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Thread: Steelers to restructure contracts ahead of Cap deadline

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    Pro Bowler supersteeler's Avatar
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    Steelers to restructure contracts ahead of Cap deadline

    Steelers working to restructure contracts ahead of cap deadline
    February 26, 2013 3:03 pm
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    By Ed Bouchette / Pittsburgh Post-Gazette
    The Steelers are working with agents to restructure some of their veteran players' contracts as they move to get under the NFL's salary cap as required by March 12.

    Among those they will restructure are Ben Roethlisberger and Lawrence Timmons, and both could be done before the end of this week. They may want to know if they'll have enough to try to sign free agent receiver Steve Breaston, who plans to visit their South Side facility Thursday or Friday.

    They also met with Bill Parise, the agent for James Harrison, at the NFL combine to discuss his contract situation.

    None of those whose contracts are restructured will lose money. The new deals do not add years to the players' contracts either, they merely are reworked for bookkeeping purposes to create salary cap room.

    Typically, they turn much of a players' 2013 salary into a bonus, which are pro-rated over the life of the contract for salary cap purposes.

    For example, Roethlisberger is signed for the next three seasons. His salary for 2013 is $11.6 million. To make it simple, they could take $9 million of that salary and put it into a bonus, spreading the cap hit at $3 million per year on the books. That would create $6 million in salary cap room with Roethlisberger, who would still receive $11.6 million this year.

    Same with Timmons, who has four years left on his contract. He is due a salary of $5.375 million this year. They could put $4 million of that into a bonus and save another $3 million in cap room this year.

    Harrison's case is different. He is due $6.57 million this year and $7.57 million in 2014. Conceivably, they could turn most of his salary in 2013 into a bonus and save some room. They also could be preparing to ask him, at age 35, to take a pay cut. Parise said while they met in Indianapolis, neither option was discussed but that they plan to meet again.

    Another likely candidate to restructure to create room is LaMarr Woodley, although they have not approched him yet. He has four years left on his contract with a $9 million salary scheduled for 2013. They could create approximately $6 million in cap space with him.

    Besides restructuring players' contracts, they also may release a veteran or two.


    First Published February 26, 2013 3:02 pm


    Read more: http://www.post-gazette.com/stories/...#ixzz2M2Q5Gq00

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    Hall of Famer Mister Pittsburgh's Avatar
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    Seems like they are just gonna keep kicking the can down the road so we have subpar teams for the next 5 years instead of cutting the fat at once. What a worthless article that is....it mentions turning salary this year into a bonus, but then doesn't show what their cap hit will be next year or the year after.
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    Quote Originally Posted by Mister Pittsburgh View Post
    Seems like they are just gonna keep kicking the can down the road so we have subpar teams for the next 5 years instead of cutting the fat at once. What a worthless article that is....it mentions turning salary this year into a bonus, but then doesn't show what their cap hit will be next year or the year after.

    roethlisberger and timmons make sense to restructure
    harrison, polomalu, keisel and clark need to take a serious paycut or be cut
    woodley just plain screweed us over. noway we should restructure him.
    cut colon

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    Quote Originally Posted by Mister Pittsburgh View Post
    Seems like they are just gonna keep kicking the can down the road so we have subpar teams for the next 5 years instead of cutting the fat at once. What a worthless article that is....it mentions turning salary this year into a bonus, but then doesn't show what their cap hit will be next year or the year after.
    Sounds like our govt. Obviously, they still think they can field a contender with keeping a lot of what we got. I'm just glad there isn't any talk of bringing back FUMBLE-hall, Wall@ss or the special needs child (Hampton).

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    I agree with the way they are going about conducting business. Cutting all of them at the same time does not make sense.
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    Quote Originally Posted by pfelix73 View Post
    I agree with the way they are going about conducting business. Cutting all of them at the same time does not make sense.
    hanging on the old, injury prone, non-producing , high priced vets doesnt either.

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    Quote Originally Posted by pfelix73 View Post
    I agree with the way they are going about conducting business. Cutting all of them at the same time does not make sense.
    I agree. When you have a QB like Ben, I think you do what you can to keep the team around him competitive. The Steelers are typically good at avoiding dead money, so pushing some money back like this, while not ideal, is not the end of the world.

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    Quote Originally Posted by pfelix73 View Post
    I agree with the way they are going about conducting business. Cutting all of them at the same time does not make sense.
    Thank you, I was starting to think I was the only person that believes cutting everyone and starting rookies is a bad idea. IMO, with the offensive line gelling this off season and getting the best 5 on the field along with keeping veterans that still have gas in the tank and sign a couple of their own young guns the Steelers will compete for the AFCN and into the playoffs.

    You run a bigger risk, IMO, of having more down years if you cut the vets that have been discussed and hope for the best with your rookies and second year guys than you do, releasing a few vets, signing young players that have shown they can play and drafting prudently.

    Ben has 4 or 5 more good years left, if you completely gut the team this year the Steelers will waste his last good years rebuilding. Ben is good, but he isn't good enough to carry a Steeler team that is missing the following players: Hampton, Keisel, Harrison, Polamalu, Clark, Wallace, Mendenhall and potentially Taylor. If you want to take advantage of Ben while he can still be a top flight quarterback in this league they are going to have to find a way to keep some of the veterans, UFAs or RFAs.

    Pappy
    Last edited by papillon; 02-26-2013 at 11:24 PM.


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    Why aren't they talking to Troy for a restructure, and by that, I mean a pay cut, not just moving $ around. When is the last season he played mostly healthy? And at what price tag? They better address that if they are serious about trying to get better. Or is Dicky too buddy buddy with him to go along with a pay cut?

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    On Sirius yesterday they said Troy has missed 22 games in the last 4 years.

    Yup, just confirmed
    He missed 30 out of 160 games(1st season played in all 16)
    He misses 3 games per year over his career.
    Last edited by pittpete; 02-26-2013 at 07:06 PM.

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