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Thursday, March 01, 2007

After Months Of Delays Chicago Bears Give Lovie Smith 4-Year, 22-Million Contract

The very deserving Chicago Bears Head Coach Lovie Smith got a new 4-year, 22-million contract. More details below:

By The Associated Press

Mar 1, 2007 (AP)— The Chicago Bears decided Lovie Smith was the right coach to lead the team into the next decade with hopefully a few more Super Bowl appearances.

A week after Smith's agent said negotiations were so stalled the coach would probably leave after the 2007 season, the Bears signed Smith to a four-year contract extension through 2011 on Wednesday.

The lowest-paid coach in the NFL last season at $1.35 million when he led the Bears to the Super Bowl, Smith's deal will average about $4.7 million per season over five years. He'll make $22 million in new money and the total value of the five years is $23.45 million, the Chicago Tribune reported. Smith was scheduled to make $1.45 million this season in the final year of his initial four-year contract.

The deal was announced by the team Wednesday night, as was an extension through 2013 for general manager Jerry Angelo.

Smith, the 2005 NFL coach of the year, led the Bears to a 15-4 record and their first NFC championship in more than two decades last season before they lost 29-17 to Indianapolis in the Super Bowl.


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