The Bears declined to match the Saints’ two-year, $10 million offer sheet to restricted free agent wide receiver Cameron Meredith on Wednesday, a source told Adam Schefter of ESPN.
Bears general manager Ryan Pace and coach Matt Nagy met with Meredith to inform him of decision, the source said. The Bears’ call was mainly a medical decision as Meredith is coming off a torn ACL and MCL, and the team was hesitant to commit that much money to a player coming off such a serious knee injury.
The Bears had issued an original-round tender to Meredith, valued at $1.9 million, so the Bears receive no draft pick compensation from the Saints because Meredith was an undrafted free agent.
Meredith, 25, had a breakout season in 2016 with 66 receptions for 888 yards four touchdowns, but suffered the devastating knee injury in a preseason game last summer at Tennessee.