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
 
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 24, 2012 12:12 pm
This comment has been removed.

Post Deleted by Administrator




Since: May 21, 2009
Posted on: February 24, 2012 11:45 am
 

Report: Big Ben restructures contract for PIT

If Tom Brady cheated your team out of two Super Bowls with no penalty whatsoever, you would be bitter too.
If the NFL (ref's) cheated your team out of a superbowl and handed it to the Stealers (SB XL, AKA: "The Bettis Bowl") with no penalty whatsoever, you would be bitter too.



Since: Mar 3, 2009
Posted on: February 24, 2012 11:40 am
 

Report: Big Ben restructures contract for PIT

the best thing the steelers should do is trade rapistberger and a first round pick and take rg3. get this fat, over weight, cry baby rapist out of the burgh!!!!



Since: Feb 24, 2012
Posted on: February 24, 2012 11:24 am
 

Report: Big Ben restructures contract for PIT

with a name like sister anything , why would i even elect to have a convo.....bb and wallace and steelers all show 1 thing in common....class...no matter what the outcome...steelers will be fine



Since: Dec 1, 2008
Posted on: February 24, 2012 11:00 am
 

Report: Big Ben restructures contract for PIT

SisterRay, unless you are man enough to put who your teams are on this site, you have no credibility with anyone. 



Since: Dec 1, 2008
Posted on: February 24, 2012 10:59 am
 

Report: Big Ben restructures contract for PIT

Acerothstein,  Are you kidding me?  I live in NJ and listen to the NY ESPN Radio at work every day and NY fans are the dumbest fans there are.  You guys want Coghlin fired every time the Giants lose.  Your fans have already annointed Jeremy Lin as a superstar after 12 games!  NY fans put down Mark Sanchez every time they can even though he has gotten the Jets to the AFC Championship game in 2 of his 3 years in the league.  
;  Please, before you come on here and make up things about Pittsburgh fans, you need to look at your own fan base.  Our fan base is very dedicated and to say that we have the most Super Bowls is a fact, not lies. 

If Tom Brady cheated your team out of two Super Bowls with no penalty whatsoever, you would be bitter too. 



Since: Oct 11, 2006
Posted on: February 24, 2012 10:40 am
 

Report: Big Ben restructures contract for PIT

Agreed Bravesteeler! WTH is the good of a salary cap if there are ways around it? Converting 80% of a years salary into a bonus makes the CAP number easier to obtain. But if it is so easy to get around, why do we have it?



Since: Dec 17, 2008
Posted on: February 24, 2012 10:34 am
 

Report: Big Ben restructures contract for PIT

Steeler fan here, but obviously the salary cap rules in the NFL are a joke.  The Steelers were what, $30M over the cap and are now at the number without cutting a player.  If you can just convert salary into a signing bonus, what's the point of having a cap?  Just another example of Goodell's phony management of the NFL.



Since: Apr 21, 2009
Posted on: February 24, 2012 10:25 am
 

Report: Big Ben restructures contract for PIT

just shows that ben is a role player and that he is not capable of living without wallace.

OR maybe wallace caught "big" ben plowing some teenie in an exxon toliet hole and he has dirt on pig ben.


it is possible. 



Since: Nov 2, 2006
Posted on: February 24, 2012 10:17 am
 

Report: Big Ben restructures contract for PIT

Mike Wallace is not a top five receiver. I do like him but don't think we need to overpay. He is replacable just like those ex-Steelers that have left before. The Steelers do a great job of replacing players once they think they are "worth more". From Chad Brown to Levon Kirkland and Barry Foster and even Plaxico Burress and Santonio Holmes. Those were guys we hated to see leave at the time but its funny their careers went down hill after they left Pittsburgh. And we continued Winning. So I was concerned over the "I gotta do whats best for me" comment and if we get a #1 for someone else signing him I think there are 3 1st round receivers that will be a good replacement.


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