Steelers Cap Situation After Matching Emmanuel Sanders Offer Sheet

The Pittsburgh Steelers made the decision on Sunday to match the one-year, $2.5 million offer sheet that restricted free agent wide receiver Emmanuel Sanders signed with the New England Patriots and here is a look at the salary cap situation as it stands right now.

Heading into Sunday, the Steelers had $1,919,760.00 in cap space at their disposal and when you factor in the additional $1.177 million used to match the Sanders offer sheet, it leaves them with just $742,760 in available cap space.

The Steelers will gain roughly an additional $5.02 million in cap space  after displacement on June 2nd when the release of guard Willie Colon becomes official, and that will put them roughly $5,762,760 under the cap if no moves take place between now and then.

The Steelers will at that time need roughly $1.5 million of that cap space after displacement to sign all of their draft picks, assuming they stay put with their currently scheduled eight picks.

Should the Steelers decide that they want to sign any free agents between now and June, the displacement process will only allow for a few low priced players at the minimum. Signing any higher priced players will result in the in the Steelers either terminating a contract or two, extending a player or two, or doing a restructure on a player such as Ike Taylor, Heath Miller, or Troy Polamalu. Going the restructure route would push even more potential dead money into 2014, however.

While they could try to extend Sanders, it would be tough, and I will recap those roadblocks in my next post.

  • Untitled

    I think getting an extension done right now will be difficult, but it certainly is possible after the year when a lot of veterans’ contracts expire or get cut, either in pay or from the roster all together, plus guys like Pouncey and Ben getting extended. A tag and sign is very possible cap wise.

  • Chris92021

    If the Steelers stay put, they won’t be able to sign any FAs but that’s fine. As long as we sign all of our draft picks, that’s all that matters. However, I would like to see us rework Polamalu’s contract to give us some relief just in case. Good to see Easy Money come back albeit for one more year.

  • NW86

    This is really fine. I don’t think the Steelers were going to sign any veteran free agents real soon anyway. As of right now, it looks like they will have over $4M to work with after June 1, and after accounting for the rookie class. That gives them the chance to fill any holes with a veteran or two (Bradshaw, Starks, Batch, depending on how the draft went) before training camp, and still leaves them a couple million to work out an extension for someone like Sanders, Worilds, McClendon, or Ziggy.

  • breichjr

    I don’t understand the fascination with Troy anymore. He *was* a wonderful player and *is* a wonderful man, but clearly age has taken its toll on him. Can anyone think of one great play he made last season? Didn’t think so. To think that we kept him and released James Harrison is almost beyond comprehension. This draft better rival the ones that brought us Jack Ham, Jack Lambert and Mean Joe or the Stillers are in for many looong seasons in the near future.