Here's a quick rundown to catch you up on the situation. Because Umenyiora is seeking a new deal to replace his contract -- which has two years and $7.1 million remaining on it -- the Giants gave his agent Tony Agnone permission to seek out a trade earlier this week. But the Giants quickly rescinded it when the agent couldn't find a partner willing to surrender a first-round pick.
Obviously, the Bears were likely included among the teams to which Agnone shopped his client, and if that's the case, general manager Jerry Angelo made the right call in not giving up a first-round pick for Umenyiora.
While his numbers from last season -- 11.5 sacks and 10 forced fumbles -- definitely make him an enticing option to pair with Peppers, a first-round pick might be -- scratch "might be" -- is too much for the Bears to pay.
The Giants reportedly lowered their asking price Tuesday to a second-rounder.
But keep in mind that Angelo has said he's no longer in the business of trading away draft picks, and for good reason. The Bears are still playing catch-up for the picks they gave up in the trade for quarterback Jay Cutler. Before drafting offensive tackle Gabe Carimi in April, the Bears -- as a result of the Cutler acquisition -- hadn't picked in the first round since 2008.
While Umenyiora -- like Peppers -- possesses the explosive first step that makes tackles weak in the knees, great balance, and excellent range, he's not exceptionally physical when teams run right at him, and that last trait isn't one that's coveted by a Bears team intent on stuffing the run first.
He'll run down quarterbacks, for sure. Ask Cutler, who saw Umenyiora three times on a nine-sack half last October that resulted in the quarterback leaving the game with a concussion.
But is he worth the Bears giving up a first-round pick? No. Draft picks -- especially first-rounders -- are like gold to GMs around the league, which is why it's so rare that they're given up easily.
Let's also remember that Umenyiora underwent ACL surgery a few years back, and is coming off offseason hip surgery, which makes prospects for a long-term deal (that's likely what the Bears would have to offer) somewhat shaky.
If the Giants want to talk about acquiring the third-round pick the Bears acquired in the Greg Olsen trade for Umenyiora, that's a subject definitely worth discussing.
But if the asking price remains a first- or second-round pick, the Bears would be wise to pass on Umenyiora.