Blog Entry

Report: Big Ben restructures contract for PIT

Posted on: February 23, 2012 5:09 pm
Edited on: February 23, 2012 9:19 pm
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It's not ideal, but the Steelers can survive in a Wallace-less offense. (US PRESSWIRE)
By Josh Katzowitz

Since it now seems that the most important thing in the world for the Steelers to do this offseason is keep Mike Wallace in the organization -- clearly the franchise is being truthful when it says it wants the receiver to spend his entire career in Pittsburgh -- even Ben Roethlisberger is willing to sacrifice.

According to the Pittsburgh Post Gazette, Roethlisberger has restructured his contract so the Steelers can save about $8 million in cap space for 2012. Reporter Ed Bouchette writes that the cap space saved by the Roethlisberger restructuring will put the Steelers at about the cap limit of $120 million (the deadline is March 13).

Roethlisberger signed an eight-year, $102 million deal in 2008, and though he was originally supposed to make $11.6 million in 2012, Pittsburgh has taken $10.7 million of that and converted it into a signing bonus. As Mac’s Football Blog points out, the signing bonus will then add $2.675 million to the Steelers salary cap from 2013-2015. Roethlisberger, who now has restructured his deal for the second time in six months, will make at least $11.6 million per year in those three seasons.

Pittsburgh clearly wants to keep Wallace, a restricted free agent this offseason, for the long term, and in order to do that, the Steelers will have to sign him to a long, rich contract. Or they could franchise tag him, which would cost the team about $9.5 million for 2012. Even with Roethlisberger’s restructuring -- and he's not the only one, as the team has reworked the contracts of Lawrence Timmons, LaMarr Woodley and Ike Taylor -- reaching that mark probably will be tough.

And at this point, Wallace isn’t sure he’ll return to his team.

"(Pittsburgh is) where I would like to be, but we all know that it is a business and you have certain things you have to handle," Wallace told Sirius XM NFL radio on Wednesday. "So if I have to go elsewhere, you know Pittsburgh will always be in my heart, but I have to do what I have to do.

"Yeah, we are talking, but I don`t know how far they are going to get right now because of the situation. I know that they are working hard trying to take care of it, but I don`t know. We`ll see.”

Steelers general manager Kevin Colbert is a bit more optimistic, saying Thursdasy (via the AP), "I'm confident Mike wants to finish his career with the Steelers."

Most likely, the Steelers will place a first-round tender on Wallace, but a team that needs receiver help and that has plenty of space under its respective salary cap (and can let go of a first-round pick) might have a better chance of making an offer to Wallace the Steelers simply can’t match. Then, it won’t matter what Roethlisberger has sacrificed, because one of his top targets will be gone.

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Comments
ALFIwantsout
Since: Sep 28, 2011
Posted on: February 25, 2012 12:03 pm
This comment has been removed.

Post Deleted by Administrator




Since: Mar 3, 2009
Posted on: February 24, 2012 3:09 pm
 

Report: Big Ben restructures contract for PIT




Since: Mar 3, 2009
Posted on: February 24, 2012 3:08 pm
 

Report: Big Ben restructures contract for PIT

this fat rapist pig should be ashamned of himself, so over weight, gets all that cash and does not produce!!!!! tradem him, yesterday!!!!!!



Since: Apr 21, 2009
Posted on: February 24, 2012 1:17 pm
 

Report: Big Ben restructures contract for PIT

ring dont equate to "class". 



sorry. try again. and i am not from baltimore and dont live in the north least. thank jesus.  


ALFIwantsout
Since: Sep 28, 2011
Posted on: February 24, 2012 1:13 pm
This comment has been removed.

Post Deleted by Administrator




Since: May 21, 2009
Posted on: February 24, 2012 1:09 pm
 

Report: Big Ben restructures contract for PIT

Why are the good players for the Steelers taking salary cuts, make Aaron Smith or Willie Colon who are injured every year and still have huge contracts!
Your comment makes no sense. HE DID NOT TAKE A PAY CUT. Did you read the story, or can you just not comprehend what it said. He gets the same money. It is just paid up-front as a bonus instead of over the course of a season. He's not being a saint taking the deal. He would be a complete fool for not taking it.



Since: Apr 21, 2009
Posted on: February 24, 2012 1:00 pm
 

Report: Big Ben restructures contract for PIT

grrrrr.... pitt city tough keyboard warriors unite! 


and there is nothing classy about domestic violence and multiple sexual assaults covered up by off duty officers.


steeler nation turned into fantasy land i take it.

 



Since: Feb 12, 2012
Posted on: February 24, 2012 12:38 pm
 

Report: Big Ben restructures contract for PIT

Why are the good players for the Steelers taking salary cuts, make Aaron Smith or Willie Colon who are injured every year and still have huge contracts!


comeonabbie
Since: Feb 24, 2012
Posted on: February 24, 2012 12:28 pm
This comment has been removed.

Post Deleted by Administrator




Since: Apr 25, 2008
Posted on: February 24, 2012 12:24 pm
 

Report: Big Ben restructures contract for PIT

I never said giants fans or for that matter any opther teams fans don't do it also.  i just said its a joke to bring that stuff up when as a whole your fan base is one of the biggest offenders of going into threads and telling every other fan base how awsome your team is and how bad they are and when you losing you fall back on the yankee arguement of we have more titles then you.  and the hard on you guys have for tom brady is a joke.  

and yeah go tell that crap about being cheated out of a superbowl to seatle fans next time you want to whine about being screwed over for the 10,000th time 


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