Steelers approx. 11 million over cap?

[aj_law]

Read it on a few sites.

I knew they were over, didn't think it was THAT far over.

Hopefully, that number doesn't account for all the recent restructuring that's occurred.  If it does, they've got a long way to go.  Inking Woodman to a long term deal would put a big dent in that number.

[Finnegans Wake]

The restructuring paperwork can't get filed until tomorrow, and when it is we'll be cap compliant.  Not sure how much wiggle we'll have, but figure the FO is looking at keeping guys like Woodley here, and not worrying about signing anyone else.

Nothing to see here, folks, just biz as usual.

[aj_law]

If all of the restructures get them under the cap number, the Woodley extension should give them some nice wiggle room.  Gotta think his cap number would get cut in half, at least...depending on how they structure it, of course.

[Finnegans Wake]

From another site:

Taylor's full contract looks like it breaks down like this:

2011: $7,250,000 signing bonus, $750,000 roster bonus, $1,250,000 base salary, $3,812,500 cap hit
2012: $5,750,000 base salary, $7,562,500 cap hit
2013: $6,000,000 base salary, $7,812,500 cap hit
2014: $7,000,000 base salary, $8,812,500 cap hit

Colon's looks like this:

2011: $6,000,000 signing bonus, $1,500,000 base salary, $2,700,000 cap hit
2012: $4,500,000 base salary, $5,700,000 cap hit
2013: $5,500,000 base salary, $6,700,000 cap hit
2014: $5,500,000 base salary, $6,700,000 cap hit
2015: $6,000,000 base salary, $7,200,000 cap hit

Looks like they're not back-loading it, which says they expect both to play out their deals rather than these being fancied-up 2-year deals, e.g.