LogFAQs > #928638922

Bears Receive:
CB Patrick Peterson (85 overall, 27 years old)
Dolphins 1st round pick
Dolphins 3rd round pick
Dolphins 4th round pick
Dolphins 5th round pick

Dolphins Receive:
CB Morris Claiborne (76 overall, 26 years old)
Bears 1st round pick
Bears 2nd round pick
Bears 3rd round pick
Bears 5th round pick

If the Bears pick in the Top 7, the Dolphins receive the Bears 2nd, 3rd and 5ths, and the Bears receive the Dolphins 3rd and 5th.

If the Bears pick after the Dolphins, the Dolphins receive the Bears 2nd, 3rd, and 5th, and the Bears receive the Dolphins 4th and 5th, which I just now realize that there is no reason for me to do a negative drop in the 5th under this scenario (I was the one who came up with some quick conditionals, so it's my dumb fault).

The Bears incur a $450k cap penalty to make an originally $4.74 mil cap hit into a $2.39 mil cap hit.
The Dolphins incur a $3.30 mil cap penalty to make an originally $3.49 mil cap hit into a $4.29 mil cap hit.

Both Stan and myself demonstrated they knew what they were giving up and receiving, the financial implications, and were aware of the past histories of both players. Peterson is a two-time Pro Bowler as almost exclusively a slot corner who has also contributed in the return and apparently passing game. Claiborne if I am being honest I don't care about his history. He is in Miami to ride the bench and leave in the offseason. I just wanted a CB on an expiring deal in return.

The Bears seek more young, skilled players to add to this rebuilding team, especially in areas of strength. They made the trade when they were fifth in the league in pass defense. The Bears also seek to prevent a ratings decline of former #2 overall pick Janoris Jenkins. This trade also gives them cap flexibility in the present and future.

The Dolphins saw that Peterson's morale was starting to drop. They had a high draft pick in Ross Cockrell sitting behind them, and with the looming free agencies of QB Sam Keller, DT Ndamukong Suh, and others, the Dolphins felt now was the best time to break up their expensive secondary in hopes of seeing at least a little cap savings next season in spite of the cap penalty. At any rate, they at least receive the equivalent of a high draft pick (in 2/3 of the trade scenarios laid out above) for a player they once signed as an unsigned draft of the Falcons.

Per trade reform, this trade is official and as mentioned on Wednesday, it was in effect for Week 7.
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KCF can't actually be a real person but he is - greengravy