Originally posted on Bleed Black & Gold  |  Last updated 3/2/12

Now that 4 more players have reportedly been removed from the team the Steelers cap situation could be a little brighter.  Not big enough to do anything major in free agency but at least we can keep a bulk of our guys that contributed last season.  We should even be able to sign Wallace to a long term deal.

Cuts and Restructures

  • 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)
  • James Farrior-$2.82 Million
  • Ben Roethlisberger- $8 Million
  • Aaron Smith-$2.1 Million
  • Chris Kemoeatu- $2.39 Million

The gives the Steelers roughly at $37.18 Million in cap space saved.  Before the release of Farrior, Smith, Ward and Kemo the team was at about 120.5 million on the 2012 Salary Cap.  This move cleared another $10.7 million.  That puts the Steelers at around 109.8 Million.  That is expected to be roughly $10 million under the cap.  The rookies should count about $5 million against the cap.  The restricted Free Agents depending on the tender could cost about another $10 million.  That means that this is most likely not over for the Steelers.  There could still be more to come.  It does not have to happen any time soon.  That $5 million for draft picks will not be needed until around July before camp.

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