Justin Fields is on his way to officially becoming a member of the Bears.
The rookie quarterback and the Bears have reportedly agreed to the terms of a rookie contract, according to a report from the NFL Network’s Tom Pelissero.
The deal is reportedly worth $18.9 million and includes an $11.1 million signing bonus.
The Bears drafted Fields with the 11th overall pick in the 2021 NFL draft. They traded up with the New York Giants in order to select Fields, giving up next year’s first-round pick in the process.
In the meantime, Fields and the rest of the Bears rookie class has been training with the team at Halas Hall in Lake Forest. Rookies are allowed to participate in rookie minicamp and organized team activities (OTAs) prior to signing a contract.
The Bears have already signed five of their seven draft picks from the 2021 draft. Only Fields and second-round pick Teven Jenkins remained unsigned this week. With Fields reportedly agreeing to terms, that leaves only Jenkins.
NFL rookie contracts are typically four years in length and must adhere to certain rookie wage scales. Wage scales vary depending on how high a player is selected in the draft.
With first-round picks, such as Fields, teams also have the option of adding a fifth year. The decision to exercise that fifth-year option follows the player’s third season in the league. In Fields’ case, that would be following the 2023 season.