Steelers Restructure Ike Taylorโ€™s Contract As Well

Pro Football Talk reports that the Pittsburgh Steelers have restructure CB Ike Taylorโ€˜s contract.

The move reportedly lowers his 2012 base salary from $5.75 million to the veteranโ€™s league minimum of $825,000.  The remaining $4.925 million will then be converted into a signing bonus.

This will save an addition $3.283 million in cap space and brings the Steelers total cap space savings to over $18 million. Pittsburgh will have to continue restructuring playersโ€™ deals until theyโ€™re down to the projected salary cap.

This is reminiscent of anyone that has played Madden and spent too much money the year prior and canโ€™t afford to re-sign their players the following season.

 

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