Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Steelers restructure Ike Taylors contract.....

          
   
   
    Bookmark and Share

Hybrid View

  1. #1
    SA's Bouncer
    DIESELMAN's Avatar
    Join Date
    Dec 2006
    Location
    Brandenburg, Ky.
    Posts
    7,492
    My Mood
    Addicted

    Steelers restructure Ike Taylors contract.....

    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!!


    If you donít stand behind our troops.....Please feel free to stand in front of them!!!


    "Give me a 6 pack, half hour of rest and lets go play them again....We can beat them."
    --Jack Lambert

    "They say that when you're the champs, everybody will try to beat you. Well, I'm glad we're the champs, so bring 'em on, bring 'em all on. If we die, we ain't gonna die running. It's gonna be a fight."
    --Joe Greene

  2. #2
    Head Coach LatrobePA's Avatar
    Join Date
    Dec 2006
    Location
    THIS IS MY HOUSE BITCHES
    Posts
    12,243
    I can see some money being spent on FA's this year, it's got that feel...
    "Happy Happy Happy"

  3. #3
    BlitzburghRockCity's Avatar
    Join Date
    Aug 2006
    Location
    Central PA.
    Posts
    54,683
    My Mood
    Curmudgeon
    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

  4. #4
    Starter SteelCityKid5's Avatar
    Join Date
    Aug 2008
    Location
    Central PA
    Posts
    1,312
    Does anyone know the official/estimate number we are at and how much left we have to go?

  5. #5
    Head Coach LatrobePA's Avatar
    Join Date
    Dec 2006
    Location
    THIS IS MY HOUSE BITCHES
    Posts
    12,243
    Now Ike might want to ask Tebow for his lunch money back!!
    "Happy Happy Happy"

  6. #6
    Veteran connecticutsteel's Avatar
    Join Date
    Mar 2011
    Location
    southern connecticut
    Posts
    2,701
    My Mood
    Manic
    Quote Originally Posted by LatrobePA View Post
    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

  7. #7
    SA's Bouncer
    DIESELMAN's Avatar
    Join Date
    Dec 2006
    Location
    Brandenburg, Ky.
    Posts
    7,492
    My Mood
    Addicted
    Quote Originally Posted by SteelCityKid5 View Post
    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.


    If you donít stand behind our troops.....Please feel free to stand in front of them!!!


    "Give me a 6 pack, half hour of rest and lets go play them again....We can beat them."
    --Jack Lambert

    "They say that when you're the champs, everybody will try to beat you. Well, I'm glad we're the champs, so bring 'em on, bring 'em all on. If we die, we ain't gonna die running. It's gonna be a fight."
    --Joe Greene

  8. #8
    Starter SteelCityKid5's Avatar
    Join Date
    Aug 2008
    Location
    Central PA
    Posts
    1,312
    Quote Originally Posted by DIESELMAN View Post
    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

  9. #9
    Rookie Free Agent JoeSteelerFan's Avatar
    Join Date
    Dec 2011
    Posts
    101
    My Mood
    Cynical

    My Social Networks

    Follow JoeSteelerFan On Twitter
    We're about to get young, strong, fast, and just downright nasty ....

    I like the vibe I'm getting.
    Follow me on Twitter: @JoeSteelerFan

  10. #10
    BlitzburghRockCity's Avatar
    Join Date
    Aug 2006
    Location
    Central PA.
    Posts
    54,683
    My Mood
    Curmudgeon
    $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.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Timmons agrees to restructure contract
    By Reg3835 in forum Steelers Talk
    Replies: 9
    Last Post: 02-09-2012, 03:45 PM
  2. Replies: 63
    Last Post: 01-12-2012, 10:50 PM
  3. Replies: 26
    Last Post: 08-02-2011, 10:17 PM
  4. Steelers' Harrison big on new contract
    By BlacknGold Bleeder in forum Steelers Talk
    Replies: 1
    Last Post: 04-16-2009, 10:39 AM
  5. *** Latest in Steelers Ownership Restructure **
    By Koopa in forum Steelers Talk
    Replies: 128
    Last Post: 03-23-2009, 07:48 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •