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Old 01-21-2013, 09:28 PM   #1
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Arrow Best 2013 Salary Cap Options

Here to Stay
Ben Roethlisberger
Roethlisberger is set for base salaries of $11.6 million in 2013 and 2015, and $12.1 million in 2014. Roethlisberger's total cap hit for 2013 is $20.595 million. The Steelers could take $10.5 million of Roethlisberger's base salary for 2013, and convert it to a signing bonus. He has three seasons left on his contract, including 2013. The prorated amount added to each season would be $3.5 million. The Steelers will save seven million against their team cap figure, although Roethlisberger's cap hits for 2014 and 2015 will increase by $3.5 million each.
VERDICT: Not worth restructuring, leave his contract alone. Cap hits for 2014 & 2015 would be around $19 million a year if we restructure his deal, putting us pretty much in the predicament we're in now with Ben's cap hit of $20.595 million.

Troy Polamalu
The Steelers could restructure $6.4 million of his $7.5 million base salary into a signing bonus, they could charge half ($3.2 million) to 2014, saving an equal amount in 2013. If Polamalu wants to play in 2014, the Steelers could offer him an extension without its own signing bonus, giving them extra years to spread restructured money across. An extension would allow the team to deal with a reduced dead money penalty in 2015, covering only money restructured out of 2013 and 2014. So we'd free up $3.2 million of this years cap space.
VERDICT: Restructure contract to save $3.2 million in this years cap space and offer him an extension in 2014 IF he has healthy/strong season in 2013. Everything mentioned would be great for the future and for the present, hopefully Polamalu stays healthy and shows he's still a beast so the Steelers do offer him an extension in 2014.

Lamarr Woodley
He is scheduled for a base salary of $9 million in 2013. His total cap hit is $13.24 million in 2013. The Steelers could restructure his deal by taking $8 million of his base salary and make it a signing bonus. The $8 million dollars is divided amongst all the years remaining on the contract including 2013, and added to each year's prorated bonus charges. This would save Pittsburgh $6 million dollars against 2013's cap hit, but add $2 million to each year after.
VERDICT: Not worth restructuring, leave his contract alone.

Lawrence Timmons
Timmons is scheduled to receive a base salary of $5.375 million; but his accumulated prorated bonus designations add another $5.785 million, making his total cap hit $11.16 million. If the Steelers restructure his base salary so that $4 million is a signing bonus then the team would save $3 million in cap space this year, while adding only $1 million dollars to each year after.
VERDICT: This would be a good restructure as only an extra $1 million will affect the cap in the coming years, which isn't too bad.

Possible Releases
James Harrison
Harrison counts for more than $10 million against the Steelers' 2013 salary cap. If the Steelers restructure his contract they'd only save less than $3 million. Pittsburgh would suffer a cap penalty of $4.93 million dollars for releasing Harrison. Subtracting this penalty from his original cap hit of $10.035 million Pittsburgh would save $5.105 million dollars against 2013's salary cap, and all $9.04 million against 2014. Another option would be to release him after June 1st. Going this route, the Steelers would suffer a penalty of $2.465 million dollars against both 2013, and 2014. Pittsburgh would save $7.57 million against 2013's original cap hit, and $6.575 million against 2014.
VERDICT: Cut Harrison and save $5.105 this year, but not have to worry about any cap hit in 2014.

Brett Keisel
Keisel is due 4.5 million base salary in 2013. The Steelers have two choices: ask Keisel to take a pay cut that would save the team about $1.8 million or cut him and free up a little more than $2.8 million in cap space.
VERDICT: Cut him and free up a little more than $2.8 million in cap space.

Willie Colon
He's scheduled to count $7.6 million against the cap in 2013. If the Steelers release him after the Super Bowl, the team would only save $1.2 million. However, If they waited until after June 1st, they would save a total of $4.425 million toward 2013, but would suffer a penalty of $3.225 million against 2014. There's another option here too, we could restructure his contract that is $5.5 million this year into a $4.5 million signing bonus and save $3 million in cap space, while adding $1.5 million to his dead money over the next two years.
VERDICT: Restructure his contract and save the $3 million in cap space. Mainly because he has proven that, when healthy, he can be a pretty good Left Guard. Also, if we ended up cutting Colon we'd have to either Re-sign Foster to be a starter or get a Offensive Lineman in the higher rounds and we all know that we have bigger priorities in the draft than Guard. Unless Chance Warmack magically appears at #17, this is the best option for the Steelers.

With my verdicts for Harrison, Keisel, Timmons, Polamalu, & Colon, The Steelers would save roughly $17.1 million of cap space.
However if the Steelers are trying to keep any of the these players: Keenan Lewis, Rashard Mendenhall, or Mike Wallace. Restructuring Woodley's deal so that $6 million cap space is made for 2013 and only $2 million per year dead money is added to Wooldey's cap hits for the rest of his contract, that's also another option so we would save $23.1 million of cap space.

Thoughts and comments?

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Last edited by Justp94; 01-23-2013 at 03:04 PM. Reason: Added more details/options and better outcomes.
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