APQuarterback Ben Roethlisberger, linebacker Lawrence Timmons and wide receiver Antonio Brown have all restructured their contracts in order to give the Steelers more cap space and it looks like they’ll have a little more company on that front soon.
Adam Schefter of ESPN reports that the team “will” restructure the contract of linebacker LaMarr Woodley as well. Woodley has long been talked about as a candidate for such a move thanks to his $9 million base salary for the 2013 season. With three more years on his deal, the team can convert some portion of that salary to a signing bonus in order to lessen the cap hit in the near term.
It will raise the cap hit in the later years of the deal, however, and that’s the downside of the restructuring spree that’s been going on in Pittsburgh. Pushing all of this money into later years guarantees that the team will have to do this kind of cleaning up again in the future.
They’ve already started moving down that path so there’s not much reason to stop now, but it is something to keep in mind whenever a team decides to kick the financial can down the road.
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No surprise! We all saw it comming..don’t like the restructuring idea every year but if that’s what it takes to get it done I’m all in!
The cap purge that they’ll have to do in the next couple of years will be legendary.
they can free up space next year by cutting big salaries that aren’t living up to their cap hit. all the haters take notes.
Dan Rooney is back!!!
Troy and Heath are next…
im a ravens fan and im all for freeagents but im wondering is so much change good for the lg.It seem like this cap be pushing the vets out the door faster than they would like cuz some can still play. it seem like team now days only can get a 3yr run at the super bowl b4 the cap gets to them
If it was this easy all the teams would do it. When does the dead money hit..??
When the money hits on these restructures many high payed players wont be with the team any longer.
It will be OK. Many of the Steelers big money contracts are up over the next two years. Based on current salaries, the Steelers salary total for 2014 is $116M, and total for 2015 is $63M.
Pittsburgh knows what their doing. This will allow us to go after some quiet FA’s to keep our team in contention, go after needs in the draft and play the younger prospects we now own in the process. People that aren’t expecting the Steelers to make a run next year are delusional. 8-8 was the absolute WORST they could do with a year in transition and injuries from A-Z. Reload 2013.
But the dead money remains….
Missing the playoffs and going into the following season a financial mess. GM doing a fine job!
Steelers Front office is the best in the business. Fans have been saying the same things year
and the steelers keep remaining to be competitive. This years steeler team will be no different.
Praise the GM, a financial catastrophe awaits you Pittsburgh.
just keep pushing that salary to the out years (when ben is going to be making 20M+)
yeah this will end well