Cap Situation as of 3/9/13

Who knows at this point. I read somewhere before Harrison they were about 1 mil or so over still somehow...and his cut saved a little over 5 mil...so who knows....they're under anywhere from 4-7 mil id guess (from what i've read)

 

we should be 6,5 under before tendering anyone , i think before tuesday some cut/restructure could happen

 

-To tender our RFA's (Sanders, Dwyer, Redman, Mclendon. Sylvester, B. Batch, and Van Dyke) at estimated tenders it will cost roughtly 4.8mill
-We will need 4.7 mill for the rookie pool
-Woodley restucture should save 6.2 mill

We should have 4.2 mill in space after all of this. I still expect another cut or two and possibly another restructure depending on what we get done in Free agency. As i keep saying i think we will sign one of the top RB's in the draft (either Steven Jackson or Reggie Bush) and vet guard or ILB (not Foote). Hopefully we can resign Keenan and Plax. My guess would be to make all of these moves we would need to clear another 4-4.5 mill. A cut of Willie Colon which would save 1.2 mill.

 

My numbers came from Steelers Depot.

 

woodley restructure still didn't happen

 

Yes, the Woodley restructure has not happened yet. I was just stating the inevitable for what is going to happen with the cap.

I'm not high on Sylvester either, but we don't have much else at ILB so that being said we will probably have to. I also can see them not bringing back Redman if they sign a back in Free Agency.

 

only keeping one of redman or dwyer gives us another 1.3 mil.. i don't think both get offers. or either which gives us 2.6+ more.

vandyke maybe, but we could end up with king or cutting king saves us 715,000 now that gay is here. one of the two will most likely go.

we also have to find a longsnapper.

 

Very true, they may not tender them all. As for not tendering either redman or dwyer. I believe due to the Rule of 51 that we would save 900k, not the full 1.3 mill because another players salary would have to be added back in. I believe most of our salaries toward the bottom of our top 51 are around 400k.

Does anyone know when RFA need to be tendered by? Is it Tuesday?

 

and then we need another miliion to sign a draft picks . if we don't make any moves they wil cut colon after the draft

 

They WILL restructure Woodley which will save over 6 mill.

They WILL make a few moves in free agency. If they just resigned their own and let some walk from a sub par team, they will end up worse than last year. The strategy of doing that and buiding through the draft only works when you knock your drafts out of the park and get guys who are Steeler type of players. We haven't done a great job of this recently.

Even our good teams over the last decade had some of the biggest contributors that were products of free agency or trade (Bettis, Farrior, Clark) and we did a much better job in those drafts. Right now we really have 1 key contributor (Ryan Clark) that we got via free agency. We still have a good nucleus that if the players come in shape and we can avoid having a ton of injuries we can have a shot at a super bowl, but we really need to patch some holes to do so.

 

I'm surprised they didn't tender Sylvester. We don't really have much under contract at ILB.

 

silvester was a bust and now is official , a special teamer at best and always injuried .. we already brought a couple of lbs

 

I agree he hasn't lived up to expectations, but who else do we have at ILB besides Timmons and Spence (who won't be ready to play right away) ?

 

m.mcfadden , b.rolle , they could sign foote for a vet min with exemptions or another lb at same price in fa , they will draft one in middle rounds and a one between the ufa , find one better than sylvester should be easy

 

they can release colon after june and save 5 milion , if we draft a guard high colon is gone , maybe they will cut someone else after the draft , they can restructure woodley but they will do only if is necessary , they are worried about his conditioning

 

With Woodley i think they are sending a message by not restructuring right away that they aren't happy about his conditioning. Woodley will be fine.

 

Does anyone know exactly when the rookie pool money goes against our cap? Is it after the draft or after the rookie actually signs? By waiting to cut Colon until after June 1st it would save us 5.5 mill on our cap, so i was wondering if there was anyway we could used that to our benefit.

 

4,7 milion for the rokiees , count when they sign ,

 

Here is a good article on the current cap situation.

http://www.steelersdepot.com/2013/03/steelers-2013-salary-cap-james-harrison-update/

They are saying 5.5 mill if we cut Colon, regardless its a pretty significant savings if we cut him then. Could probably pay for all of our draft picks.