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Old 02-23-2012, 04:24 PM   #1
Curtain_of_Steel
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Default 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!

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Old 02-23-2012, 04:25 PM   #2
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Default 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!!
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Old 02-23-2012, 04:25 PM   #3
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Default Re: Roethlisberger Restructures

Here's one:

http://www.cbssports.com/mcc/blogs/e...75988/34963262
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Old 02-23-2012, 04:25 PM   #4
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Default 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.
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Old 02-23-2012, 04:26 PM   #5
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Default Re: Roethlisberger Restructures

This pretty much wipe's out our Cap Issues, with people still left to cut.
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Old 02-23-2012, 04:29 PM   #6
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Default 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
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Old 02-23-2012, 04:29 PM   #7
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Default Re: Ben restructures for 8million savings

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
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Old 02-23-2012, 04:30 PM   #8
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Default Re: Roethlisberger Restructures

Quote:
Originally Posted by meelanova View Post
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.
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Old 02-23-2012, 04:31 PM   #9
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Default 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
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Old 02-23-2012, 04:32 PM   #10
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Default 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
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