Another Steeler Change's Contract
Posted by Mike Florio on February 10, 2012, 1:17 PM EST
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Before dumping contracts and/or forcing players to take pay cuts, the Steelers are willing to give out millions in signing bonuses in exchange for the ability to push cap dollars into future years.
A source with knowledge of the situation tells PFT that cornerback Ike Taylor, who signed a four-year deal with the Steelers before the 2011 season, has converted the maximum amount of his $5.75 million base salary for 2012 into a signing bonus. Since the minimum base salary for a player with Taylor’s experience is $825,00, the team was able to give him $4.925 million now.
Read more: http://profootballtalk.nbcsports.com/2012/02/10/steelers-restructure-ike-taylors-contract-too/
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