Kahn restructures TJ's contract

[WindyCitySteel]

Unfortunately, probably nothing.

Under KC the Steelers always liked to go into the season with $5-10M in cap space available in case something comes up. I think this restructure puts them in the $8M range.

Any surplus can be rolled into next year so no risk in losing the cap space if it goes unused.

Yup...Stay the Course and keep the fans interested with mediocre football.

[Northern_Blitz]

wonder whats up.....adds 6+ mil to cap??

Just a bit of a clarification here.

It is 6.75M in cap space that was converted to signing bonus.

This does free up that much cap space, but not this year...spread out over the remainder of his contract.

So the cap savings this year are $6.75M / (years remaining on his contract).

I'm a bit confused on what "years remaining means" whether it includes this year on not.

If it includes this year, then I think it should be spread over 4 years freeing up ~1.75M/year. I thought this would be how it worked.

But if it is the remaining 3 years, it would be $2.25/year. This is the number that the depot is reporting (although they say it's spread over 4 years).

Either way, this seems like a very small amount of space. Likely to pay for the small moves we made before restructuring while still having the cushion we like going into the season (~$9M).

[steeler_fan_in_t.o.]

Just a bit of a clarification here.

It is 6.75M in cap space that was converted to signing bonus.

This does free up that much cap space, but not this year...spread out over the remainder of his contract.

So the cap savings this year are $6.75M / (years remaining on his contract).

I'm a bit confused on what "years remaining means" whether it includes this year on not.

If it includes this year, then I think it should be spread over 4 years freeing up ~1.75M/year. I thought this would be how it worked.

But if it is the remaining 3 years, it would be $2.25/year. This is the number that the depot is reporting (although they say it's spread over 4 years).

Either way, this seems like a very small amount of space. Likely to pay for the small moves we made before restructuring while still having the cushion we like going into the season (~$9M).

I believe the way it worked is:

$9M in 2022 salary was converted to bonus. There are 4 years including this year remaining on the contract and that $9M is spread evenly onto the cap of each of the 4 years. That is $2.25M each year.

So, in 2022 $9M (salary) is subtracted from cap but $2.25M (spread out bonus) is added, so net reduction of $6.75M on 2022 cap.

In each of 2023, 24, 25 - $2.25M is added each year. 3 years x $2.25M = $6.75M added over three years. Cap is evened out over the four years.