James Harrison restructures Deal

[steelerkeylargo]

keep em coming!!!! :tt2

[Oviedo]

This is great. With both Harrison and Ben doing this I have to assume Hines and Smith are next.

Maybe this indicates we are looking to bring in someone in or bring someone back, i.e. Starks

[Steelgal]

I was on the Colts board and they just lost their LT to the Vikes. wonder if they'll give Starks a look?

[steeler_fan_in_t.o.]

This is great. With both Harrison and Ben doing this I have to assume Hines and Smith are next.

Maybe this indicates we are looking to bring in someone in or bring someone back, i.e. Starks

Ovi, restructuring is when a player receives a part of his salary up front in order to defer some of his cap hit into future years. This is not what we would be doing with either Smith or Hines.

With Smith you need him to take a pay cut. He has nowhere to defer salary to as he is entering his last season. Hines also is not a great candidate because if you push too much cap hit into the future it almost assures you that they will return because they'd be too expensive to cut.

[hawaiiansteel]

Trio Of Steelers Restructure Contracts

By: Mike Vukovcan
August 1, 2011

Pittsburgh (KDKA)- Three of the highest profile Steelers are trying to help the team get under the salary cap.

Ed Bouchette of the Pittsburgh Post-Gazette is reporting that Ben Roethlisberger, James Harrison and Brett Keisel have all agreed to restructure their current contracts.

Roethlisberger was set to count $16 million against the cap but will instead turning his base salary money into future bonuses.

Roethlisberger’s base salary this season is believed to be $11.6 million.

Harrison and Keisel have also reworked their deals to help the team.

The Pgh Tribune Review is reporting that the Steelers may have also asked Casey Hampton, Heath Miller, Hines Ward and Ryan Clark to do the same thing.

These restructured contracts are critical because the team would like to sign LaMarr Woodley, Lawrence Timmons, Mike Wallace and Troy Polamalu to long-term deals. All these players will become unrestricted free agents after the season.

http://burgh.us/6dy

[steeler_fan_in_t.o.]

These restructured contracts are critical because the team would like to sign LaMarr Woodley, Lawrence Timmons, Mike Wallace and Troy Polamalu to long-term deals. All these players will become unrestricted free agents after the season.

This is a dumb statement because Woodley alone would bring a huge amount of cap relief if he extends. He does not require other players to restructure - they require him.

Troy also can bring some cap relief with an extension. He is currently schedule to count $8.5M for this season and that will go down with an extension.

Timmons and Wallace are currently at $2.8M and $665K respectively. Timmons should go up a bit or stay the same with an extension, Wallace certainly goes up.

[RuthlessBurgher]

I was on the Colts board and they just lost their LT to the Vikes. wonder if they'll give Starks a look?

Their first two picks in the draft were tackles: Anthony Castonzo and Ben Ijalana.