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Done Deal: Matt Forte/Chicago Bears Agree to Contract Extension

Breaking News: The Chicago Bears and Matt Forte have agreed to a 4-year contract extension, the team announced. The deal will pay Forte about 8 million a year as it was for 4 years and 32 million. Forte will also receive 10 million in guarantee money. It looks to be a good deal for both sides and the Bears are going to have a great rushing tandem with Michael Bush and Forte.

On Friday, Forte sat down with ESPN’s Adam Schefter and said he’s ‘optimistic’ a deal will get done by the Monday’s deadline. He was surely right and the deal was announced 3 hours before the deadline.

In the beginning of the process, Forte wanted a 5-year contract with 20 million guaranteed. While the Bears wanted a 4-year deal deal with 15 million guaranteed. So … Forte came down in years, while he received a little bit more money guaranteed. The compromise sure looks good and it shows both sides did not want to part ways any time soon.

One holdup in the deal could have been the deals other running backs received this off-season … LeSean McCoy and Arian Foster. Both running backs received 5-year deal deals and about 20 million guaranteed.

Forte was having a great year until he injured his MCL in week 12. Forte did miss the final 4 games of the season, but with his great play before the injury, earned his first pro bowl.

Back in March, Phil Emery made this statement and he stood with it; “Our intention is to continue to work to find common ground and keep Matt as a member of the Chicago Bears in 2012 and beyond“.

I’m not going to lie, but when I heard the news, I was extremely happy. Now this won’t be a distraction and we can all worry about football!