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Adam Podlesh Contract Appears To Have Been Without A Signing Bonus

The Steelers signed veteran punter Adam Podlesh last week. When they announced the signing, I mentioned that it would qualify for the veteran minimum benefit. I also opined that it may not have included a signing bonus, which appears to indeed be the case.

While the contract details have not been released yet, the NFLPA salary report shows a difference of $75,000- the lowest amount his contract could count towards the cap without a signing bonus. Due to the vet minimum benefit, his $855,000 salary only counts $570,000 towards the cap. After displacing a low $495,000 contract from the top 51, his signing only moves the cap needle by $75,000. Based on that data, the Steelers now have roughly $300,000 in salary cap space.

Podlesh signed a 5 year, $10 Mil deal with the Bears in 2011, but was released last month. The move saved the Bears $1.025 Mil. Since the signing appears to have not included a signing bonus, the Steelers can release him at any time without incurring any dead money. Thanks for stopping by, and as always, thanks for sharing on the web.

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.