Tag Archives: Space
When the Steelers embarked on their cap-slashing exercise earlier this year, nose tackle Casey Hampton was at the top of the list. Unlike one of the various players who restructured contracts and ultimately gave up no money (and unlike Hines Ward who was cut without negotiation), Hampton took a significant pay cut in order to…
Ben Roethlisberger became the fifth Steelers player to restructure his deal, and this one might bring the team even with the salary cap.
Source: post-gazette.com – Steelers/NFL
Since plenty of you still don’t check out PFT on non-work time, every once in a while there’s a weekend story that bears repeating on Monday. On Sunday, we had several items regarding a new twist in the labor deal that allows teams to automatically carry over any unused cap space from one year to…
Ike Taylor restructured his contract Friday, becoming the latest player to help the team get in compliance with the salary cap.
Source: Pittsburgh Tribune-Review
With the Steelers entering the offseason some $ 25 million over the 2012 salary cap, they have a lot of moves to make before the league year begins on March 13. Some of those moves will be releasing players, as they did on Wednesday with Bryant McFadden and Arnaz Battle. And some of those moves will…
The Steelers got to work on the salary cap on Tuesday, as they cleared $ 6.56 million of salary cap space by renegotiating the contract of linebacker LaMarr Woodley.
Franchised by the Steelers prior to last year’s lockout, Woodley signed a five-year extension worth $ 52.5 million on August. Woodley received a $ 13 million signing bonus, $ 4 million option bonus and a $ 1.1 million base salary which resulted in a 2011 cap number of $ 7.7 million. In 2012, Woodley was due a $ 3.4 million base salary and had a $ 5.5 million roster bonus due on the 5th day of the 2012 league year for a cap number of $ 11.5 million.
On Monday, Woodley agreed to a restructure that lowered his base salary to $ 700,000. The remaining $ 2.7 million in base salary was combined with his $ 5.5 million roster bonus and converted into an $ 8.2 million signing bonus, which will be prorated over the remaining five seasons of Woodley’s contract.
Woodley’s cap number in 2012 is now $ 4.94 million.
Woodley’s base salaries in 2013-16 were unchanged, but $ 1.64 million was added to each year’s cap number.
Even with the Woodley restructure, the Steelers are still well over a 2012 salary cap that is not expected to increase much, if at all. Quarterback Ben Roethlisberger, safety Troy Polamalu and linebackers James Harrison and Lawrence Timmons each have cap numbers in excess of $ 9 million and are potential restructure candidates.
Source: Steelers Gab