The Steelers have been busy, busy this week. Ike Taylor who just signed a 4 year contract last year has also agreed to restructure his contract. ProFootballTalk is reporting that Taylor who was scheduled to make $ 5.75 million in base salary this year is going to go down to the league minimum for his experience which is $ 825,000 for salary and take the rest as a signing bonus now. This move saved the Steelers $ 3.28 million in cap space.
According to PFT between Woodley, Timmons and Taylor’s restructures the Steelers have gotten down nearly $ 15 million dollars closer to getting under the cap. I’m sure there will be a few more to come.
Source: Yardbarker: Pittsburgh Steelers