Original recipe makes 12 servings Change Servings

1 1/2 pounds bacon, chopped

2 teaspoons butter

4 large yellow onions, diced

1 teaspoon salt

1/4 cup brown sugar

1/4 cup sherry vinegar

1 1/2 teaspoons fresh thyme leaves, divided

1 teaspoon freshly ground black pepper

1 pinch cayenne pepper

1/2 cup water

2 teaspoons balsamic vinegar

2 teaspoons extra-virgin olive oil