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View Full Version : Steelers restructure Ike Taylors contract.....



DIESELMAN
02-10-2012, 01:34 PM
Before dumping contracts and/or forcing players to take pay cuts, the Steelers are willing to give out millions in signing bonuses in exchange for the ability to push cap dollars into future years.

A source with knowledge of the situation tells PFT that cornerback Ike Taylor, who signed a four-year deal with the Steelers before the 2011 season, has converted the maximum amount of his $5.75 million base salary for 2012 into a signing bonus. Since the minimum base salary for a player with Taylorís experience is $825,00, the team was able to give him $4.925 million now.

The maneuver pushed $3.28 million in cap space into future years, pushing the total cap space created by three restructurings to nearly $15 million. The Steelers created $11.7 million by pushing the maximum amount of their 2012 compensation into the form of a signing bonus for linebackers LaMarr Woodley and Lawrence Timmons.
Sweet!! We are slowly but surely getting under the cap!!

LatrobePA
02-10-2012, 01:44 PM
I can see some money being spent on FA's this year, it's got that feel...

BlitzburghRockCity
02-10-2012, 02:27 PM
The remaining amounts they'll need to get get cap compliant shouldn't be too difficult. They'll still have to free up money to actually sign some of these players too..LOL

SteelCityKid5
02-10-2012, 02:35 PM
Does anyone know the official/estimate number we are at and how much left we have to go?

LatrobePA
02-10-2012, 02:37 PM
Now Ike might want to ask Tebow for his lunch money back!!

connecticutsteel
02-10-2012, 03:38 PM
Now Ike might want to ask Tebow for his lunch money back!!

GO EASY ON IKE IF TEBOW HAD THAT MATCH UP 20 TIMES HE WOULD GET THE THE SAME RESULT ONCE.SO F TEBOW FLASH IN THE PAN.Tim Tebow will be benched by week 4 next season

DIESELMAN
02-10-2012, 04:08 PM
Does anyone know the official/estimate number we are at and how much left we have to go?
From what I'm reading, Woodley, Timmons and Taylors restructured contracts freed up around 15 Mil towards the cap, include the release of McFadden and Battle for another 3.5 Mil, puts us roughly 7-8 Mil more to cut.

JoeSteelerFan
02-10-2012, 04:21 PM
We're about to get young, strong, fast, and just downright nasty ....

I like the vibe I'm getting.

BlitzburghRockCity
02-10-2012, 04:48 PM
$7-8 million is nothing, they'll be able to work that with just another restructure or 2. You had to know all along that they'd work it out and this crisis situation that everyone was worried about with them being so far over the cap wasn't going to kill them. They still have some aces in the hole with contracts yet to redo with Ward and Hampton, Troy too.

SteelCityKid5
02-10-2012, 06:14 PM
From what I'm reading, Woodley, Timmons and Taylors restructured contracts freed up around 15 Mil towards the cap, include the release of McFadden and Battle for another 3.5 Mil, puts us roughly 7-8 Mil more to cut.

Thank you sir

DIESELMAN
02-10-2012, 06:56 PM
Thank you sir

:yellowthumb: just a rough estimate, I could be off by a few dollars :greengrin: