Ben restructures for 8million savings

Curtain_of_Steel · 02-23-2012, 04:24 PM

http://www.kffl.com/gnews.php?id=771...tructures-deal

Not a lot of details, but in one swoop of the pen, we are under the cap. They have got to do the overhaul now so we can use this years cap to offset some for next year. Stop the loyalty it didnt pay, RE Smith and Ward, its time!

***Bayz101*** · 02-23-2012, 04:25 PM

My friend tells me Ben restructured his contract today. It was announced on 93.7, no articles yet. Said to be saving the team eight million.

That's a lot of cheese.

Post any articles if you find them!!

***Bayz101*** · 02-23-2012, 04:25 PM

Here's one:

http://www.cbssports.com/mcc/blogs/e...75988/34963262

Curtain_of_Steel · 02-23-2012, 04:25 PM

Added link with details

http://www.cbssports.com/mcc/blogs/e...75988/34963262

Since it now seems that the most important thing in the world for the Steelers to do this offseason is keep Mike Wallace in the organization -- clearly the franchise is being truthful when it says it wants the receiver to spend his entire career in Pittsburgh -- even Ben Roethlisberger is willing to sacrifice.

According to the Pittsburgh Post Gazette, Roethlisberger has restructured his contract so the Steelers can save about $8 million in cap space for 2012. Reporter Ed Bouchette writes that the cap space saved by the Roethlisberger restructuring will put the Steelers at about the cap limit of $120 million.

Roethlisberger signed an eight-year, $102 million deal in 2008, and though he was originally supposed to make $11.6 million in 2012, Pittsburgh has taken $10.7 million of that and converted it into a signing bonus. As Mac’s Football Blog points out, the signing bonus will then add $2.675 million to the Steelers salary cap from 2013-2015. Roethlisberger will make at least $11.6 million per year in those three seasons.

Pittsburgh clearly wants to keep Wallace, a restricted free agent this offseason, for the long term, and in order to do that, the Steelers will have to sign him to a long, rich contract. Or they could franchise tag him, which would cost the team about $9.5 million for 2012. Even with Roethlisberger’s restructuring, reaching that mark probably will be tough.

And at this point, Wallace isn’t sure he’ll return to his team.

"(Pittsburgh is) where I would like to be, but we all know that it is a business and you have certain things you have to handle," Wallace told Sirius XM NFL radio on Wednesday. "So if I have to go elsewhere, you know Pittsburgh will always be in my heart, but I have to do what I have to do.

"Yeah, we are talking, but I don`t know how far they are going to get right now because of the situation. I know that they are working hard trying to take care of it, but I don`t know. We`ll see.”

Most likely, the Steelers will place a first-round tender on Wallace, but a team that needs receiver help and that has plenty of space under its respective salary cap (and can let go of a first-round pick) might have a better chance of making an offer to Wallace the Steelers simply can’t match. Then, it won’t matter what Roethlisberger has sacrificed, because one of his top targets will be gone.

***Bayz101*** · 02-23-2012, 04:26 PM

This pretty much wipe's out our Cap Issues, with people still left to cut.

meelanova · 02-23-2012, 04:29 PM

Someone reported it on BSPN. We're still 9 mil over. But that 8 mil we just saved helps out a helluva lot

Curtain_of_Steel · 02-23-2012, 04:29 PM

As I have been stating, with the right deals, we could easily be 20-25mill UNDER the cap. Ben's structure, puts us 4million under.

Add Ward, Kemo, Farrior OR Foote, Hampton, Smith, thats 18million.

Step up FO, and do the deeds now. Put Fido and Old Yeller out of their misery, lol

***Bayz101*** · 02-23-2012, 04:30 PM

Quote:

Originally Posted by meelanova

Someone reported it on BSPN. We're still 9 mil over. But that 8 mil we just saved helps out a helluva lot

Not sure how we're nine million over when we we're five million over when we restructured Colon's contract

I'm almost certain this restructure wipe's out or cap troubles.

Curtain_of_Steel · 02-23-2012, 04:31 PM

Meel,

we are under the cap now with the cuts to Mac and Battle. That reporter dropped out of public school, he can't add.

Unless Goodell just lowered the cap another 10million to F with us, lol

Curtain_of_Steel · 02-23-2012, 04:32 PM

Bayz, they need to hire us, enough of this crap. lol Anyone with 10 fingers and 7 toes can add this up

02-23-2012, 04:24 PM	#1
Curtain_of_Steel Head Coach Join Date: Jan 2009 Posts: 1,524 Member Number: 11678 Thanks: 0 Thanked 9 Times in 8 Posts	Ben restructures for 8million savings http://www.kffl.com/gnews.php?id=771...tructures-deal Not a lot of details, but in one swoop of the pen, we are under the cap. They have got to do the overhaul now so we can use this years cap to offset some for next year. Stop the loyalty it didnt pay, RE Smith and Ward, its time!

02-23-2012, 04:25 PM	#2
*Bayz101* Renegade Join Date: Sep 2011 Location: Mansfield Posts: 5,500 Gender: Male Member Number: 18856 Thanks: 130 Thanked 329 Times in 213 Posts	Roethlisberger Restructures My friend tells me Ben restructured his contract today. It was announced on 93.7, no articles yet. Said to be saving the team eight million. That's a lot of cheese. Post any articles if you find them!! __________________ "Either you're playing dumb, or it's not an act". -Judge Judy www.facebook.com/surgemovement

02-23-2012, 04:25 PM	#3
*Bayz101* Renegade Join Date: Sep 2011 Location: Mansfield Posts: 5,500 Gender: Male Member Number: 18856 Thanks: 130 Thanked 329 Times in 213 Posts	Re: Roethlisberger Restructures Here's one: http://www.cbssports.com/mcc/blogs/e...75988/34963262 __________________ "Either you're playing dumb, or it's not an act". -Judge Judy www.facebook.com/surgemovement

02-23-2012, 04:25 PM	#4
Curtain_of_Steel Head Coach Join Date: Jan 2009 Posts: 1,524 Member Number: 11678 Thanks: 0 Thanked 9 Times in 8 Posts	Re: Ben restructures for 8million savings Added link with details http://www.cbssports.com/mcc/blogs/e...75988/34963262 Since it now seems that the most important thing in the world for the Steelers to do this offseason is keep Mike Wallace in the organization -- clearly the franchise is being truthful when it says it wants the receiver to spend his entire career in Pittsburgh -- even Ben Roethlisberger is willing to sacrifice. According to the Pittsburgh Post Gazette, Roethlisberger has restructured his contract so the Steelers can save about $8 million in cap space for 2012. Reporter Ed Bouchette writes that the cap space saved by the Roethlisberger restructuring will put the Steelers at about the cap limit of $120 million. Roethlisberger signed an eight-year, $102 million deal in 2008, and though he was originally supposed to make $11.6 million in 2012, Pittsburgh has taken $10.7 million of that and converted it into a signing bonus. As Mac’s Football Blog points out, the signing bonus will then add $2.675 million to the Steelers salary cap from 2013-2015. Roethlisberger will make at least $11.6 million per year in those three seasons. Pittsburgh clearly wants to keep Wallace, a restricted free agent this offseason, for the long term, and in order to do that, the Steelers will have to sign him to a long, rich contract. Or they could franchise tag him, which would cost the team about $9.5 million for 2012. Even with Roethlisberger’s restructuring, reaching that mark probably will be tough. And at this point, Wallace isn’t sure he’ll return to his team. "(Pittsburgh is) where I would like to be, but we all know that it is a business and you have certain things you have to handle," Wallace told Sirius XM NFL radio on Wednesday. "So if I have to go elsewhere, you know Pittsburgh will always be in my heart, but I have to do what I have to do. "Yeah, we are talking, but I don`t know how far they are going to get right now because of the situation. I know that they are working hard trying to take care of it, but I don`t know. We`ll see.” Most likely, the Steelers will place a first-round tender on Wallace, but a team that needs receiver help and that has plenty of space under its respective salary cap (and can let go of a first-round pick) might have a better chance of making an offer to Wallace the Steelers simply can’t match. Then, it won’t matter what Roethlisberger has sacrificed, because one of his top targets will be gone.

02-23-2012, 04:26 PM	#5
*Bayz101* Renegade Join Date: Sep 2011 Location: Mansfield Posts: 5,500 Gender: Male Member Number: 18856 Thanks: 130 Thanked 329 Times in 213 Posts	Re: Roethlisberger Restructures This pretty much wipe's out our Cap Issues, with people still left to cut. __________________ "Either you're playing dumb, or it's not an act". -Judge Judy www.facebook.com/surgemovement

	Why register with the Steelers Fever Forums? • Intelligent and friendly discussions. • It's free and it's quick. Always. • Enter events in the forums calendar. • Very user friendly software. • Exclusive contests and giveaways.
Donate to Steelers Fever, Click here	Our 2013 Goal: $400.00 - To Date: $00.00 (00.00%)

02-23-2012, 04:29 PM	#6
meelanova Draft Prospect Join Date: Oct 2006 Posts: 129 Member Number: 3454 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Roethlisberger Restructures Someone reported it on BSPN. We're still 9 mil over. But that 8 mil we just saved helps out a helluva lot

02-23-2012, 04:31 PM	#9
Curtain_of_Steel Head Coach Join Date: Jan 2009 Posts: 1,524 Member Number: 11678 Thanks: 0 Thanked 9 Times in 8 Posts	Re: Ben restructures for 8million savings Meel, we are under the cap now with the cuts to Mac and Battle. That reporter dropped out of public school, he can't add. Unless Goodell just lowered the cap another 10million to F with us, lol

02-23-2012, 04:32 PM	#10
Curtain_of_Steel Head Coach Join Date: Jan 2009 Posts: 1,524 Member Number: 11678 Thanks: 0 Thanked 9 Times in 8 Posts	Re: Ben restructures for 8million savings Bayz, they need to hire us, enough of this crap. lol Anyone with 10 fingers and 7 toes can add this up

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)