The Chicago Bears have reportedly signed defensive-end Jared Allen to a four-year, $32 million contract.

Allen gives the Bears a solid rotation with Lamarr Houston, Willie Young and Israel Idonije, who were all brought in off the open market this month.There’s wisely only two years and $15.5 million of fully guaranteed money in this deal as Allen turns 32 next week and has shown declining quickness and stamina.

Allen reportedly threatened to retire if no team matched his contract demands. The 6-6, 270-pound defensive end apparently wanted to go to Denver, where he could chase a ring, see plenty of playing time opposite Von Miller and fit comfortably in the Broncos’ 3-4 scheme, but that was before the team signed DeMarcus Ware.

Nevertheless, the former 2004 fourth round pick (No. 126 overall) out of Idaho State drew plenty of interest from the Dallas Cowboys and Seattle Seahawks, but ultimately chose to take his talents to the Windy City.

Allen has averaged 14.5 sacks (101.5 total) over the last seven seasons. Despite being on the decline, he still started every game and managed 52 tackles with 11.5 sacks and two forced fumbles in 2013.

Stay tuned to GridironGrit.com for up-to-date news and analysis on free agency and the 2014 NFL Draft.

Michael Gartman is a College Football and NFL Senior Writer, the AFC South and NFC West Lead Writer for NFL Draft Insiders and the Founder, CEO of GridironGrit.com.  

Follow him @_MichaelGartman on Twitter.  Be sure to ‘like’ NFL Draft Insiders on Facebook to keep up with the latest coverage on college football, the NFL and more!