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Willie Colon restructures deal

W. Colon2

The Steelers continue to-rework contracts of their veterans in an effort to find some cap space for 2012.

The latest player to adjust his deal: tackle Willie Colon. $3.8 million of Colon’s $4.5 million salary was converted into a bonus that was prorated over the next four years of his contract.

In most situations, Colon would be a candidate for release. He’s only played one game in the last two years because of his injury. The Steelers gave Colon big money last offseason, however, and cutting him now wouldn’t make financial sense. The Steelers are relying on Colon to start at right tackle next year.