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Report: Ike Taylor Took A $4.25 Million Salary Reduction

Jason La Canfora reports that Ike Taylor has renegotiated his contract with the Steelers. La Canfora states that Ike’s new deal is for one year at $2.75 Mil. His previous base salary was $7Mil. Doing the math here, that’s a $4.25 Mil pay cut for Taylor. The Steelers are still on the hook for his signing bonus money of almost $5 Mil, that doesn’t just go away, but clearing $4.25 Mil in cap space is as good as the team could hope for.

If this is true, it takes Ike’s 2014 cap number from $11,942,404 down to $7,692,404. It’s hard to say if the Steelers reported interest in various CB’s helped negotiations or not. Either way, Ike certainly must have known that he was going to see a reduced value if he hit the crowded free agent market.

The Steelers now have some cap room to work with for signing free agents…namely their own.

About Steve Alan

Steve, known by most as TTF, is owner of TheSteelersFans and administrator of the best Steelers message board on the net. Big fan of strong coffee and hardcore Steelers fan from womb to tomb.