View Full Version : new cap number?
mortgageman
03-01-2012, 08:33 PM
now that we have released Hines, Kemo and Smith, does anyone know our current cap situation. Before the restructuring of contracts began, I thought we were around 25 mil over the cap. To my knowledge, it seemed like we shed close to that in restructures and releasing these three players should save an additional 6 plus mil. We should be under the cap by now with some more cuts to come. Im pretty impressed with the job so far.
86WARD
03-01-2012, 08:54 PM
After the restructures and before the releases, the Steelers were about $640,000 under. Even with the recent releases and more to come, there is a lot of work to be done before signing Wallace. A lot...
mortgageman
03-01-2012, 09:04 PM
We are not signing Wallace. His cap number will be around 2.5 mil with the restricted free agent tag. If another team chooses to try to snag him, we may lose him. It's a risk we have to take. There are some pretty solid WRs in free agency right now, so if we lose Wallace, we also shed that 2.5 off our cap number which could put us in position to sign a decent wr. Not ideal, so hopefully no team will try to grab him.
polamalubeast
03-01-2012, 09:11 PM
http://burgh.us/7gq
mortgageman
03-01-2012, 09:22 PM
Not really seeing what that shows...
SteelMember
03-02-2012, 12:52 PM
I can't say what the new number will be, but after a couple weeks of trimming the numbers, here's where we're at.
Player: Action — Savings
QB Ben Roethlisberger: Restructure — $8.15 million
LB LaMarr Woodley: Restructure — $6.56 million
LB Lawrence Timmons: Restructure — $5.14 million
WR Hines Ward: Release — $3.37 million
CB Ike Taylor: Restructure — $3.28 million
OL Willie Colon: Restructure — $2.85 million
LB James Farrior: Release — $2.8 million
CB Bryant McFadden: Release — $2.5 million
OL Chris Kemoeatu: Release — $2.39 million
DL Aaron Smith: Release — $2.11 million
WR Arnaz Battle: Release — $1.04 million
Total savings: $40.19 million
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