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

Since: Dec 2, 2007
Posted on: February 24, 2012 8:27 am
 

Report: Big Ben restructures contract for PIT

I like Wallace, but I think his impact on stretching the field (and thus his value) is being overstated...

Teams recognized that all he really does somewhat effectively consistently is go deep, and when teams realized that they didn't need safety help at the line of scrimmage to stop the run since the Steeler O-line was atrocious, it was easy to keep a safety back playing center field.  Look at Wallace's numbers in the second half of the season and his numbers in the red-zone.

I like his speed and hope that they keep him, but not at the price of one of the top 5 receivers in the league (I think #10 or #12 type money would be legitimate).

If they lose him, use the first round pick to take more lineman or bundle the pick with some existing picks to move up in the draft and get one of the top-rated lineman (either o-line or d-line).




Since: Aug 25, 2006
Posted on: February 24, 2012 8:08 am
 

Report: Big Ben restructures contract for PIT

I love Wallace, but to flip a third round WR into a 1st round pick is not bad. Take the two first round picks with your other picks and try and move up somehow to get a top OL,DL or CB. Take the money you are saving by restructing others players and see about trying to sign a free agent OL,DL or CB.



Since: Aug 19, 2006
Posted on: February 24, 2012 5:38 am
 

Report: Big Ben restructures contract for PIT

I say let him walk and take the extra pick. He's a good player, but not a great one. Other holes need filled and they would be fine with the receivers they would have.


IPCCGOREFRAUD
Since: Feb 17, 2010
Posted on: February 24, 2012 5:23 am
This comment has been removed.

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DawgMeat
Since: Mar 8, 2007
Posted on: February 24, 2012 5:21 am
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Since: Aug 13, 2006
Posted on: February 24, 2012 4:24 am
 

Report: Big Ben restructures contract for PIT

Mike Wallace is a one trick pony who is good on a fly route.  He bails out constantly on crossing patterns if there is even a remote chance of getting hit and he will entirely bail on a big pass play if he "feels" a hit coming (see drop 40 yard pass vs Denver).  I was a big fan of this guy at one time but really soured on him midway through the season.  We can win without him.

Look at our track record with WRs who left who were either very good or pro bowl material here: Randel El, Yancy Thigpen, Andre Hastings, Nate Washington, Santonio Holmes, etc  Each of these players had their best seasons in Pitt and when they left, they were exposed.  Mike Wallace on another team is a 50 catch WR with an occassional big play. 

I would like to have him back at a solid cost but would not break the bank to keep him.  If he walks, then sign someone solid.  A Brown is a excellent WR, Sanders could fill the Wallace role, Cotchery could be back in his roll and Ward hopefully comes back healthy and has a solid 50 catch season for 650 yards.

 


BuchananKyle
Since: Feb 24, 2012
Posted on: February 24, 2012 3:26 am
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Since: Dec 3, 2007
Posted on: February 24, 2012 2:20 am
 

Report: Big Ben restructures contract for PIT

Teres Minor: This is really funny

I read the headline and thought, "wow, Big Ben is finally maturing. He's really taking one for the team." Then I realized that they are giving him most of his salary this year IN ADVANCE and simply renaming the terms. So, really, he isn't sacrificing anything, but is getting a huge advance, and stands to make more in interest for that extra half a year than most of the people here will make in their salaries.

Good ol' Ben: always subjugating his ego and sacrificing for the team.



Wow, you are suffering from a very simple mind.  Sorry about that.

The headline "Roethlisberger latest Steeler to restructure deal" is about as neutral a statement of fact that anyone can make.
Where do you find anything about Ben's ego being involved.  He was asked to restructure and he did.  That's pretty common.  You just figured out how this works after all these years and you find fault in Ben somehow.  Sounds like a bit of jealousy is all.




Since: Aug 14, 2011
Posted on: February 23, 2012 11:33 pm
 

Report: Big Ben restructures contract for PIT

TTTownSteel - Losing Wallace will just add to another hole on the team. Sanders can't stay healthy to replace and isn't nearly the deep threat Wallace is. Wallace is a deep threat that teams must account for which enables the underneath stuff to open up. This is why Brown had such a terrific second half of the season because teams were concentrating on Wallace. Nice to see Ben follow suit with the other players that restructered their contract. Wallace is the team's top offseason priority and it isn't even close. He's a young proven deep threat that the team can't afford to lose.



Since: Apr 23, 2007
Posted on: February 23, 2012 10:38 pm
 

Report: Big Ben restructures contract for PIT

LOL at CheapShotVinney.... nice comeback.


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