Hampton Restructured His Deal

[phillyesq]

No word whether this was a pay cut or an extra year was added.

Thursday, March 15, 2012

Steelers NT Casey Hampton Restructures Contract

The Pittsburgh Steelers worked feverishly to get under the salary cap, restructuring the contracts of Willie Colon, Lawrence Timmons, LaMarr Woodley, Ben Roethlisberger and Ike Taylor, as well as saying goodbye to James Farrior, Chris Kemoeatu, Aaron Smith, Arnaz Battle and Bryant McFadden.

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.

The 19th overall pick of the 2001 NFL Draft, Hampton has started 148 of 157 games, totaling 347 tackles and nine sacks, but anchoring a run defense that annually ranks among the best in the NFL. Opposing teams have averaged over 100 yards per game on the ground in just one season (2003) since Hampton arrived in 2001.





[URL]http://www.macsfootballblog.com/2012/03/steelers-nt-casey-hampton-restructures.html[/URL]

[JUST-PLAIN-NASTY]

Oh boy...Money for Wallace?

[steelblood]

As long as we didn't extend him, I'm ok with this. 35 year old with a torn ACL cannot be extended.

[feltdizz]

148 of 157 games? Wow.. that's an amazing stat for an obese fatty

[RuthlessBurgher]

This is not a restructure per se...you can't restructure a guy in the final year of his contract with extending said contract. Hampton simply took a pay cut. This may be unprecedented in Steeler history. I don't recall us ever giving someone a pay cut like this...Hampton gave up $3 million to stay ($2 million in salary and a $1 million workout bonus). Hines asked for a pay cut, and we didn't give him one...we cut him outright.

[Oviedo]

This is not a restructure per se...you can't restructure a guy in the final year of his contract with extending said contract. Hampton simply took a pay cut. This may be unprecedented in Steeler history. I don't recall us ever giving someone a pay cut like this...Hampton gave up $3 million to stay ($2 million in salary and a $1 million workout bonus). Hines asked for a pay cut, and we didn't give him one...we cut him outright.

Perhaps speaks to our lack of options at the NT position versus WR where we have other options.

[Crash]

I wish they would have done this BEFORE Nicks went to Tampa.

[RuthlessBurgher]

I wish they would have done this BEFORE Nicks went to Tampa.

Nicks was a pipe dream. Some folks on this board would rather lose Mike Wallace than pay him $9 million a year, but you want to bring in a guard for $9.5 million a year.

[Crash]

Nicks was a pipe dream. Some folks on this board would rather lose Mike Wallace than pay him $9 million a year, but you want to bring in a guard for $9.5 million a year.

If you rework Harrison, Heath, and Hampton? They could have signed BOTH.

[Chadman]

Well, there's your indication as to what will happen with Wallace...

[Lebsteel]

Nicks was a pipe dream. Some folks on this board would rather lose Mike Wallace than pay him $9 million a year, but you want to bring in a guard for $9.5 million a year.

I wouldn't pay Wallace $9 million per year and I really wouldn't pay Nicks $9.5 mil per year. Real value for both would be in the $7.5 mil range IMHO.

[Crash]

Yeah I'd say Wallace and the Steelers are close to a long term deal.

They are roughly $6.8 million under the cap with this re-work.

[BigRob]

Hampton restructures or takes a cut; Saves Steelers 3.09 Million

Wexell says this guy has had good info all year. Wexell also said we are about 6 million under the cap if this is true, not the 1.5 million being reported. However, we still need about 5 million for draft picks.

[URL]http://www.macsfootballblog.com/2012/03/steelers-nt-casey-hampton-restructures.html[/URL]

[Dee Dub]

Nicks was a pipe dream. Some folks on this board would rather lose Mike Wallace than pay him $9 million a year, but you want to bring in a guard for $9.5 million a year.

Cha-ching!! Money post. Ruthless gets it.

I dont get how some Steelers fans all of a sudden at this time of year, every year, seem to lose all sense of reality when it comes to the Steelers and free agency.

Carl Nicks? really? Like that was ever going to happen. This is not the Steelers way of doing things. And that is not going to change.

[Dee Dub]

If you rework Harrison, Heath, and Hampton? They could have signed BOTH.

You cannot re-work everyones contract Crash. There are consequences down the road for doing this. The Steelers know this. They have already extended themselves quite a bit in future years with several off season contracts being re-worked. Accept the Steeler way. It works and it results in them being consistently good to great more than any other organization.