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View Full Version : Big Ben restructures Deal



steelerkeylargo
08-01-2011, 03:32 PM
lets hope this triggers Woodley's new deal also.

Oviedo
08-01-2011, 03:34 PM
lets hope this triggers Woodley's new deal also.

Make that Woodley plus Timmons plus Troy!!!!!

flippy
08-01-2011, 03:43 PM
Wonder if we'll see more restructures first or deal extensions?

Seems there's a lot of guys we could restructure. But do we need to?

This is a weird offseason with too much uncertainty for my tastes.

steeler_fan_in_t.o.
08-01-2011, 03:45 PM
lets hope this triggers Woodley's new deal also.

Make that Woodley plus Timmons plus Troy!!!!!

Timmons extension will not reduce the cap hit this year, or if it does the amount will be insignificant. He will be last.

SteelCrazy
08-01-2011, 06:36 PM
http://espn.go.com/nfl/story/_/id/68248 ... LHeadlines (http://espn.go.com/nfl/story/_/id/6824838/ben-roethlisberger-restructure-contract-give-pittsburgh-steelers-cap-space?campaign=rss&source=NFLHeadlines)
PITTSBURGH --Ben Roethlisberger is doing his part to help the Pittsburgh Steelers get under the salary cap. The veteran quarterback has agreed to restructure his contract to help the defending AFC champions get under the $120.4 million cap. Ryan Tollner, Roethlisberger's agent, said the team approached the two-time Super Bowl winner about the deal, but added it would not affect the length or the money involved in the eight-year, $102 million deal the quarterback signed in 2008. "We've reviewed it and agreed to it," Tollner said Monday. The Steelers entered training camp about $10 million over the salary cap and last week released veterans Max Starks, Flozell Adams and Antwaan Randle El to shed payroll. Roethlisberger wore Starks' No. 78 in practice on Sunday as a tribute to his longtime teammate. The two were both members of Pittsburgh's 2004 NFL draft class. Director of football operations Kevin Tolbert said Saturday the team wouldn't rule out other personnel moves to shave payroll. Roethlisberger could be joined by several teammates in restructuring their deals so the Steelers can keep intact the core that led them to the Super Bowl six months ago. Roethlisberger would likely not sign any paperwork until Thursday. Under the new collective bargaining rules, players who sign contracts are not permitted to practice with the team until Aug. 4. Tollner said teams typically move money from a player's base pay to their signing bonus to keep it from counting against the cap. The 29-year-old Roethlisberger is coming off a solid season in which he passed for 3,200 yards and 17 touchdowns after being suspended the first four games of the season for violating the league's personal conduct policy. Tolbert acknowledged the team knew it would have to get creative with its finances after making a heavy investment last season in hopes of capturing a seventh Super Bowl title. There was no salary cap in 2010. The numbers have made it difficult for Pittsburgh to make a splash in the free agent market. The Steelers went after wide receiver Plaxico Burress over the weekend, but he opted to sign a one-year, $3 million deal with the New York Jets. The Steelers have focused on re-signing their own restricted free agents, including cornerback Ike Taylor and offensive linemen Willie Colon and Jonathan Scott. Putting together long-term deals with linebacker LaMarr Woodley, who was designated with the franchise tag, and Pro Bowl safety Troy Polamalu, whose current four-year deal expires at the end of the season, are a priority.

Good for Ben

hawaiiansteel
08-01-2011, 07:46 PM
Roethlisberger will restructure contract to create cap room

Posted by Mike Florio on August 1, 2011


Teams aren’t required to get under the 2011 salary cap until the 2011 League Year officially begins. And the 2011 League Year is expected to officially begin on Thursday.

For teams like the Steelers, who reportedly are currently $10 million over the $120 million spending limit (actually, they’re only $7 million over the limit because every team has the discretionary ability to exceed the 2011 cap by $3 million), it means that they’ll have to create cap space, quickly. To help the effort in Pittsburgh, quarterback Ben Roethlisberger has agreed to restructure his contract, according to the Associated Press.

Signed in 2008, Roethlisberger is operating under an eight-year, $102 million deal. But before we all applaud Big Ben for “taking less” Peyton-style, the man who gets paid like Manning isn’t absorbing a pay cut.

Instead, it’s a so-called “simple restructuring,” in which salary to be earned in the future is converted to a signing bonus, which is then spread over the remaining years of the deal. For example, converting $5 million in salary to a signing bonus would spread the $5 million over the final five years of the contract — and free up $4 million in 2011 cap room.

In recent years, this device has been used far less frequently. In 2010, with no salary cap, it wasn’t needed at all. In the several years prior to that, with the 2006 CBA giving more money than ever to the players, teams didn’t need to resort to such devices to create current cap room, since plenty of teams were well below the spending limit.

The device merely defers until tomorrow cap charges that could be taken today. And so, eventually, some teams will find themselves in what used to be known loosely as cap purgatory, requiring drastic reductions that can’t simply be made by asking the franchise quarterback if he’d be willing to take a lot of his money right now, instead of later.

http://profootballtalk.nbcsports.com/20 ... -cap-room/ (http://profootballtalk.nbcsports.com/2011/08/01/roethlisberger-will-restructure-contract-to-create-cap-room/)

siss
08-01-2011, 08:32 PM
Man what a jerk!

rpmpit
08-01-2011, 11:13 PM
Man what a jerk!

Really! I wish he was as awesome as P.Manning. Taking so little money so that the Colts could sign more guys. (Please note sarcasm)

D Rock
08-01-2011, 11:41 PM
Manning still makes over 5 million more per year than Ben. And has been a less successful QB when it really matters.


A) We got a great deal on Ben when he signed that long contract.

B) Whoever says Peyton took a 'hometown' discount needs to check themselves. He's the highest paid player in the league and is making 18 million a year....that's closing in on 1/6 of the entire team salary to himself.

siss
08-02-2011, 12:12 AM
Man what a jerk!

Really! I wish he was as awesome as P.Manning. Taking so little money so that the Colts could sign more guys. (Please note sarcasm)
Forget Manning, Ben should strive to achieve the awesomeness of the all mighty, all powerful Tom Brady. :Blah

[/sarcasm]