Found February 09, 2012 on Steelers Depot:
Not only did the Pittsburgh Steelers restructure the contract of linebacker LaMarr Woodley recently, but they also restructured the contract of linebacker Lawrence Timmons as well according to Ed Bouchette. The numbers of the restructure are not yet available, but as I mentioned in a previous post it likely involved turning a good portion of Timmons' base salary and the $4.5 million roster bonus he is due into signing bonus monies and stretching it out over the remaining years left on the contract. Timmons new contract that he signed prior to the start of the 2011 season had a total 2012 cap Read more [...]

Lawrnence Timmons also restructures contract to help Steelers

The Pittsburgh Post Gazette is reporting that Lawrence Timmons has also restructured his deal to help the Steelers with salary cap space.  Timmons joins Woodley as the first 2 Steelers to make a move to help the team out.  The numbers for Timmons deal have yet to be released.  When they are we will get them out to you.  The Steelers have currently saved around $10.1 million in...

Steelers Restructure Contract Of LaMarr Woodley To Clear 2012 Cap Space

I posted a while ago about how the Steelers could possibly have some salary cap wiggle room with linebackers LaMarr Woodley and Lawrence Timmons because of the way that their new contracts were structured. It seems like the Steelers did not wait though to just work with the roster bonuses as Brian McIntyre reports that the Steelers have restructured the contract of Woodley to lower...

Lawrence Timmons’ contract restructured by the Steelers

The offseason  moves forward as the Steelers have announced that they have restructured the contract for Linebacker Lawrence Timmons, according the to Post Gazette’s Ed Bouchette. It’s unknown at this time how much the team was able to save by redoing #94′s deal but his numbers for the 2012 season originally were as follows:  Base Salary: $2,625,000 Bonus Money: $6,5000,000...

LaMarr Woodley restructures contract and saves Steelers $6.56 Million in cap space

It has begun.  The first Steelers restructure announcement from that LaMarr Woodley has restructured his deal to save the Steelers some cap space.  Woodley took his base salary down to $700,000.  That takes the remaining $2.7 Million in base salary and his $5.5 million dollar roster bonus into a prorated signing bonus.  Woodley is the first that we know of for the...

Steelers clear $11.7 million with Timmons, Woodley restructurings

On Thursday, MDS pointed out that the Steelers have begun chipping away at a $25 million cap bulge by restructuring the contracts of linebackers LaMarr Woodley and Lawrence Timmons. A league source has supplied the specifics to PFT. As to Woodley, his 2012 cap number has dropped from $11.5 million to $4.94 million, creating $6.56…

Steelers 2012 Salary Cap Bone Still Has A Lot Of Meat Left On It

The Pittsburgh Steelers have already made a solid dent in the 2012 salary cap problems that they faced heading into the offseason, but there is still a lot of meat left on the bone that needs to be chewed off. The release of Bryant McFadden and Arnaz Battle on Wednesday, combined with the expected contract restructures of LaMarr Woodley and Lawrence Timmons, instantly slashed almost...

Steelers linebackers Woodley, Timmons restructure contracts

The Steelers trimmed more than $10 million in salary-cap money this week when they restructured the contracts of linebackers LaMarr Woodley and Lawrence Timmons.

Steelers have several other candidates for creating cap room

As pointed out late last night (or possibly early this morning), the Steelers have created $11.7 million in cap space by restructuring the contracts of linebackers LaMarr Woodley and Lawrence Timmons.  But they reportedly needed to clear more than $25 million. So where will the other $13 million come from? Based on a review of…

Steelers free up cap room by restructuring Woodley’s contract

News coming out tonight that the Steelers are already in the process of freeing up cap room and have restructured Lamarr Woodley’s contract.  – Steelers restructured OLB LaMarr Woodley’s contract to clear $6.56 million in cap room. It’s a safe bet that they’ve started this process well before tonight if you ask me and Woodley’s deal is a good place to save significant...

Understanding Contract Restructures & Pay Cuts In Relation To The Steelers Salary Cap

This time of year I always get quite a few questions and comments about the Pittsburgh Steelers salary cap situation. Many are confused as to what a restructured contract is, and many view it as a pay cut. In light of the most recent restructures that the Steelers have done, I thought now would be a good time to try to help clarify a few things in relation to that topic. Let us...

Steelers still approximately $12-$13 million over salary cap

The front office of the Steelers has been busy this offseason so far trying to chip away at the original $20-$25 million that the team was over the NFL salary cap by. They are making good progress here in the last few days as Linebacker Lamarr Woodley’s contract had been restructured, saving them over $6.5 million. They also cut often injured Cornerback Bryant McFadden and Special...

NFL News: Steelers Clearing Cap Space

As the Browns look to catch up with their division elite, the Steelers are making moves to cut cap space.  As opposed to the Browns who are under the cap, the Steelers are well over it.  But, they are trying to get better. Today they cut cornerback Bryant McFadden and wide receiver Arnaz Battle from their roster.  That saved about $3.5 million. Yesterday, the Steelers restructured...

Steelers 2012 Salary Cap Updates

The Steelers were around $25 million over the cap for 2012.  They have made some moves since then.  Here is a list of the latest player moves. Cuts and Restructures and Cap Savings: Hines Ward- $3.39 Million LaMarr Woodley- $6,56 Million Lawence Timmons- $5.14 Million Ike Taylor- $3.28 Million Bryant McFadden and Arnaz Battle + 2 Future Contracts- $3.5 Million(not exact) That...
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