[Steelers News] Steelers Restructure LB Lawrence Timmons' Contract; Clear $5.14M In Cap Space

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Steelers Restructure LB Lawrence Timmons' Contract; Clear $5.14M In Cap Space

Filed Under: afc, afcnorth, nfl, steelers, topstory, transaction

Posted By: Sweets 02-09-2012 , 04:10 PM	#1

The Pittsburgh Steelers have restructured the contract of linebacker Lawrence Timmons, freeing up $5.14 million in space on their 2012 salary cap. Signed to a five-year, $47.8 million contract extension in August, Timmons was scheduled to earn $2.625 million in base salary and a $4.5 million roster bonus, which was due on the fifth day of the 2012 league year, for a 2012 cap number of $9.125 million. According to a league source, earlier this week, Timmons signed a restructured contract that reduced his 2012 base salary to $700,000, with the Steelers combining the $1.925 million in base salary and $4.5 million roster bonus into a $6.425 million signing bonus that will be prorated from 2012 through the 2016 season at $1.285 million annually. The restructure reduces Timmons' 2012 cap number to $3.985 million, a a cap savings of $5.14 million.

Source: Mac's Football Blog

Steelers Restructure LB Lawrence Timmons' Contract; Clear .14M In Cap Space-1_timmons-.jpg

02-09-2012, 06:36 PM

86WARD

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I said this one was coming...lol.

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02-09-2012, 08:05 PM

TheSnowman TheSnowman is offline

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How do you restructure something so soon and reduce the number that much, won't that turn their cap to shit at some point? And if they cut him down the road, what's the benefit to him of doing it?

02-09-2012, 09:09 PM

86WARD

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As long as they don't cut him, they should be fine.

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Tags: afc, afcnorth, nfl, steelers, topstory, transaction

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