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Timmons creates $5.34375 million in cap space

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The second annual Lawrence Timmons contract restructuring has created a nice chunk of cap space for the Steelers.

Per a source with knowledge of the deal, Timmons dropped his compensation to a base salary of $750,000 in 2013.  The rest of the money he was due to earn — $7.125 million — became a signing bonus.

With four years left on Timmons’ deal, the $7.125 gets divided by four, with 25 percent of the amount applying to the cap in each of the next four seasons.

That creates $5.34375 million in cap space in 2013, pushing that money, in increments of $1.78125 million, into 2014, 2015, and 2016.

It was, then, a “simple restructuring,” with Timmons getting the bulk of his 2013 money now — and the Steelers kicking a $5.34375 million cap can down the road to future years.  The player loses nothing at all, and the team gains cap space.

If Tom Brady’s new contract was sufficient to justify sainthood, they should at least make Timmons a knight, or something.

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13 Responses to “Timmons creates $5.34375 million in cap space”
  1. rhinosteel6 says: Feb 27, 2013 1:35 PM

    Timmons is one of the young stars of the team, He is just doing his part to help.. SteelerNation or should I say STEELERWORLD!!!!

  2. blackngold4life says: Feb 27, 2013 1:44 PM

    I’m not big on the whole restructuring players every year..but what ever helps for 2013..This is his 2nd time..its safe to say he’ll retire a Steeler..

  3. overratedsteelerhater says: Feb 27, 2013 1:44 PM

    all there money will come due,then its back
    to a 25 yr run of no titles like the 80s and 90s…

  4. raiderroy says: Feb 27, 2013 1:57 PM

    “If Tom Brady’s new contract was sufficient to justify sainthood, they should at least make Timmons a knight, or something.”

    Really Mike? You guys were the ones praising Brady for his contract extension and taking “less” money….whose “they”? Your staff of writers?

  5. rsmca says: Feb 27, 2013 2:09 PM

    If he gave up “nothing at all” why applaud him for anything?

  6. modellforprez says: Feb 27, 2013 2:14 PM

    ben timmons who’s next the p.a announcer damn they just make it harder for the future. can you keep doing this every year. shout out to the bengals all that talent great defense and 2 postseason trips in a row and they are what 50 million under the cap. Unreal

  7. bmoritz2003 says: Feb 27, 2013 2:14 PM

    Timmons is one of those players who you could tell had all the talent, just seemed to struggle to get “it”. He’s taken a ton of slack from Steeler fans, but he has really stepped it up big time the past couple of seasons and become a top notch ILB.

  8. ravenator says: Feb 27, 2013 2:20 PM

    And in a couple years he will be cut. Now when he’s cut, will it be a cap casualty or because he is overweight, out of shape, lazy and unproductive. Only time will tell. Cheers!

  9. Nofoolnodrool says: Feb 27, 2013 2:34 PM

    because he is overweight, out of shape, lazy and unproductive. Only time will tell. Cheers!

    No time for your autobiography when the thread is about Timmons saving cap space….yawn

  10. dontstabmeray says: Feb 27, 2013 2:57 PM

    Joe Flacco is getting a mega deal. How funny is that? Cheers!

  11. wildbillsrodeo says: Feb 27, 2013 3:20 PM

    5.34375 million… That extra $750 in cap space sure means something huh

  12. sojumaster says: Feb 27, 2013 3:41 PM

    wildbillsrodeo says:Feb 27, 2013 3:20 PM

    5.34375 million… That extra $750 in cap space sure means something huh

    ——————————

    Try a little reading comprehension ….

    “That creates $5.34375 million in cap space in 2013, pushing that money, in increments of $1.78125 million, into 2014, 2015, and 2016.”

    So instead of it costing the Steelers $7.875 million this year in cap, it is only going to be a cost of $2,531,250 against the cap.

  13. daddyb1gdrawz says: Feb 27, 2013 4:22 PM

    I wonder if they are doing this in attempts to resign Wallace.

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