The Steelers have reached an agreement with safety Troy Polamalu on an extension that will allow him to retire a Steeler. The 4 year contract means Polamalu will be under contract through the 2014 season. Polamalu was set to play out his final year of his second contract this upcoming season and many thought he might be headed for the franchise tag next offseason. No terms of the new deal are known as of yet, but should surface shortly. More as I get it.
The Steelers have had a busy offseason since the lockout ended as they signed Ike Taylor, Willie Colon, LaMarr Woodley and Lawrence Timmons. The Steelers have a long running policy of not negotiating contracts with players once the season begins, so Saturday looked to be the last day that the two sides could get this new deal done.
The early word is that the new deal totals out at $36.5 million, but that number is not official as of yet.
ETA: My numbers and source was correct on the $36.5 total number and it appears $10.5 million of it is signing bonus. If it is structured with a 2011 base of $1 million along with a $1 million roster bonus, this would likely make his 2011 cap hit around $6.825 or so.
The Steelers and Polamalu announced the signing and posted a picture of Polamalu signing his contract at the airport, just before the team left for tomorrow’s game in Baltimore.