The Pittsburgh Steelers continue to look for new ways to create cap space, restructuring linebacker Lawrence Timmons’ contract today.
According to ESPN’s Field Yates, the team converted $6.63 million of his base salary into a signing bonus, creating $3.32 million in cap space. His new base salary is $870K, the league minimum.
Source: Steelers restructured LB Lawrence Timmons' contract. Turned $6.63M into a SB. New base salary in $870K. Creates $3.32M in cap space.
— Field Yates (@FieldYates) September 7, 2015
Timmons’ restructure comes on the heels of the team doing the same with Heath Miller, Antonio Brown, and Shaun Suisham.
Every team feels the cap crunch this year, especially a team like the Steelers that has a lot of money tied up with so many injured players. The rule of 51 expires Thursday, meaning all 53 players on the roster, practice squad, and injured reserve players count against the cap, creating a need to get under the cap.