Steelers Restructure Contract Of LB Lawrence Timmons

The first offseason contract restructure for the Pittsburgh Steelers has been taken care of as Albert Breer of reports linebacker Lawrence Timmons has had his 2013 cap hit lowered roughly $5 million.

Timmons was originally set to earn a $5.375 million base salary in 2013 and also had a roster bonus due him of $2.5 million. The roster bonus and more than $4 million of his base salary were combined together and turned into a signing bonus in order to create the cap savings. The max that the Steelers could have saved with this restructure is $5.37 million and we will have to wait and see if indeed that was the full amount or not.

Timmons is under contract through the 2016 season and this restructure will add on more than $1.7 million in signing bonus proration to each of those years.

That is the first of a few restructures that the Steelers are expected to do prior to March 12, the start of the new league year and when the team must be cap compliant by. Quarterback Ben Roethlisberger will have his cap number lowered via restructure and the Steelers can save as much as $7.173 million by doing so.

Linebacker LaMarr Woodley and wide receiver Antonio Brown, as I pointed out back in late December, are also candidates to have their contracts restructured this offseason.

  • disqus_wdLdx4W76r

    Woodley shoulda been the 1st to volunteer! @Blkandgold4Life

  • SteelersDepot

    Volunteer? You know this is not a pay cut, right?

  • mjfsteeler

    If Harrison gets axed would Woodley moving to ROLB & Worilds stepping in @ LOLB make more sense than Worilds @ ROLB?

  • Intropy

    I’m pretty sure every player would volunteer to get paid now instead of over the course of a season.

    I guess that is unless you plan to retire and would like to get some income moved into the next year for taxes.

  • Jason White

    It seems no matter how many times you explain it Dave someone is gonna assume a restructure means pay cut. Hell I am sure every player would love to be restructured and have more of their salary guaranteed to them. A lot of people also believe the Steelers should extent James Harrison or restructure his contract without understanding what that actually does. I know I am no expert on all that stuff but I get the basics.

  • steeltown

    Timmons is the only one i’m comfortable with restructuring this season… and Ben I guess