Found February 28, 2013 on
SteelBlitz Steelers Blog:
When it was announced that Antonio Brown had restructured his contract and helped the Steelers clear some cap space in 2013 many fans were quick to start thanking him. For those who aren’t aware of how restructures work they aren’t as heroic as they may sound.
Players that restructure their contracts are helping the team by clearing cap space which is good for the team. However, to clear that cap space the players are really just making more money for themselves. When a team restructures a player’s contract they turn part of the base salary into a signing bonus that is earned immediately by the player.
That bonus is then prorated over the life of the contract. For instance if a player is set to make $6 million in base salary for the 2013 season and has three years left on his contract they can take $5 million of that base and turn it into a signing bonus. That bonus is then prorated over the life of the contract. Therefore, $1.25 million is added for that year as well as the three remaning years.
So that players cap hit for the current season falls from $6 million (plus any bonuses due to them in that year) to $2.25 million (plus those extra bonuses) and they would save the team $3.75 million in cap space. These re-worked deals do help to clear cap space and help teams work around salary cap issues, but as stated before they aren’t exactly heroic moves by the players.
These players that restructure receive more guaranteed money up front and don’t take a pay cut of any kind. Restructured contracts are simply a way of moving the money around without the players having to lose any money on their deal. Basically, to be blunt, you’d have to be stupid not to agree with a team if they wanted to restructure your deal because it means more money for you.
If a player really wanted to be heroic and help the team they could take a straight pay cut, but those are very rare in the NFL. A pay cut is essentially just a change in base salary number without getting any extra money upfront or moving any money to the future.
So those who are ready to praise Brown, Lawrence Timmons, LaMarr Woodley and Ben Roethlisberger for restructuring their contracts just remember that they got more up front money, pushed money into the future, and didn’t take any sort of pay cut. These players are simply getting more guaranteed money up front to help the team clear cap space in the current year only and push more money into future years.
The post Players that Restructure Contracts Aren’t as Heroic as They may Seem appeared first on SteelBlitz Steelers Blog.
BEST OF MAXIM
Another day and another $3.08 million has been trimmed off of the Pittsburgh Steelers 2013 salary cap as wide receiver Antonio Brown had his contract restructured on Wednesday. When you couple that savings with the $5,343,750 million created on Tuesday by the contract restructure of linebacker Lawrence Timmons, you will see that $8,423,750 million has been trimmed in the last two...
IT'S ALL HUNKY DORY
After signing a restructured contract, Steelers quarterback Ben Roethlisberger attempted to put the kibosh on rumors that the locker room is in disarray.
Following in the foot-steps of Antonio Brown, Ben Roethlisberger and Lawrence Timmons, Pittsburgh Steelers linebacker LaMarr Woodley will reportedly also re-structure his contract this week or next. For those of you keeping score at home, the re-structuring of a players’ contract is not a pay cut. It’s actually a way to convert salary money into signing bonus money.
According to Ed Bouchette of the Pittsburgh Post-Gazette the Steelers have restructured the contract of Antonio Brown and ProFootballTalk reports that LaMarr Woodley will restructure his contract as well. Browns restructure will clear around $3 million in cap space for the 2013 season.
Yesterday the Steelers restructured Lawrence Timmons contract and saved themselves around $5 million...
Over the past two days the Steelers have restructured two contracts and they are planning on doing two more. This is all part of the plan to get the cap number where they need it to be so that they can do what they want in the draft and free agency. Restructuring contracts, likely, won’t be enough on it’s own, however, and the Steelers are expected to make some cuts over the...
Pittsburgh Steelers quarterback Ben Roethlisberger spent the first 80-percent of his NFL career as a magnet for controversy.
Now he is trying to keep the offseason peace as his group bounces back from a disappointing season.
Please click here to read this story.
The post Ben Roethlisberger defends Pittsburgh Steelers chemistry appeared first on Players View.
Mike Florio of ProFootballTalk.com reports that a source has informed him that the Steelers and WR Antonio Brown have agreed restructure his contract in order to create some extra cap space.
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...
I’m going to be blunt here. I don’t agree with Ben Roethlisberger’s statements yesterday made to the Pittsburgh Post-Gazette’s Ed Bouchette. Roethlisberger claims the locker room is fine and that recent comments made by a number of current players and a former one are out of “frustration” over an 8-8 season. Frustration is often the result of much more though and that’s...
Former Steeler William Gay, 28, was released today by the Arizona Cardinals after on season with the team. During the 2012 off-season Gay left the Steelers for more money as an unrestricted free agent. He played in fifteen games with the Cardinals, but was cut today to help the team work out their salary cap issues.
Right now Gay is being labelled as a free agent bust from 2012,...
The Pittsburgh Steelers struggled through a disappointing 8-8 season last year, which is quite uncharacteristic for one of the NFL’s most successful franchises. As if the team did not already have enough issues to work through in order to get back to the playoffs next season, the coaches and players have also had to deal with anonymous teammates ripping one another.
Ed Bouchette of the Pittsburgh Post Gazette reports that the Steelers have restructured QB Ben Roethlisberger‘s contract on Thursday.
Bouchette adds that this will free up an extra $6 million in cap space for the 2013 season. Roethlisberger had a staggering cap figure of $19.595 million, so it makes sense that they would try to get that down to a more manageable number.
Steelers' legend working towards his first Triathlon.
Similar to what Tom Brady did for the Patriots earlier this week, Ben Roethlisberger freed up cap room for the Steelers by agreeing to restructure his contract.Fantasy Spin:Pittsburgh can use the extra money to re-sign free agent wideout Mike Wallace later this offseason. Roethlisberger racked up 26 touchdowns and 3,265 passing yards in 13 games in 2012.