Report: Steelers Rework Contract Of TE Heath Miller In Order To Free Up Cap Space
According to Ed Bouchette of the Pittsburgh Post-Gazette, the Pittsburgh Steelers have reworked the contract of tight end Heath Miller in order to free up some cap space for the three players they signed on Monday.
#Stgeelers reworking Heath Miller's contract to gain salary cap room in light of 3 signings on Monday. No extra money or years.
— Ed Bouchette (@EdBouchette) September 10, 2013
Bouchette reports that no new money or years were added to Miller’s deal, so that likely means some of his $5.162 million base salary from this year was turned into a signing bonus.
Miller’s contract runs through the 2014 season and the team is expected to extend him after the 2013 season assuming he stays healthy.
This move is merely moving money from one column to another as Millers 2013 cap hit will decrease by half of what was paid to him as a signing bonus. That will of course make his 2014 cap hit go up from the $7.9665 million that it was scheduled to be.