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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Since: Jan 17, 2012
Posted on: February 23, 2012 10:14 pm

Report: Big Ben restructures contract for PIT

Yeah, just midniteriders mama...........;)

Since: Jan 28, 2012
Posted on: February 23, 2012 9:54 pm

Report: Big Ben restructures contract for PIT


Since: Oct 19, 2007
Posted on: February 23, 2012 9:51 pm

Report: Big Ben restructures contract for PIT

I love Mike Wallace, but the Steelers have more pressing needs than WR.  I'd gladly take another 1st round pick and save future cap space.

Since: Apr 23, 2007
Posted on: February 23, 2012 9:33 pm

Report: Big Ben restructures contract for PIT

Does this contract put Ben on a rape limit? Maybe just one this contract?

Since: Nov 10, 2006
Posted on: February 23, 2012 8:50 pm

Report: Big Ben restructures contract for PIT

It does sound like Roesthlisberger is maturing.  Tom Brady has restructure his contract twice to open cap space.  Many people specualte the Pats could tender Wallace an offer, but as good as he is, it makes more sense to sign a FA, like VIncent Jackson, give him the money Wallace would get and not lose the second pick?   Not saying it will happen, but it is how I would approach it if I were the Pats.

Since: Jun 5, 2011
Posted on: February 23, 2012 8:37 pm

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.


Since: Dec 7, 2006
Posted on: February 23, 2012 8:00 pm

Report: Big Ben restructures contract for PIT

"Every time I call it a game you call it a business, every time I call it a business you call it a game"

Since: Aug 23, 2007
Posted on: February 23, 2012 7:46 pm

Report: Big Ben restructures contract for PIT

I beg to disagree. Steelers do not have a problem at runningback because Johnathan Dwyer will be the starter after the smoke clears in Pittsburgh. Not a problem. You'll also end up seeing that Dwyer is better then Mendy anyway. And always has been. The problem is that Dwyer didn't come to camp in shape his initial season and fell into the dog house and got behind. But last year he got it together and the first time he touched the ball, he took it more then 60 yards. That's how good he is.

Steelers will find plenty of money to get under the cap to keep Wallace. But if they were smart they'd tender him a first round pick and let the Patriots get him. Steelers need the additional first round pick to upgrade their lines more then they need Wallace. The Steelers have two speed wide receivers in Brown and Sanders and they could add a big bodied wide receiver from the draft in the third or forth round.

But here's a better idea, ....considering the Steelers already have two speed guys at wide reciever, instead of giving Wallace that money, why wouldn't they just add Dwayne Bowe? He'd be the perfect compliment to the two wide receivers they all ready have and he'd give them the red zone target they've been looking for.

Since: Oct 29, 2010
Posted on: February 23, 2012 7:38 pm

Report: Big Ben restructures contract for PIT

Steelers have lots more to worry about than just Mike Wallace. The running back situation is tenuous wwith Mendy being the old Mendy not a sure thing. The defense is tough but aging and the offensive line has a few holes to fill. The line and running back situation is the most important because both need to be effective to keep Ben out of harms way. Wallace is a speedster but they have solid receiver in Brown and speed with Sanders so his leaving won't be critical.

Since: Sep 10, 2007
Posted on: February 23, 2012 7:06 pm

Report: Big Ben restructures contract for PIT

Kind of getting sick of all the players talking about "this is a business".  It is your job and you should be able to play wherever you want for whatevber salary you want.  Let's be honest.  This is the Players' Union atmosphere.  Players HAVE to take the better offer no matter what even if it means going to a team they don't want to go to.  It keeps the players' union in a position of power.  Let us also not forget that we are talking about differences of maybe 6 million instead of 10 million.  I'd love to have that kind of "business" problem.  These players should be embarassed that they even seriously try to justify this.

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