In addition to Lawrence Timmons and LaMarr Woodley, the Steelers have reworked RCB Ike Taylor’s contract to bring down his cap number.
Keep in mind that “reworking” deals does not constitute a pay cut or make these contracts easier to handle in the long run. Taylor, Timmons, and Woodley are becoming even bigger long-term cap burdens. Per PFT’s Mike Florio, Taylor’s scheduled $5.75 million 2012 salary dropped to $825,000, and he was immediately paid a $4.975 million signing bonus to make up the difference. That new “signing bonus” will be prorated into 2012, 2013, and 2014.