Steelers May Get An Extra $506K Worth Of Salary Cap Space In 2012
Every penny helps, especially when it relates to the NFL salary cap and it looks as if the Pittsburgh Steelers might have another $506,000 worth of salary cap space to work with if the report today by Mike Florio is correct. As Florio points out, there is an important provision in the new Collective Bargaining Agreement that states teams may carry over any remaining cap room from one year to the next by submitting written notice, signed by the owner of the team, to the league. Basically it works like roll over cell phone minutes in that if you do not use all of your salary cap room in one season, you get a credit the next season for the dollars you ended up being under the salary cap.
This new mechanism is in Article 13, Section 6(b)(v) of the new CBA and indicates that the written notice must indicate the maximum amount of cap room that the team wishes to shift from one cap year to the next. Seems pretty simple and straight forward, but I must admit it is news to me. I am certainly going to look more into it and if there is any backlash to doing it. The Steelers used the most cap space of any team in 2011 and thus have only slightly more than a half a million for them to roll over into 2012. I am sure they will, as that is basically a first year player base salary plus a little left over. A half a million is a half a million.