PDA

View Full Version : Dale's blog, salary adjustments



costanza2k1
09-15-2008, 10:27 AM
This is interesting I wonder if the Steelers are planning to go against their own rule and extend a contract or two, otherwise why else would you do this?


Saturday, September 13, 2008
A couple of restructures
The Steelers have restructured the contracts of nose tackle Casey Hampton and defensive end Brett Keisel according to some research dug up by SteelCityInsider.com capologist Ian Whetstone.

The Steelers converted $2 million of Hampton's 2008 salary and $1.85 million of Keisel's salary into signing bonuses spread out over this year's and next year's caps.

The moves would cut Hampton's cap number this year from $6,377,083 to $5,377,083, and bumps next year's number from $5,652,084 to $6,652,084. Keisel's 2008 number drops from $4,072,500 to $3,147,500, and next year's gets bumped from $4,072,500 to $4,997,500.

That frees up $3 million or so in cap space this year for the team. Part of that money may have gone to James Farrior's new deal.

The move also shows that the team is happy with both Hampton and Keisel. That's a big statement for Hampton, in particular, after he banged heads in training camp over his weight with head coach Mike Tomlin.
Posted by Dale Lolley at 10:43 PM

steeler_fan_in_t.o.
09-15-2008, 01:12 PM
This is interesting I wonder if the Steelers are planning to go against their own rule and extend a contract or two, otherwise why else would you do this?

The article says that it happened, but he doesn't know when. As mentioned, the money may have been used in the Farrior extension. However, it will be interesting to see why they did this.

phillyesq
09-15-2008, 01:42 PM
I think Dale makes a good point -- this move shows that the Kiesel and Hampton are in the Steelers plans for at least the next few years. If they were planning on letting one of them go (due to age, salary, etc.), then they wouldn't restructure the deals as they did, making for a larger future cap hit.