US time Friday, according to NFL Network reporters. Quarterback Trevor Siemian will sign a two-year contract with the Bears for a total salary of $4 million, including a $1 million incentive bonus clause.
Simeon will serve as a backup for Justin Fields in the Bears, which could further reduce Nick Foles’ retention. Foles has one year left on his contract and will take up $10.66 million in cap space.
According to reports, the Bears have and will continue to try to trade Foles. Foles, who has played for the Bears the past two seasons, shared the starting responsibilities with Mitchell Trubisky in 2020. Last year, the Bears put more emphasis on Fields and Andy Dalton, and Foles started just one game.
Simeon was a seventh-round pick by the Broncos in 2015 and started 29 games in his career. A seasoned veteran who can also point the way for Fields.