There is just one week to go now before the start of the 2013 league year. The Pittsburgh Steelers are already under the $123 million cap number with a current Rule of 51 number of roughly $121,065,372.66 after the signing of cornerback William Gay on Monday. That number includes the $1.4 million cap credit that they are also reportedly due.
As you can see, that number is just $1,934,627.34 under the $123 cap number. Next up for the Steelers will be tendering of the restricted and exclusive rights free agents that they wish to keep. The restricted free agent list consist of Jonathan Dwyer, Jeremy Kapinos, Steve McLendon, Isaac Redman, Stevenson Sylvester and Emmanuel Sanders. The exclusive rights free agents are Baron Batch and DeMarcus Van Dyke. My best guess is that all except Kapinos will be tendered, but that is only a guess.
As of Tuesday there still has been no confirmation that linebacker LaMarr Woodley has had his contract restructured. If done, that could free up to another $6.1875 million in cap space, which would easily accommodate the $4.74 million worth of cap space needed to low tender everyone but Kapinos after displacement. Should that wind up being the course of action, then the Steelers would be $3,979,907.34 under the $123 million cap come the start of the new year.
Should the Steelers wind up not restructuring Woodley, then the Steelers would need to either terminate a few contracts, restructure a different players\’ contract or ask a few players to take a reduction in their 2013 base salary.
As previously outlined in other post, the Steelers will need more cap room to accommodate any free agents, either their own or others, that they wish to sign. There has already been contract talks with linebacker Larry Foote, who more than likely will be re-signed at some point. They also have to plan ahead to accommodate the extra cap space needed for their 2013 draft class down the road.
Should Woodley wind up not being restructured, then we could be in for an interesting next few days. General manager Kevin Colbert has indicated all offseason that a few terminations could likely happen, but up until this point there hasn\’t been any outside of running back Chris Rainey being waived because of his offseason indiscretions.
Kapinos is not even on the roster. Was cut in camp.
He was waived injured and reverted back to roster. http://www.steelers.com/news/article-1/List-of-Steelers-free-agents/ed126f46-ecf5-4677-9436-bbf7a7e4f92b
Colbert has said, we’re not married to anyone and terminations could be likely blah blah.. well so far nothing has happened besides restructures… sooo, whats going to happen?? Something has to give, 8-8 is unacceptable, we need cap space (for signing players) and we also should be pushing the youth movement at a few positions.
I’m getting antsy! It very well SHOULD be an interesting next few days!
Why have we not restructured Woodley’s contract, what is preventing us from doing this?
Not sure. They might just release Harrison and Colon and maybe ask a few players to take some salary reductions rather than restructure the struggling Woodley again
They need to start reducing the amount of restructures that are taking place every offseason… its a bad habit to have and should be a last resort
I agree that everything has been business as usual and that it isn’t acceptable given the 8-8 and the list of pending unrestricted free agents.
A few things that could be happening are: -some of the likely to be waived are negotiating lower contracts. -some on the list of players we think could be waived are being shopped in trades for draft picks post March 12. -not all the restricted players will be tendered.
Its also possible that a significant cut with a June 1 designation will be used to free up the draft/rookie money.
Good question. The only think I can think of is that he hasn’t played up to his contract the last two seasons. Maybe the FO is keeping the door open to the possibility of letting him go if he has another down year? Another re-structure would increase the dead money from his release.
I wouldn’t tender Dwyer and Sylvester. We need a new all-down RB. Redman is a good short yardage/goal line back and Batch is an average receiving RB (but I would bring an UDFA RB with similar skillset for competition, my favorite is Latavius Murray). I’m sick of Dwyer’s conditioning problems and his nonexistent explosiveness. It is painful to see how much time he needs to reach the LOS. And he can’t run outside of the OTs. He is simply not a good fit in the Haley/Bicknell runO. Sylvester’s successor is in place: Brian Rolle.
Dwyer is a beast at HB…not sure why people cant see this.
I agree. I don’t think either guy gets more than the tender on the open market. Sign them if they can’t anything better.
Thats my reaction too, cutting should not be difficult since we were 8-8, but not one Steeler has been cut. So far appears Colbert more content with mediocrity than his hot air implied.
I totally forgot about Kapinos. I’d bring him back to compete with Butler for real this time.
Redman has bad ankles, he’s injured every 2-3games.. Dwyer is the better option… but I agree, Sly isnt worth $1.3MIL tender
Agreed.. a solid #2 all day
What do you think the 2013 cap charge for a new Keenan Lewis deal would be?
Between$2-3 million in 2013 if deal gets done.
That’s totally reasonable. Sounds like he will be back unless someone throws a ton of money at him…
Your thaughts make a lot of sense. At the very least they should wait until they know for sure if they can get a pay cut or restructure out of Harrison before negotiating with Woodley. A restructure for Woodley is in his best intrest–makes it harder for them to cut him–so negotiating it at the last minute shouldn’t be a big deal.
Exactly… I think they are doing just that.. a wait and see what happens with Harrison approach, if he agrees to a paycut or is ultimately released, its a big difference in the amount of cap savings
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