Now that the contract numbers for new Pittsburgh Steelers wide receiver Lance Moore are in, we should have a real good idea as to how much salary cap space the team currently has with 68 players under contract.
Following the contracts being signed by Moore, Arthur Moats and Michael Palmer, the Steelers should be roughly $1,051,934 under the cap as of right now after displacement in the top 51 occurs.
In case you are curious, the next signing that takes place will displace a $495,000 salary. So let’s say the Steelers sign a running back at the end of this week that has a 2014 cap charge of $1.5 million, that would only use another $1.005 million of cap space.
On Tuesday, head coach Mike Tomlin said he thinks the team will sign an experienced running back by the end of this week.
Should the Steelers need even more cap space between now and June 2, they would most likely restructure the contract of linebacker Lawrence Timmons. That would free up nearly $4 million more in cap space. However, as it looks right now, they are trying hard to avoid having to do that.