Adam Schefter of NFL Network is reporting that the one-year contract signed by Bears quarterback Rex Grossman today includes $1.5 million in guaranteed money.

Overall, Schefter reports, it’s a one-year, $3 million contract, with half of that guaranteed and with another $2 million in incentives.

That’s not a lot of money for a starting quarterback, but Grossman might not be a starting quarterback. Bears General Manager Jerry Angelo said Grossman will compete with Kyle Orton, possibly Brian Griese and possibly another quarterback the Bears acquire in the draft or free agency. Angelo said the Bears’ training camp will be “a little bit different” because of that competition.

Said Angelo, “I don’t want to say it’s tricky, but you’re going to have to have a real plan in place to be fair with everybody and to make sure that you’re making the right decision because once we make that decision, we’re going to go forward with it and we’re going to stay with it.”