Julius Peppers signs with Packers

Julius Peppers, who was waived earlier this week after four seasons with the Chicago Bears, has agreed to terms on a three-year deal with the Green Bay Packers.

The Chicago Bears couldn't afford Julius Peppers' $18 million cap hit this season and the team waived him on Tuesday. It took just four days for Peppers, a future Hall of Famer, to find a new home, and he won't have to drive far.

Peppers today agreed to terms on a three-year deal with the Green Bay Packers. The contract has a maximum value of $30 million with $7.5 million guaranteed and $8.5 million in the first year.

For the first time in his career, Peppers will play in a 3-4 defense. In Chicago, his lack of explosiveness off the edge was very evident last season, so a move to Dom Capers' 3-4, where he'll be more of a space eater than an up-field rusher, could be a perfect fit. On passing downs, the Packers may let Peppers stand up and rush opposite Clay Matthews, which could also pay dividends.

Peppers, 34, will likely play a number of different positions in Green Bay, alongside nose tackle B.J. Raji, whom the team re-signed yesterday to a one-year deal.

Jeremy Stoltz is Publisher of BearReport.com and a member of the Pro Football Writers of America. He is in his fourth season covering the Chicago Bears full time. Follow Bear Report on Twitter and discuss this topic on our message boards. To become a subscriber to the Bear Report Web site or magazine, click here.

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