I have an update on the one-year contract signed last week by Pittsburgh Steelers tight end Michael Palmer.
According to NFLPA records, Palmer did indeed sign for the veteran minimum, but he didn’t receive a signing bonus. His contract, however, is still a qualifying contract and he will only count $570,000 against the salary cap.
So what does this mean? Basically, the Steelers have $65,000 more salary cap space than I originally thought.
Not that it makes a huge difference, but now that we know Palmer didn’t receive a $65,000 signing bonus, he’s even easier to cut should he not make the final 53 man roster as there will be zero dead money associated with him.