Source: Peppers, Taylor have verbally agreed, today a formality

Ryan TerrellContributor IIMarch 5, 2010

EAST RUTHERFORD, NJ - DECEMBER 27: Julius Peppers #90 of the Carolina Panthers against the New York Giants at Giants Stadium on December 27, 2009 in East Rutherford, New Jersey.  (Photo by Nick Laham/Getty Images)
Nick Laham/Getty Images

According to a  source inside Halas Hall, defensive end Julius Peppers and running back Chester Taylor have already come to contract agreements with the Chicago Bears, and today's visits to Lake Forest are merely a formality to sign contracts.

The source tells that Bears head coach Lovie Smith flew in to Charlotte, Peppers' hometown, after midnight last night to recruit the Pro Bowl defensive end. And apparently it worked.

Specifics of both Peppers' and Taylor's contracts will probably be made known later today.

Hit it back to later today for more breaking news on these heralded signings.