Per our buddy Ian Whetstone (who probably keeps the most detailed cap notes anywhere) the Steelers restructured the contract of Ike Taylor yesterday by rolling $2.976 million of his salary into a prorated bonus:
Steelers restructured Ike Taylor, pushing $1,488,236 in cap dollars off into 2014.
— Ian Whetstone (@IanWhetstone) October 23, 2013
This was a move that the Steelers needed to make due to lack of cap space. Prior to the contract restructuring the Steelers were just $247,000 under the salary cap and one more injury was liking going to compromise their ability to maintain a 53 man roster. The Steelers decision to release RB isaac Redman was essentially the same result as losing someone for the season as his $1.323 million dollar salary was fully guaranteed and would count in full on the cap even though no longer on the roster. He was replaced by LB Kion Wilson, who cost the team just under $330,000, pushing them the brink of the cap.
Taylor’s 2014 cap charge will rise by $1,488,236. The Steelers will have some major decisions on the hands in 2014 when it comes to the salary cap due to the multiple restructures they have used on a number of high priced players.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.