Brian McIntyre of Macsfootballblog.com mentions that Roethlisberger’s 2012 salary has been reduced from $11.6 million down to only $900,000. The difference of $10.7 million will then be converted into a signing bonus that will paid over the course of four years. The good news here is that the Steelers have eliminated $8 million in cap obligations with this move alone.
It’s worth noting that he’ll count $19.595 million against next years cap which could create even more problems in 2013.
This should go along way in helping them retain WR Mike Wallace.