Steelers Restructured The Contract Of Ike Taylor To Free Up Cap Space

Due to the lack of salary cap space, the Pittsburgh Steelers have restructured the contract of cornerback Ike Taylor in order to free up much needed room.

According to the NFLPA, the Steelers turned all but the minimum of Taylor’s 2013 base salary into a signing bonus which dropped his cap number down from just under $9.5 million to just under $8 million.

Following all of the recent roster moves, the Steelers are now $1,735,391.00 under the cap, according to the NFLPA.

If you have been following the recent back and forth of the Isaac Redman contract, it now turns out it was fully guaranteed as originally believed. An agent told me on Monday that it wasn’t after I had written all offseason that it was.

We will have more on Taylor here shortly and what this now means for him.

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • Lamarr56

    Maybe the Steelers are clearing cap space so they can sign Tony Moeaki off of waivers. I heard they might be interested in him.

  • SteelersDepot

    lol. Don’t be silly.

  • TheBlitz

    This is simply because the FO made a bad personnel decision when they decided to anoint a RB as a starter although he spent his entire offseason in the tub and cut Dwyer. It turns out it was a whole fiasco that ended up with Redman being inactive and passed up on the depth chart by a guy they cut prematurely and now they are paying for it

  • Aric Brown

    why are we clearing up cap space right before the trade deadline?

  • WilliamSekinger

    The ageless one gets at least another year…won’t the armchair GMs all be so happy? lol

  • AndyR34

    You don’t think they need another TE? LOL!

  • T R

    Maybe they going after Justin Blackmon.. .to beef of receiving core. since Moye drop that TD pass and Heath Fumbled and weaton hurt.. LOL Wishful thinking… LOL

  • Kysteeler

    They only have FIVE!! lol

  • gene mann

    we going to corner the Injured Te market?

  • NW86

    Good question…this means something, and I expect we’ll find out real soon. As of right now, I don’t like them pushing more dead money into 2014, when they are already over the cap, and on a guy in his mid 30’s who can’t be given a 5 year extension. But I’ll reserve judgement until I see what happens next.

  • Kevin Gobleck

    Hell maybe even Josh Gordon lol

  • roger

    how about trading for a corner who can cover someone

  • gene mann

    Ike has done well and Kudos to William Gay

  • CrazyTerry

    didnt Steelersdepot claim that Stelers wont owe the rest of Redman’s salary? Once agian Khan and Colbert mess up the cap.

  • SteelersDepot

    Is your reading comprehension down?

  • Robert Schultz

    No, but they need serious help in the Offensive Tackle position right now! When will the front office address this dire need ?

  • steeltown

    This makes sense.. of all the veterans Ike Taylor was the most likely to be back in 2014.. we just don’t have good CB depth behind WillieG and C.Allen

  • steeltown

    Agreed… I was complaining all preseason that Redman shouldn’t be the anointed starter. Everyone else has to earn their keep, so should he

  • Dr. Doom

    Must be

  • Dr. Doom

    This could simply be that they are reserving funds in case of an emergency. Also any money they carry over to next year adds on to the cap, so it would help them next season.

  • srdan

    lol

  • srdan

    Isn’t the trade deadline approaching this week?

  • CrazyTerry

    sorry, i missed the update in this article about Redman. I was referring to the prior article. How does an agent misstate something that basic???

  • CrazyTerry

    It still does not speak well of a GM who has to keep restructuring contracts on a team that does not have many stars and haven’t done another extension for Ben where he will truly make the big money. All those 2M and 3M mistakes in the last few years are haunting this team. People keep saying Steelers are cheap when all evidence points to them paying their players fair market value at the very least.