Glenn was seeking a $7 million signing bonus as part of a new deal, but that bonus likely will be less than half of that amount. It also is thought to be an incentive-laden deal, depending how he performs on the field and acts off of it.
Another part of the deal involves Glenn dropping his grievances against the National Football League that contest his drug suspension as well as his grievances against the Patriots. Glenn was suspended three times by the Patriots last year and the Patriots withheld about $8 million in deferred signing bonus payments. A signing bonus is usually the only guaranteed money that a player receives when he signs a contract.
An arbitration hearing is scheduled for today, but will be canceled if Glenn drops the grievances. Without such an agreement, the Pats would be forced to absorb a salary cap hit of about $8 million, a total that represents the remaining pro-rated share of the $11.5 million signing bonus Glenn got when he signed a seven-year, $50 million contract extension in November of 2000.
With Glenn in the fold, the Packers will have to decide whether or not to pursue Bill Schroeder, the team's No. 2 receiver last year, and Corey Bradford. Both are unrestricted free agents. Bradford reportedly has drawn interest from the Houston Texans. Schroeder foray into free agency has been quiet thus far, according to reports.