Steelers Assigned $5.13 Million Rookie Pool For 2012 Draft Picks

The 2012 NFL draft is in the rear view mirror now and the Pittsburgh Steelers nine draft picks will translate into a $5.13 million 2012 rookie pool number that the team will work with to get all of their rookies signed within. The total value of the contracts for the rookies can\’t exceed $28.25 million. All draft picks selected must be signed to four-year contracts, while first round round draft pick David DeCastro will be signed to a four-year deal that will include a 5th year club option. Undrafted players signed will have three years contracts.

The rookie pool is just that, a pool of money that the Steelers have to sign their rookies. It is a cap within a cap so to speak, but it doesn\’t have a dollar for dollar correlation to the Steelers overall salary cap because of how the Rule of 51 works. All nine of the Steelers draft picks should have a 2012 base salary of $390,000, so only the 2012 pro rated signing bonus monies of each will get included into the rule of 51 number.

The Steelers 2011 first round draft pick Cameron Heyward signed a four-year, $6.7 million contract last year and the deal included a $3.37 million signing bonus. He also was the 30th overall pick in the draft. DeCastro was the 24th overall pick this year and his contract should come in slightly higher than that of the New Orleans Saints 2011 24th overall draft pick Cameron Jordan. Jordan signed a four-year, $7.73 million contract and the deal included a $4.12 million signing bonus. So the total of the DeCastro deal will likely come in at about $8 million or so and carry roughly a $1.5 or so cap hit with it.

  • reg38

    I assume the “5th year club option” is when they can become a RFA. Four years plus a RFA year?

  • SteelersDepot

    f) Fifth-Year Option for All Other Selections in Round One.
    (i) For any other Drafted Rookie selected in round one, the Paragraph 5 Salary for the player’s Fifth-Year Option shall equal an amount that would apply in the fourth League Year of the Rookie Contract if one calculated the Transition Tender for that League Year by using the same methodology as set forth in Article 10, Section 4, but using the applicable third through twenty-fifth highest Salaries (as “Salary” is defined in Article 10) (as opposed to the ten highest Salaries) for players at the position at which the Rookie participated in the most plays during his third League Year. No other Salary (other than the minimum offseason workout per diem and compensation for community relations/sponsor appearances or promotional activities (subject to the maximum amounts permitted in Section 3(b)(iv) above)) is permitted for the Fifth-Year Option.
    (ii) The entire Paragraph 5 Salary for the Fifth-Year Option shall be guaran-teed for injury-related termination only, effective upon the Club’s exercise of the Option. The entire Paragraph 5 Salary for the Fifth-Year Option shall be guaranteed for skill, injury, and Salary Cap-related termination if the player is on his Club’s roster at the start of the player’s fifth League Year (i.e., the option year).
    (iii) The Fifth-Year Option Paragraph 5 Salary shall not be considered Roo-kie Salary and will not count against the Total Rookie Compensation Pool, or against the Club’s Total Rookie Allocation, or for purposes of the 25% Increase Rule.
    (g) Breach. (i) Notwithstanding anything to the contrary in Article 42 or Article 4, after the Club has exercised its Fifth-Year Option, any unexcused late report-ing to or absence from preseason training camp by a player in the fifth League Year of his contract (the option year) shall subject the player to a fine of $30,000 per day, plus one week’s regular season salary for each preseason game missed.
    (ii) Nothing in this Section shall preclude a player and a Club from agreeing to contract provisions relating to the forfeiture of Salary earnable in any League Year prior to the player’s option year, subject to the restrictions set forth in Article 4, Section 9.

  • lee

    so, can you update the steelers salary cap situation for us?

  • Emac2

    1st round contracts are expected to exceed prior year comps even though we have a new CBA?

  • Dave, doesn’t the fifth year option basically mean the end of restricted free agency for rookies? From the way I understand it, the option provides a team the ability to extend the length of the contract of a first round pick, by one year. This would mean no RFA tender, and no worries that another team can swoop in, and try to sign the player away.

  • kevin

    So, if Decastro is as good as advertised, we might get him on the fifth year for a significantly cheaper amount than a franchise tender, probably somewhere mid-way between first round tender and franchise?

  • I don’t think year 5 is a RFA year. If the team doesn’t pick up the option, the player becomes a UFA at the end of year 4. If the team decides to pick up the option, then the players contract is extended by one year. I believe that RFA only applies to players who don’t have enough accrued seasons to qualify for UFA, which is 4 years.

  • Derick

    great write up Dave. How interested are you in the Rainey pick? TH had McCluster but it seems like Rainey will and can do more. your thoughts? thanks!

  • BlacknGold_since1971

    I stumbled across your blog a few months ago and have been hooked. Thanks for all the great info, and I LOVE the podcasts! I wish you could do one everyday!!!

  • reg38

    Reading that must have been like Big Ben reading Haley’s new playbook. Where is the Rosetta Stone book when ya need it!

  • PoKey21

    Young, Cheap, Talent. Gota love the draft and the new rookie wage scale when your team is being strangled by the salary cap!

  • Jprankster2005

    So with that money accounted for the 5 million how much money would the steelers have left…. I’ve heard there only 4 million under the cap and others say up to 8 million…..Just curious if you could shed some light figure after the 5.13 million…… And another question Adams said he would defer his signing bonus for a yr. and half will that count against cap now…. If u can answner any these questions I’d appreciate…..Just curious a around about what the steelers have left after this 5 million

  • SteelersDepot

    It is SPECULATED Adams said that. NOT confirmed. As soon as the REAL numbers come in the rookies I will update.!/mortreport/status/196071816693952512

  • Jprankster2005

    Ok Thanks…… And when do rookies usually sign bye? I just remember last yr. after the lockout it was rush rush…… Wasn’t really into contract numbers and dates and stuff like that until last yr. So I’m curious when they usually sign bye….. Do they sign within the first month or is it in the summer