Timmions is first two Restructure

[steelmann58]

Cuts cap by 5 Million

[fordfixer]

It's a start

[hawaiiansteel]

Lawrence Timmons restructures contract, Steelers save $5 million

By SteelCityRoller on Feb 26,



Hours after rumors began to swirl about possible restructures before the end of the week, Albert Breer reports Timmons' deal is done.

The first restructure of the off-season has been reported for the Pittsburgh Steelers. According to Albert Breer of NFL.com and NFL Network, Lawrence Timmons restructured his deal today, and the team is expected to save approximately $5 million against the 2013 NFL salary cap.

The restructures of Timmons and Ben Roethlisberger were expected. With Timmons confirmed, news on Roethlisberger should come shortly. LaMarr Woodley is also widely considered a candidate for restructure, leaving the team about $6 million to clear with his.

Timmons was scheduled for a base salary of $5.375 million plus a $2.5 million roster bonus - which is restructurable - in 2013. His restructure turned part of his convertible salary into a signing bonus, which for cap purposes spread the amount of converted salary across the four years remaining on his contract, counting 2013. In other words, the Steelers saved $5 million against 2013, but added almost $1.7 million in dead money to each of the three remaining years. This also means, Timmons' resulting signing bonus was in the neighborhood of $6.7 million, which he received up front. Any remaining money will be paid out to him on a weekly basis per CBA policies.

The Steelers still have some work to do to prepare for the March 12th deadline, when they must be cap compliant to the rule of 51. Good news speculated by PFT is placing the new salary cap even higher, suggesting it could surpass $123 million. This alleviates some of the need for cap space, but not all.

Mr. Roethlisberger, you're on the clock.

[URL]http://www.behindthesteelcurtain.com/2013/2/26/4034062/lawrence-timmons-restructures-contract-steelers-save-5-million[/URL]

[supersteeler]

I wouldn't rule out Harrison yet from restructuring. He is due 6.57 mill this year and I think 7.57 in 2014, they could convert most of his 2013 salary into a signing bonus to free up cap space and the possibility of retaining Harrison for one more year.
I don't know if the Steelers are that confident in Worlids in all phases of that position, Harrison when healthy can get to the QB, stop the run where Worlids hasn't shown he can do both when he got his chance.
When Harrison and Woodley are both healthy they still are two of the best in the game, they can be difference makers to help our team and I think most fans would be happy if they work out a deal

[steeler_fan_in_t.o.]

I wouldn't rule out Harrison yet from restructuring. He is due 6.57 mill this year and I think 7.57 in 2014, they could convert most of his 2013 salary into a signing bonus to free up cap space and the possibility of retaining Harrison for one more year.
I don't know if the Steelers are that confident in Worlids in all phases of that position, Harrison when healthy can get to the QB, stop the run where Worlids hasn't shown he can do both when he got his chance.
When Harrison and Woodley are both healthy they still are two of the best in the game, they can be difference makers to help our team and I think most fans would be happy if they work out a deal

You can't restructure Harrison. Doing that would give him a cap hit of over $13M next year with about $6M of that being bonus. We can neither pay him that kind of money, nor absorb that kind of dead cap hit.

Harrison will need to either take a pay cut or, unfortunately, be released.

[supersteeler]

You can't restructure Harrison. Doing that would give him a cap hit of over $13M next year with about $6M of that being bonus. We can neither pay him that kind of money, nor absorb that kind of dead cap hit.

Harrison will need to either take a pay cut or, unfortunately, be released.

Per article in the Post Gazette Ed Bouchette:




Harrison's case might be different. He is due $6.57 million this year and $7.57 million in 2014. Conceivably, they could turn most of his 2013 salary into a bonus and save some room. They also could ask him, at age 35, to take a pay cut, something they have done on occasion in the past, most recently with nose tackle Casey Hampton in 2012. Parise said neither option was discussed in Indianapolis, but they plan to meet again.



Read more: [url]http://www.post-gazette.com/stories/sports/steelers/timmons-reworks-deal-with-steelers-roethlisberger-is-next-677009/#ixzz2M7qJjhry[/url]

[steeler_fan_in_t.o.]

Per article in the Post Gazette Ed Bouchette:




Harrison's case might be different. He is due $6.57 million this year and $7.57 million in 2014. Conceivably, they could turn most of his 2013 salary into a bonus and save some room. They also could ask him, at age 35, to take a pay cut, something they have done on occasion in the past, most recently with nose tackle Casey Hampton in 2012. Parise said neither option was discussed in Indianapolis, but they plan to meet again.



Read more: [URL]http://www.post-gazette.com/stories/sports/steelers/timmons-reworks-deal-with-steelers-roethlisberger-is-next-677009/#ixzz2M7qJjhry[/URL]

Read the article, it was pointless crap for the most part. You can come back to say whatever you want if I am wrong, but no way does he get a restructure. Pay cut yes, restructure no.

And to be clear, a restructure is when the player takes current salary and has it turned into SB. No less money received in total, and he gets that portion up front. Cap hits in total remain the same in through the remaining years.

[JUST-PLAIN-NASTY]

I wouldn't rule out Harrison yet from restructuring. He is due 6.57 mill this year and I think 7.57 in 2014, they could convert most of his 2013 salary into a signing bonus to free up cap space and the possibility of retaining Harrison for one more year.
I don't know if the Steelers are that confident in Worlids in all phases of that position, Harrison when healthy can get to the QB, stop the run where Worlids hasn't shown he can do both when he got his chance.
When Harrison and Woodley are both healthy they still are two of the best in the game, they can be difference makers to help our team and I think most fans would be happy if they work out a deal

Problem with Harrison is even before you pay him 1 cent of his $6,570,000 base for 2013 he already counts $3,465,00 against the cap. Even if you restructure to the lowest number...His vet min for 2013 would be $950,000. That is all he would pocket $950,000 and his cap hit would be $4,415,000. Harrison won't do that by all reports. That escalates his 2014 cap hit to $14,660,000 if he plays or creates over $7 mil of dead money if you release him. I don't see a common ground for them to stand on.

[BigRob]

Problem with Harrison is even before you pay him 1 cent of his $6,570,000 base for 2013 he already counts $3,465,00 against the cap. Even if you restructure to the lowest number...His vet min for 2013 would be $950,000. That is all he would pocket $950,000 and his cap hit would be $4,415,000. Harrison won't do that by all reports. That escalates his 2014 cap hit to $14,660,000 if he plays or creates over $7 mil of dead money if you release him. I don't see a common ground for them to stand on.

He's cut and I don't see him re-signing.

[Slapstick]

Problem with Harrison is even before you pay him 1 cent of his $6,570,000 base for 2013 he already counts $3,465,00 against the cap. Even if you restructure to the lowest number...His vet min for 2013 would be $950,000. That is all he would pocket $950,000 and his cap hit would be $4,415,000. Harrison won't do that by all reports. That escalates his 2014 cap hit to $14,660,000 if he plays or creates over $7 mil of dead money if you release him. I don't see a common ground for them to stand on.

l

They should offer him a Tom Brady-esque deal...give him his salary guaranteed, up front for this year and add a phantom year or two to the current deal, enabling the signing bonus to be spread out...

[JUST-PLAIN-NASTY]

l

They should offer him a Tom Brady-esque deal...give him his salary guaranteed, up front for this year and add a phantom year or two to the current deal, enabling the signing bonus to be spread out...

He will want signing bonus money for those "phantom" years so now it cost more money. I don't think the issue for these 30+ vets is spreading out bonus & dead money. They need to clear the hit & dead money for 2014. The have to account for a large "dead money" pool and wipe it for 2014.

I understand what you and otheres feel Slap but take your heart out of it for a minute....

It's your money...Would you write Harrison a check this year for 6 mil knowing that he will be gone next year but still count 7 mil against your Cap? Compound that thought with not being able to keep Lewis if Harrison is under contract for 2013. That is a hard pill to swallow. You could keep plowing & plowing but at some point the pile gets too big and you have to remove it.

[squidkid]

l

They should offer him a Tom Brady-esque deal...give him his salary guaranteed, up front for this year and add a phantom year or two to the current deal, enabling the signing bonus to be spread out...

how is that going to help?
give him 15 million as a SB this year plus his 1 million salary plus 1 million in 2014 and 2015 and 2016. sure his cap hit each year would be about 5 million each year. we would either be carrying him on the roster for the next 4 years regardless of production or cut him one of the next 2 season(if he lasts that long) and have all the remaining bonus kill us that year.
his ass needs to be cut or take a serious pay cut.

[lloydroid]

Why do they even bother with these big deals when they always have to come back and restructure them? What is the point?

[JUST-PLAIN-NASTY]

Why do they even bother with these big deals when they always have to come back and restructure them? What is the point?

They have to see those numbers against other players at their position to put pen to paper. Business. If you want to keep your players you have to pay them like the rest. The Steelers hope they can play those contracts out at a high level so they could push monies to help with the cap. Most contracts that are written by respectable "Cap Exerts" on successful organizations have the ability to restructure for relief. That is how good teams keep their drafted talent and core together without penalizing themselves down the line. To be honest, the Steelers (Khan) have done a remarkable job since 2001 of doing this.