sign Steinbach and Barlow or JLewis to back up Benson. Edited March 1, 2007 by Pope Flick Quote Link to comment Share on other sites More sharing options...
Bill Swerski Posted March 1, 2007 Share Posted March 1, 2007 It's about freaking time. Nobody with Lovie's track record deserves to be one of the lowest-paid HCs in the NFL. Quote Link to comment Share on other sites More sharing options...
Bill Swerski Posted March 1, 2007 Share Posted March 1, 2007 Now, extend Briggs Angelo has already said that he has no intention of signing Briggs to a long-term deal. Quote Link to comment Share on other sites More sharing options...
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