| | Steelers restructure Colon's contract |  |
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Wallace108
Posts : 18260
Join date : 2011-04-03
Location : Y'Town, Ohio
| | Subject: Steelers restructure Colon's contract Tue Feb 21, 2012 12:34 pm | |
| By Ed Bouchette, Pittsburgh Post-Gazette
If there was any doubt that the Steelers intended Willie Colon to rejoin them as their starting right tackle, the Steelers made their intentions clear today when they restructured his contract.
The Steelers took $3.8 million of Colon's $4.5 million salary for 2012 and turned it into a bonus, not only guaranteeing that part of his contract but creating more salary-cap room.
Colon has four years left on the five-year contract he signed last year, so that $3.8 million will be pro-rated for cap purposes over the life of the contract -- $950,000 for salary-cap purposes annually. So the team just created another $2.85 million in salary cap space with one swoop of the pen, and Colon not only takes no hit, he has the money guaranteed.
Read more: http://www.post-gazette.com/pg/12052/1211658-66.stm?cmpid=steelers.xml#ixzz1n2TLYVNU
_________________  If you're going to be a smart ass, you'd better be smart. Otherwise, you're just an ass. | |
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fer69
Posts : 2190
Join date : 2011-09-17
Location : home dah!!!
| | Subject: Re: Steelers restructure Colon's contract Tue Feb 21, 2012 2:56 pm | |
| is the risk vs the reward worth it, I wonder? _________________ F@(k Wallace.. Throw it to Miller
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Buddha Bus
Posts : 13488
Join date : 2011-04-04
Location : The last bar stool on the left
| | Subject: Re: Steelers restructure Colon's contract Tue Feb 21, 2012 3:47 pm | |
| I still don't see this saving Wallace from leaving, though it is good news. _________________  -"I stand corrected... But I absolutely and wholeheartedly fart in the general direction of almost every other thing you have posted to this point."- | |
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solardave
Posts : 6226
Join date : 2011-09-30
Location : State of Confusion
| | Subject: Re: Steelers restructure Colon's contract Tue Feb 21, 2012 4:52 pm | |
| I hope he stays healthy but I think this is a gamble. | |
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Buddha Bus
Posts : 13488
Join date : 2011-04-04
Location : The last bar stool on the left
| | Subject: Re: Steelers restructure Colon's contract Tue Feb 21, 2012 5:16 pm | |
| - solardave wrote:
- I hope he stays healthy but I think this is a gamble.
There's nothing better for a team's regularity than a healthy Colon.  _________________ -"I stand corrected... But I absolutely and wholeheartedly fart in the general direction of almost every other thing you have posted to this point."- | |
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effyou515
Posts : 5116
Join date : 2011-09-28
Location : from upper Ohio Valley to Conyers Ga.
| | Subject: Re: Steelers restructure Colon's contract Wed Feb 22, 2012 7:24 am | |
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Bays
Posts : 4842
Join date : 2011-10-27
Location : Mansfield, Ohio
| | Subject: Re: Steelers restructure Colon's contract Wed Feb 22, 2012 7:41 am | |
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_________________
"Either you're playing dumb, or it's not an act". -Judge Judy
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solardave
Posts : 6226
Join date : 2011-09-30
Location : State of Confusion
| | Subject: Re: Steelers restructure Colon's contract Wed Feb 22, 2012 3:56 pm | |
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| | Steelers restructure Colon's contract | |
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