According to a “source with knowledge of the transaction,” Browns base salary of $4.5 million has been reduced to a minimum salary of $650,000. Pittsburgh will convert the remaining $3.85 million into a signing bonus that will be prorated over the remaining five years on his contract.
Pittsburgh stands to gain $3.08 million in cap space with this move.
They recently restructured the contract of LB Lawrence Timmons, so the trend continues. The Steelers are reportedly working on Ben Roethlisberger‘s contract as well. This offers immediate help, but balloons their future cap commitments to the point where they could be in really bad shape if it’s not properly managed.