It was announced on Wednesday that the Pittsburgh Steelers signed wide receiver Antonio Brown to a restructured contract and now that the numbers are coming in, I can provide you a look at his current contract.
According to several reports, the Steelers turned $4 million of the $8.71 million base salary that Brown was previously scheduled to earn in 2017 into a signing bonus in addition to $4.975 million of the $6.25 million base salary he was scheduled to earn in 2016.
If the above numbers are indeed correct, Brown’s base salaries in 2016 and 2017 will now be $1.275 million and $4.71 million respectively. The $8.975 million signing bonus that Brown reportedly received Wednesday as part of his restructure will be prorated over two years and as a result of that, the wide receiver will have a 2016 salary cap charge of $11,883,333 and 2017 cap charge of $13,618,334.
Heading into Wednesday, Brown’s 2016 salary cap charge was scheduled to be $12,370,833 so it has decreased by $487,500 as part of his restructure, if indeed the reported numbers are correct.
The Steelers will undoubtedly look to sign Brown to a very lucrative contract extension after the 2016 season is over and in short, the Steelers wide receiver will earn $10.25 million in 2016.
| YEAR | BASE SALARY | PREVIOUS PRORATED | NEW PRORATED | CAP CHARGE |
|---|---|---|---|---|
| 2016 | $1,275,000 | $6,120,833 | $4,487,500 | $11,883,333 |
| 2017 | $4,710,000 | $4,420,834 | $4,487,500 | $13,618,334 |
