Report: Two Years, $2 Million For Steelers TE Matt Spaeth
The numbers of the two-year contract signed Monday by tight end Matt Spaeth are out as Gerry Dulac of the Pittsburgh Post Gazette reports Monday via Twitter that the deal totals $2 million and includes a $275,000 signing bonus.
If indeed this is correct, the base salary for Spaeth in 2013 will most likely be $725,000 and his 2014 base salary $1 million. Those numbers would produce a cap hit of $862,500 in 2013 and a $1,137,500 cap hit in 2014.
Should Spaeth need to be released next off-season, he would produce a dead money charge of $137,500.
The official base salary numbers could be slightly different than my guess when reported, but this should be close.