Bears were in a tough spot. Cutler is a decent QB, but definitely not elite.
They almost made the playoffs this year, and quite honestly, they should have. It wasn't the offense's fault, either. The offense is really, really good and should be good next year. I think even with the crap defense, the Bears feel they're really close because of the offense. It is, after all, an offensive NFL right now.
Even with all the UFAs right now, the Bears will have a couple of tough choices over the next 2 years. Brandon Marshall is a UFA after next season and then Forte and Jeffrey the year after that (Briggs too). I really think the 7 year deal is to help the cap in 2014 (Jay's cap # won't be anywhere near $17 mil) to fix the D. Had they franchised him, ALL of his salary would count against the 2014 cap. They use the savings to try and shore up the defense a little bit. I also think they let Peppers go and eat the $12 mil or so in dead money.
Despite McCown's play this year, I don't think they felt comfortable going with him for next year. And drafting a QB is ALWAYS a crap shoot. For every good/great QB drafted there's another who was a bust.
With a little upgrade n the defensive side o the ball, I think Emery believes the Bears can be a legit SB contender next year. IMO, the Bears are going for broke next season.