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Thread: Roethlisberger re-do saves $3 million in cap space

  1. #1
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    Roethlisberger re-do saves $3 million in cap space

    Roethlisberger re-do saves $3 million in cap space

    Posted by Mike Florio on February 28, 2013, 11:33 AM EST
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    As expected, the Steelers have restructured quarterback Ben Roethlisberger’s contract. As not expected, they’ve done the deal at a time when doing so will help the Ravens reduce the exclusive franchise tender to their own franchise quarterback, Joe Flacco.

    According to Ed Bouchette of the Pittsburgh Post-Gazette, Roethlisberger has restructured his contract to create $3 million in cap space.

    As recently explained, the Steelers could have cleared up to $7.1 million. But that would have pushed his future cap numbers even higher.

    The move drops Ben’s 2013 cap number from $19.6 million to $16.6 million. And that takes him out of the top five quarterback cap numbers for 2013.


    Ben is replaced by Philip Rivers and his $17.1 million cap number. Which drops the exclusive franchise tender to $19.134 million, saving $500,000 for the Ravens, if they choose to use the exclusive tag on Flacco.


    This week, the Ravens have seen the exclusive franchise number fall more than $1.3 million, via the new Tom Brady and Ben Roethlisberger contracts. If both teams had waited until March 5 to do the deals, the Ravens would have been forced to tender Flacco at $20.464 million.


    It could be that both teams believe that the Ravens will opt to go non-exclusive, which is expected to result in a cap number of $14.6 million. Regardless, the gap between the two numbers is now more than $1.3 million smaller.

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    So, what, we've saved a total of $11 million so far?

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    Quote Originally Posted by Jooser View Post
    So, what, we've saved a total of $11 million so far?
    Not close to enough. The axe will need to fall very soon.
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    I don't understand why the Steelers did this now. With the potential of a Flacco franchise tag, why not wait another week on restructuring Ben?

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    Quote Originally Posted by Oviedo View Post
    Not close to enough. The axe will need to fall very soon.
    Agreed. March will be an interesting month at Steeler Headquarters.

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    Quote Originally Posted by Oviedo View Post
    Not close to enough. The axe will need to fall very soon.
    But that number of $11 million doesn't include Woodley restructuring. Relax, not one player the Steelers want to keep will they cut.
    Steelers 2015 Draft???....Go Freak! As in....

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    Looks like they took 9 mil of his base and spread 3 mil out over 3 years without adding a year. That may tell the tale of James Harrison.



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    UPDATE: It's now being reported as $6 million.


    Roethlisberger re-do saves $6 million in cap space

    Posted by Mike Florio on February 28, 2013, 11:33 AM EST
    Getty Images
    As expected, the Steelers have restructured quarterback Ben Roethlisberger’s contract. As not expected, they’ve done the deal at a time when doing so will help the Ravens reduce the exclusive franchise tender to their own franchise quarterback, Joe Flacco.


    According to Ed Bouchette of the Pittsburgh Post-Gazette, Roethlisberger has restructured his contract to create $6 million in cap space.


    As recently explained, the Steelers could have cleared up to $7.1 million. But that would have pushed his future cap numbers even higher.

    The move drops Ben’s 2013 cap number from $19.6 million to $16.6 million. And that takes him out of the top five quarterback cap numbers for 2013.

    Ben is replaced by Philip Rivers and his $17.1 million cap number. Which drops the exclusive franchise tender to $19.134 million, saving $500,000 for the Ravens, if they choose to use the exclusive tag on Flacco.


    This week, the Ravens have seen the exclusive franchise number fall more than $1.3 million, via the new Tom Brady and Ben Roethlisberger contracts. If both teams had waited until March 5 to do the deals, the Ravens would have been forced to tender Flacco at $20.464 million.


    It could be that both teams believe that the Ravens will opt to go non-exclusive, which is expected to result in a cap number of $14.6 million. Regardless, the gap between the two numbers is now more than $1.3 million smaller.

    [Editor's note: Bouchette initially reported that the cap savings is $3 million. He has since changed that to $6 million.]

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    So, I suppose we're up to $14 million saved for next season....

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    SportTrac is showning 9 mil converted (3 mil over 13,14, & 15) like I posted so it should be a 6 mil savings.



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