CHICAGO (CBS) — Bears General Manager Ryan Pace is on the clock in a quarterback-rich year.

The NFL draft starts on Thursday, and the Bears hold the 20th overall selection.

READ MORE: Chicago Weather: Warming Trend Continues, Rain Chances Persist

This is the first time the Bears have a first-round selection in three years, and picking at 20 has its pitfalls.

READ MORE: 3 Men Injured In River North Parking Garage Shooting, One Identified In Video As Rapper Lil Reese; Officer's Gun Also Accidentally Discharged

“I just think as an organization, we’ve got to be ready for every single scenario – however this thing plays out, however this board falls, that’s where all the preparation comes into the play,” Pace said, “and I feel like we’re in that spot whether it’s trading up, staying put, trading back – all those things are in place for us.”

MORE NEWS: At Least 31 People Wounded In Weekend Gun Violence In Chicago, 5 Killed

The Bears exercised the fifth-year option on linebacker Roquan Smith, for one less thing they have to worry about.

CBS 2 Chicago Staff