Steelers Rework LB Lawrence Timmons’ Contract, Free Up $3.32M In Cap Room

Ian Whetstone first reported that the Steelers have restructured the contract of ILB Lawrence Timmons in recent days.

The Steelers turned $6.63 million of Timmons’ $7.5 million salary into a signing bonus that will be prorated over the remainder of the contract.

This leaves Timmons with a base salary in $870,000 for the 2015 and frees up $3.32 million available cap space for the Steelers, according to Field Yates.

However, Whetstone notes that Timmons’ cap figure will increase from $9,251,250 this year to a staggering $15,131,250 in 2016.

Timmons, 29, is entering the fifth year of his six-year, $50 million contract that included an $11 million signing bonus. He was set to make base salaries of $7.5 million and $8.75 million over the remainder of the contract.

In 2014, Timmons appeared in all 16 games for the Steelers and recorded 133 tackles, two sacks, and a pass defense.