Jay Cutler talks Bears extension, says “won’t break bank”

Jay Cutler wants to stay in Chicago and is willing to take a hometown discount. According to his conversation Tuesday on ESPN 1000, he is not planning on “breaking the bank”.

The host of the show, Tom Waddle, jokingly asked if Cutler would take 50% off to make a new deal.

“Ah, c’mon,” Cutler said, via ESPNChicago.com. “We can talk like 5 or 10 (percent off), but 50? This isn’t a going-out-of-business sale.”

Cutler’s current contract with the Bears weighs in at $49.77 million over five years, with $20 million guaranteed, including a $7 million signing bonus. He is owed 8.47 million in 2013.

“I want to be on a successful team, and I know that paying one or two or three players premium (salaries) hurts your chances of being able to bring in extra talent,” Cutler said. “So when we get there, we’ll figure it out.”

Cutler’s contract is up after the 2013 season, serious negotiations are expected in the off season.

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