There are the headline numbers for NFL contracts and the real money. The $126 MM is if Cutler stays for the entire contract and hits every incentive bonus. I do not know what part of that is guaranteed. Even that is deceptive because the a lot of guaranteed money is contingent on being on the roster.
not sure if this is legit or not but has lot of detail
http://www.spotrac.com/nfl/chicago-bears/jay-cutler/
$54 million guaranteed. $32 left over the next two years. I’m guessing there’s some arrogant coach and GM out there who really think that Jay’s problems are not his fault and they will be able to “fix” him.