Steelers On The Verge Of Releasing OLB James Harrison?

Update:

Mike Garafolo of USA Today reports that although the Steelers continue to meet James Harrison and his representatives, “it seeming increasingly likely Harrison will be released.”

Garafolo’s source added that there’s “no progress” towards Harrison agreeing to reduce his $6.57 million base salary

Pittsburgh will have the next few days to work something out. We’ll have more as the news becomes available.

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Ed Bouchette of the Pittsburgh Post-Gazette reports that the Steelers have reached an impasse in regarding to restructuring OLB James Harrison‘s contract.

Bouchette adds that “the chance has increased that the star linebacker could be released soon.”

Harrison, 34, has two years remaining on his contract with base salaries of $6.57 million and $7.575 million respectively. The problem is that Harrison carries cap figures of $10.035 and $9.04 million over the next two years and the Steelers could really use some addition cap space.

Harrison underwent knee surgery last August, but still wound up with six sacks. If Pittsburgh were to release him, they’d own him $4.93 million, but unless he’s willing to work with them regarding a reasonable salary, there’s a decent chance that he could be released in the next few days.