Julius Peppers agrees to 3-year deal with Green Bay Packers, according to report

The Green Bay Packers don't usually spend much time in free agency but they just signed a big name, reportedly agreeing to a multi-year deal with defensive end Julius Peppers, who was cut by the Chicago Bears this week. ESPN's Josina Anderson has the report.

Source: Julius Peppers has agreed to terms with the Green Bay Packers on a 3-year deal.

— Josina Anderson (@JosinaAnderson) March 15, 2014

Not only do the Packers pick up a player who has amassed 119 sacks in 12 years, but they also take that player away from a divisional rival. The Bears cut Peppers partially for salary cap reasons but he is also coming off of one of his least productive seasons with 7.5 sacks. Peppers had 22.5 sacks from 2011-12 so he's not far removed from quality pass rushing numbers.

We haven't seen the contract numbers yet but this from Andrew Brandt seems about right:

Have to see contract, but sense Peppers 3-year deal w/GB is really "We'll buy him for this year and see about keeping him after that."

— Andrew Brandt (@adbrandt) March 15, 2014

Peppers is 34 years old.

More details coming soon.