LAKE FOREST, Ill. -- Chicago Bears quarterback Tyson Bagent has signed a two-year extension, the team announced Wednesday. Financial terms were not disclosed, but a source told ESPN that Bagent will receive $10 million in the deal and can earn up to $16 million with incentives.

The Chicago Bears made the rare move of signing their backup quarterback to an extension. Here's what he said after the signing.

Bears backup quarterback Tyson Bagent has proved his worth — especially with new head coach Ben Johnson. Bagent earned a reported $10 million two-year deal from the Bears, in a significant raise.