Taylor’s Contract Gets Redone to Help Steelers with the Cap

The Steelers have restructured the contract of yet another defensive player, this time it’s cornerback Ike Taylor.

According to Mike Florio at Pro Football Talk, Taylor lowered his $5.75 million in 2012 base salary to the league minimum $825,000, with the remaining $4.925 million converted into a signing bonus. The restructure lowers Taylor’s salary cap number from $http://www.blogger.com/img/blank.gif7.5625 million to $4.279 million, a savings of $3.283 million in 2012.

Combined with the restructuring of Lawrence Timmons and LaMarr Woodley’s contracts from this week, both of which were first reported and detailed on Mac’s Football Blog, and the release of Arnaz Battle and Bryant McFadden, the Steelers have cleared over $18 million off their 2012 salary cap.