Steelers linebacker LaMarr Woodley becomes the latest player out of Pittsburgh to have his contract restructured in an effort to create room under the salary cap for the team to operate. The move was likely prompted in part by the need to account for restricted free agent tenders in the amount of $1.323 million issued to wide receiver Emmanuel Sanders, running backs Jonathan Dwyer and Isaac Redman, and nose tackle Steve McLendon.
Based on the reduction of his scheduled $9 million base salary to $3.6 million, Woodley likely had the difference of $5.4 million converted to a signing bonus and prorated for cap purposes over the remaining four years of his deal. This drops his 2013 cap hit by $4.05 million, to $9.19 million. The cap hits in the remaining years of his deal grow to $13.59 million (2014), $14.09 million (2015), and $11.99 million (2016).
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