UPDATED 7:10 p.m. ET: Adam Schefter has revealed the specifics of Khalil Mack's agreement with the Bears.
The All-Pro edge rusher has reportedly inked a record-setting six-year, $141 million extension, making him the highest-paid defensive player in the NFL. The deal includes $90 million guaranteed as well as a $60 million signing bonus.
UPDATED 3:40 p.m. ET: Adam Schefter of ESPN has confirmed the news, revealing that the trade has been made official. Khalil Mack will be moving to the Chicago Bears for two first-round draft picks.
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Earlier today, NFL Network's Ian Rapoport essentially confirmed the reports. He tweeted that, "Before the end of the day, the Bears are expected to negotiate a long-term deal with Khalil Mack."
Mack was expected to be a free agent following the 2018 season as he skipped over training camp and the preseason to bag a new contract. The 2014 fifth overall draft pick and 2016's Defensive Player of the Year is expected to shift back to outside linebacker while playing for the Bears.