By Simon A Chester
The Pittsburgh Steelers began the day almost $8.5 million over the cap, according to the NFLPA public salary cap report. By lunchtime on Wednesday, they were back in the black.
By restructuring the contract of Antonio Brown, the Steelers have created enough salary cap space to accommodate the franchise tag they just used on running back Le’Veon Bell.
This move will convert Brown’s base salary and roster bonus he was due to earn this season into a signing bonus, spreading that amount out over the length of the remaining years of his deal. It was a decision most expected to happen this offseason.
Given the cap saving Albert Breer of the MMQB is reporting, the Steelers appear to have done the maximum restructure available to them. One that will have created $9.72 million in cap space.
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For Brown, this move is a cash windfall and effectively guarantees the bulk of his contract for the year. A point his agent Drew Rosenhaus was keen to point out when the two meet to sign the paperwork and celebrate the...