The Pittsburgh Steelers are clearing more salary cap space for the 2021 league year as the team has now completed a contract restructure on fullback Derek Watt, according to a Monday morning report by Ian Rapoport of NFL Media. The restructure freed up $880,000 in salary cap space for 2021.
As part of the restructure on Watt, the $1 million roster bonus he was due along with all but $990,000 of the $1.75 base salary he was due was turned into a signing bonus and prorated out two years. This caused Watt’s 2021 cap charge to drop by $880,000, the maximum possible for him based on his current contract.
The restructure on Watt increases his 2022 cap charge by $880,000.