The Pittsburgh Tribune-Review reported today that cornerback Ike Taylor agreed to restructure his contract on Friday in order for the Pittsburgh Steelers to make more space under the salary cap to sign top draft pick.
In 2006, Taylor signed an extension with the Steelers for 5-years at $23.75 million. Taylor's contract restructure reduces this year's salary to $1 million and gives him a $3 million signing bonus ($1 million over the next 3 years). This enables the Steelers to free up $2 million under the salary cap.
In 2006, Taylor signed an extension with the Steelers for 5-years at $23.75 million. Taylor's contract restructure reduces this year's salary to $1 million and gives him a $3 million signing bonus ($1 million over the next 3 years). This enables the Steelers to free up $2 million under the salary cap.
Taylor joins other Steelers who have restructured their contract - Hines Ward, James Farrior, and former Steeler Alan Faneca.
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