Miller, Dwyer, Velasco And Graham Contract Details

According to NFLPA records, the Pittsburgh Steelers turned $3,187,500 of the $5,162,000 base salary that tight end Heath Miller was scheduled to make in 2013 into a signing bonus and that created $1,593,750 in additional salary cap space as a result.

As previously noted, running back Jonathan Dwyer signed a one-year, $630,000 contract and being as he was not on the roster for week one, he will now count $592,941 towards the salary cap.

Center Fernando Velasco signed a one-year, $715,000 qualified contract that comes with a reduced cap hit of $555,000. Like Dwyer, because he was not on the roster for week one, his cap charge will be $522,353.

Kicker Shayne Graham also signed one-year, qualified contract in the amount of $940,000 and that too comes with a reduced cap charge of $555,000 and a 16 week prorated amount of $522,353.

After all three signing and the restructure were completed, the Steelers currently sit $1,385,253.00 under the cap.

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • steeltown

    Thanks Bryan, was wondering this exact thing
    So, Grahams qualified contract will not incur any dead money once he’s released, correct?

  • SteelersDepot

    none of these contracts had signing bonuses so no dead money associated with any of them.

  • steeltown

    That’s what I was thinking, thanks

  • Shannon Stephenson

    Why would Graham who would be making the most still get the same amount as Dwyer who would be making less for the year and then Velasco making the most although he would not be making the most for a whole year?

  • Bilgewater D

    Except Miller’s, now you almost have to extend him in the off-season

  • Bilgewater D

    League minimum salary based on years of service would be my guess?

  • Jefferson_St_Joe

    Hopefully, there will be no more season ending injuries in the next few games. Borrowing future cap dollars to sustain the 2013 Steelers may not be a wise investment.

  • SteelersDepot

    Graham does get more than Dwyer. Cap charge is lower, however, because of the type of contract he signed.

  • SteelersDepot

    New player contracts was what I was referring to. Did I really have to spell that out?

  • Richard Edlin

    I think the FO deserves criticism in a lot of places but can’t see this one as being avoidable … the Steelers need to have that $1.5m in case there are further injuries & the effective figure is closer to $1.9m given that Suisham shouldn’t be out very long. Still, by that point I suspect we may have more injuries to worry about …

  • Jefferson_St_Joe

    I agree and wasn’t criticizing. There are few choices left.

    Once Graham is cut, his roster spot will be replaced with another salary, so that won’t save much, if anything. If Spaeth comes back later in the year, they could pick up a couple hundred thousand there, though.

  • Shannon Stephenson

    ok…thank you. I just thought they were all just standard minimum wage type deals.

  • Dennis Nevinsky

    We had $3,783,886 Cap room at the start of the season and
    added $1,593,750 with the Miller signing bonus.

    That should have brought us to $5,377,636 cap room before
    the signing of 3 players for $1,702,941.

    That should leave us with $3,674,695.

    Where did you come up with the $1,385,353 left in cap room?