The details of the contract restructure of Pittsburgh Steelers linebacker Lawrence Timmons are in via Pro Football Talk and it was pretty much what I expected it to be.
Timmons had $4.625 million of his $5.375 base salary, along with his $2.5 million roster bonus due, turned into a signing bonus which now makes his 2013 cap number $5,816,250 million. That cleared $ 5,343,750 million in 2013 cap space.
This restructure now adds $1,781,250 to each of the final years of Timmons\’ contract, which expires after 2016 season, as bonus proration chargers, Timmons\’ cap charges in 2014, 2015 and 2016 should now be $11,816,250, $12,566,250 and $11,816,250 respectively.
As long as Timmons stays healthy and productive in 2013 he could be a candidate to be restructured again next offseason, should the need arise. In 2014 he is due a base salary of $6.75 million. Converting all but $1 million of that next offseason into another signing bonus, however, would only create a little more than $3.83 million in 2014 cap space should that wind up happening.
The Steelers have also restructured the contract of wide receiver Antonio Brown and the details of that restructure can be found here.