Tag Archives: restructure

Steelers quarterback Ben Roethlisberger will restructure contract to provide cap relief

According to Albert Breer of NFL.com, Steelers quarterback Ben Roethlisberger will do the Tom Brady thing and help out the salary cap strapped team.

A day after Brady renegotiated his deal to help New England gain substantial cap room to acquire key free agents, Pittsburgh is asking their signal caller to do the same. Breer writes:

‘Breer rep...

Source: Yardbarker: Pittsburgh Steelers

James Harrison says he’ll restructure, won’t take a paycut

...

Source: Behind the Steel Curtain - All Posts

Harrison Says He’ll Restructure Deal To Stay With Steelers


*** Discuss this article and more at our Pittsburgh Steelers forum ***


LB James Harrison knows that if he’s going to be in black and gold in 2013, he will almost for sure have to take a pay cut to do it. The Pittsburgh Tribune-Review reports that Harrison is open to the idea to restructure his contract in order to return. “Change is part of the game, [...]...

Source: Steelers Gab

Shop Pittsburgh Steelers Gear

Report: Casey Hampton Takes Pay Cut In Contract Restructure

Judging by the report by Brian McIntyre, Pittsburgh Steelers nose tackle Casey Hampton has taken a reduction in his 2012 base salary and eliminated his $ 1 million workout bonus. Hampton, who is headed into the final year of his three year contract, was scheduled to earn a $ 4.89 million base salary to go along with a $ 1 million workout bonus. He also had $ 2,166,668.00 million worth of signing bonus proration left on the books as well and his cap hit in 2012 was scheduled to be $ 8,056,668.00 million.

Hampton has apparently reduced his base salary to $ 2.8 million and removed his his workout bonus Read more [...]

Source: Yardbarker: Pittsburgh Steelers

Need Steelers Tickets? Shop Ticket Liquidator or try our Steelers eBay Ticket Page.

Casey Hampton gets a “big snack sized” contract restructure

The Steelers continue to free up salary cap space by reworking contracts of current players, and the most recent is veteran nose tackle Casey “Big Snack” Hampton.
According to a league source, the Steelers got a little further under the salary cap by restructuring the final year of nose tackle Casey Hampton’s three-year, $ 21 million contract. Hampton, who will turn 35 by the start of the regular season, was scheduled to earn $ 4.89 million in base salary with a $ 1 million workout bonus in 2012 and his cap number was $ 8.057 million. Under the restructure, Hampton reduced his base salary to $ 2.8 million and his workout bonus is gone, reducing his cap number by $ 3.09 million.
It’s not known for sure at this time but it’s quite possible that the Steelers added another year to Hampton’s deal if indeed it was a true restructure.
Adjusting Hampton’s contract in some manner had to be in the back of their minds all along considering his cap value this...

Source: Yardbarker: Pittsburgh Steelers


Steelers Restructure Colon’s Contract

PITTSBURGH (KDKA) – The Pittsburgh Steelers are facing some tough decisions as they work to get under the salary cap.

On Tuesday, they reduced the amount they are over the cap to about $ 8 million after restructuring offensive tackle Willie Colon’s contract.

According to our news partners at the Pittsburgh Post-Gazette, the restructuring saves the Steelers $ 2.85 million against the cap.

The restructuring involved turning $ 3.8 million of Colon’s $ 4.5 million salary for the 2012 campaign into a bonus.

The bonus will be pro-rated over the remaining four years of the contract.

Colon has played in only one game over the last two seasons, but signed a five-year, $ 29 million deal in August.

RELATED LINKS

More Sports News
More Steelers News
Pittsburgh Steelers

Filed under: Football, Sports, Steelers Tagged: Contract, NFL, Pittsburgh Steelers, Salary Cap, Willie Colon

Source: CBS Pittsburgh » Steelers


Willie Colon the Latest to Restructure His Contract

The Steelers have restructured the contract of right tackle Willie Colon, reports Ed Bouchette of the Pittsburgh Post-Gazette.

Signed to a five-year, $ 29 million contract last July, Colon was due a $ 4.5 million base salary with a cap number of $ 5.7 million in 2012.

According to Bouchette, Colon’s base salary has been reduced to the league minimum ($ 700,000) with the remaining $ 3.8 million converted to a signing bonus that will be prorated over the remaining four seasons. Colon’s cap number for 2012 is now $ 2.85 million, a $ 2.85 million cap savings.

The Steelers cleared over $ 18 million of cap space with the releases of Arnaz Battle and Bryant McFadden and restructuring the contracts of LaMarr Woodley, Lawrence Timmons and Ike Taylor. The Steelers remain about $ 5-$ 6 million over the cap, so more work needs to be done before March 13.

Colon, 28, missed all of 2010 with an Achilles injury and only appeared in one game in 2011 after suffering a torn triceps in the season-opener. Colon is projected to open the 2012 season as the starting right tackle, with 2011 second-round pick Marcus Gilbert kicking over to the left side.

Source: Steelers Gab


Steelers restructure veteran offensive lineman Colon’s contract

The Steelers removed $ 2.85 million off the salary cap by converting $ 3.8 million of Willie Colon's salary for 2012 into a bonus.

Source: Pittsburgh Tribune-Review


Steelers restructure Colon’s contract

If there was any doubt that the Steelers intended Willie Colon to rejoin them as their starting right tackle, the Steelers made their intentions clear today when they restructured his contract.

Source: post-gazette.com - Steelers/NFL


Roethlisberger, Harrison may restructure contracts

As the Steelers deal with the practical consequences of a mismanaged cap situation, two of the team’s key players are next in line to “restructure” their contracts. According to the Pittsburgh Tribune-Review, quarterback Ben Roethlisberger and linebacker James Harrison could join cornerback Ike Taylor and linebackers LaMarr Woodley and Lawrence Timmons in creating cap space…

Source: ProFootballTalk » Pittsburgh Steelers

Need Steelers Tickets? Shop Ticket Liquidator or try our Steelers eBay Ticket Page.

Powered by WordPress