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Neil Hayes of the Chicago Sun-Times reports that Peppers is taking a physical in Chicago and a signing is imminent.
The only question left is how much money Peppers will earn. Hayes hears that Peppers will earn $12-14 million-per-year over six years, which is actually less than we imagined.
It's all about the structure. We'd be surprised if Peppers doesn't get the most guaranteed money for a defender in league history.