The Pittsburgh Steelers recognize their messy cap situation and they are working hard to save themselves money and create cap space. Yesterday, the team restructured the deal of inside linebacker Lawrence Timmons and today they have restructured the deal of star wide receiver Antonio Brown, who signed a five-year, $42 million deal this past July.
A source with knowledge of the transaction, Brown reduced his $4.5 million base salary to a minimum salary of $650,000.The remaining $3.85 million was converted to a signing bonus, which will be spread over the five remaining years of Brown’s contract.
It results in a cap savings of $3.08 million to the Steelers.
The two moves for Pittsburgh have freed up over $8 million of cap space and they will continue to be aggressive and free up even more space.
The next Steelers vet that is expected to have his deal restructured is quarterback Ben Roethlisberger, with another candidate being veteran linebacker James Harrison who could also be released as a cap causality if he refuses to restructure his deal.