View Full Version : Ike restructures

04-25-2009, 12:02 AM

Restructuring helps Steelers' cap room
Comment Email Print Share
By Len Pasquarelli

The Pittsburgh Steelers have gained some much-needed salary-cap space entering the draft this weekend by completing a simple restructuring of cornerback Ike Taylor's contract.

The Steelers' best cornerback, Taylor reduced his scheduled base salary of $3.5 million for 2009 to a level at or near the league minimum for his tenure, which is $620,000. The balance was converted into a guaranteed signing bonus.

The move, first reported by the Pittsburgh Tribune-Review and confirmed Thursday by agent Joel Segal, is similar to the restructuring the team did with Taylor's contract last year, when he was scheduled to earn $4.1 million in base salary. In both seasons, the Steelers sorely required cap space.

Earlier this week, team officials confirmed that Gary Russell, a veteran third-down and short-yardage tailback, was released to create cap room that allowed Pittsburgh to sign backup quarterback Charlie Batch. It is believed the Steelers are among the teams with the least available cap space -- less than $2 million.

The Steelers are likely to approach other veteran players in the coming weeks about consummating contract restructurings similar to Taylor's.

A six-year veteran, Taylor signed a five-year, $23.75 million extension in 2006. That deal has two more seasons to run; the base salaries in those seasons were unaffected by the restructuring.

Taylor was a fourth-round pick in the '03 draft. He became a full-time starter in '05, and, despite his questionable hands, is regarded as the best cover cornerback on the NFL's premier defensive unit. In 93 games, including 60 starts, Taylor has 353 tackles, one sack, eight interceptions and 75 passes defensed. He typically drops a lot of potential interceptions and has never posted more than three picks in a season.

Len Pasquarelli is a senior NFL writer for ESPN.com.

04-25-2009, 12:03 AM
Way to go IKE :clap:

Dee Mca
04-25-2009, 04:57 AM
Can anyone say "TEAM PLAYER"

04-25-2009, 05:49 AM
how the f do we only have 2 mill cap

Silverback 92
04-25-2009, 08:43 AM
Can anyone say "TEAM PLAYER"

thats what I was thinkin ,more players should follow his lead

04-25-2009, 11:11 AM
Once again another Steeler team member stepping up to the plate..what a family! :tt02:

04-25-2009, 12:08 PM
I don't know much about the business end of the game.The Steelers being among the teams with the least available cap space. Does this bother anyone or is it a common Occurrence?

04-25-2009, 01:07 PM
Classy move by Ike.

04-25-2009, 01:17 PM
Nice play Ike!! To bad fat *** Max won't do the same thing.....:evilshake:

Sir Blitzelot
04-25-2009, 01:22 PM
This is always nice to see, when professional athletesí sacrifice money for the good of the team, great move Ike! :tt02:

04-25-2009, 01:28 PM
Nice play Ike!! To bad fat *** Max won't do the same thing.....:evilshake:

Situation with Max also pisses me off. He knows he's being overpaid so he is just taking advantage of it. Can't blame him I guess, but somehow I wouldn't be surprised if it bites him in the ***.

04-25-2009, 03:04 PM
Well done Ike. Following the path of former teammate Jerome their eh buddy?

04-25-2009, 05:20 PM
Always a good idea to restructure these big deals whenever you can..the players don't usually when they get their money as long as they get it. Props to Ike for helping out the team again.

04-25-2009, 10:14 PM
Well done Ike. Following the path of former teammate Jerome their eh buddy?

Yep him an Ward:clap: these cats have an lot of class:yellowthumb:

BlacknGold Bleeder
04-25-2009, 10:24 PM
it was a good move on his part, he didn't lose any money by doing it. I dunno why more would not be willing to, basically get paid ahead of time for what ya were gnna get any how.. one way to beat the cap system...

04-25-2009, 11:02 PM
how the f do we only have 2 mill cap

You have to blame Max Starks and the Steeler head office for proposing/accepting the 1 year franchise tag for the 2nd year in a row!
Some of the resignings this year also didn't help, but it did shrink the cap room down to nearly nothing
Kemoatu 4 years 20 million
starks franchise tag about 1 year 7 million
Harrison 6 yrs 51 million?? ( not sure about the numbers)

04-26-2009, 10:42 AM
I think they will work out a long term deal with Starks.

04-26-2009, 11:33 AM
i actually saw the other day that we only have 440k left in cap room...worst in the league. The ravens are next at 680k. we should have a lot of fun next year re-signing all of our free agents, NOT.