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Author Topic: McFadden and Battle cut  (Read 543 times)
jonzr
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« on: Feb 08, 2012 at 15:49 »

Along with some others:

Official Tweet
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« Reply #1 on: Feb 08, 2012 at 18:52 »

Just the start of cuts and restructures.

Going to be a different team from the '05 SB squad.
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« Reply #2 on: Feb 09, 2012 at 09:47 »

Gonna be an interesting offseason, to say the least.

Article in today's USA Today about the 600+ players that are scheduled to become FAs in March.  With the cap not going up very much from the '11 number, it's a bad year to be a player looking for a job. 

It's too bad Pittsburgh isn't in a better cap situation, but even if they were, I don't think they'd make much of a splash anyway.
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« Reply #3 on: Feb 09, 2012 at 11:02 »

Quote
Feb. 08, 2012 5:20 p.m. - by Chuck Finder - Reports: Woodley restructure, cuts give $10 million relief
In addition to cutting CB Bryant McFadden ($2.5 million due in 2012) and WR Arnaz Battle ($1.04 million), various media outlets reported the Steelers also restructured $10 million man OLB LaMarr Woodley -- paring another $6.5 million from the 2012 salary cap. That represents some $10 million of the club's $25 million cap overage.

That helps.
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aj_law
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« Reply #4 on: Feb 09, 2012 at 11:15 »

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Feb. 08, 2012 5:20 p.m. - by Chuck Finder - Reports: Woodley restructure, cuts give $10 million relief
In addition to cutting CB Bryant McFadden ($2.5 million due in 2012) and WR Arnaz Battle ($1.04 million), various media outlets reported the Steelers also restructured $10 million man OLB LaMarr Woodley -- paring another $6.5 million from the 2012 salary cap. That represents some $10 million of the club's $25 million cap overage.

That helps.

Read an article that said Timmons restructured too.  Financials aren't available yet.

Dude was supposed to count for over 9 million against the '12 cap.  Even if you figure that number is only cut by conservative 3 or 4 million, that leaves them around 11 or 12 million over.

Nice.

Whatever they decide with Hines should bring another 2 or 3 million in savings.
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« Reply #5 on: Feb 09, 2012 at 13:11 »

Timmons had a $4.5M roster bonus coming, which was converted with almost $2M of his base salary into a prorated signing bonus over years 2013-16, saving a little over $5M against the cap.  Timmons will count about $10M against the cap each of the next 4 years, however.
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« Reply #6 on: Feb 09, 2012 at 13:44 »

Entering this week, the Steelers were projected to be a little more than $20 million over the 2012 NFL salary cap.
Wednesday, they started taking some steps to alleviate that issue.

The Steelers restructured the contract of linebacker LaMarr Woodley and released four players, including former starting cornerback Bryant McFadden, clearing nearly $10 million in cap space.

Also among those released was wide receiver Arnaz Battle, the Steelers' special teams captain.
Woodley signed a 6-year, $61.5 million contract extension with the Steelers last August. He was to have a base salary of $3.4 million in 2012.
But the Steelers reworked his deal by turning $2.7 million in salary, along with a $5.5 million roster bonus, into a signing bonus, lowering his 2012 cap total from $11.5 million to $4.94 million.

The release of McFadden, who lost his starting job to William Gay last season, and Battle saves another $3.54 million. That leaves the Steelers with another $10 million to trim before getting under the salary cap, which is estimated to be $124 million.

A second-round draft pick of the Steelers in 2005, McFadden left as a free agent following the 2008 season. He spent one year with Arizona before the Steelers made a draft-day trade in 2010 to bring him back. He was one of only 15 remaining players who were on each of Pittsburgh's last three Super Bowl teams.

McFadden suffered a hamstring injury early last season. After returning, he played mostly on special teams.

The Steelers are happy with the progress of rookie defensive backs Curtis Brown and Cortez Allen, making McFadden expendable.

NFL teams have until the second week of March to be under the salary cap.

The Steelers will have some decisions to make by that time regarding some aging veterans, most notably, wide receiver Hines Ward, who turns 36 in March. Ward is due a roster bonus in March but has indicated he is willing to come back next season at a lower salary.

The Steelers also might try to save cap space by reworking the contracts of linebacker Lawence Timmons, who will count as $9.125 million in 2012, and nose tackle Casey Hampton, whose cap hit comes in at just over $8 million.

Odds and end zones

In addition to releasing McFadden and Battle, the Steelers waived tight end Miguel Chavis and linebacker Erik Clanton, who had been signed to offseason contracts. ... The Steelers also signed three players, including former Florida State safety Myron Rolle, who spent the 2011 season on Tennessee's practice squad. Also signed were wide receiver Juamorris Stewart and linebacker Brandon Hicks


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« Reply #7 on: Feb 09, 2012 at 14:26 »

So, with the Timmons restructure, they're <$5M over the cap, should be easy to fix.
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aj_law
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« Reply #8 on: Feb 09, 2012 at 15:19 »

Timmons will count about $10M against the cap each of the next 4 years, however.


Ouch.

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« Reply #9 on: Feb 09, 2012 at 15:27 »

Steelers get to work on restructuring contracts to save cap space

Posted by Michael David Smith on February 9, 2012, 4:08 PM EST
 
APWith the Steelers entering the offseason some $25 million over the 2012 salary cap, they have a lot of moves to make before the league year begins on March 13. Some of those moves will be releasing players, as they did on Wednesday with Bryant McFadden and Arnaz Battle. And some of those moves will be restructuring existing players’ contracts.

Ed Bouchette of the Pittsburgh Post-Gazette reports that Steelers linebackers LaMarr Woodley and Lawrence Timmons became the first two players to restructure contracts, when each of them agreed to re-do the deals they signed just six months ago.

Not all of the specifics of the restructured contracts are available, but Bouchette reports that Woodley shaved about $6.6 million off his cap number without reducing his total pay by converting a roster bonus and most of his base salary to a signing bonus that will be prorated over the remaining years of the deal.

Steelers safety Troy Polamalu and quarterback Ben Roethlisberger are also candidates to restructure their contracts to get the Steelers under the cap.
Figured Ben would have to restructure his deal...

   
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