The Steelers have signed two more of their rookies to contracts today. Offensive lineman Wesley Johnson, who the team selected with their 5th round compensatory pick, and linebacker Jordan Zumwalt, who was picked in the 6th round.
Here are my estimates for their contract values from a couple weeks ago: http://thesteelersfans.com/2599/breaking-rookie-salaries-cap-implications/
As you can see, neither player’s 2014 cap hit will crack the top 51 right now. Johnson’s 2014 cap number will almost certainly be $456,140, and Zumwalt’s will be very close to $446,213. Johnson’s guaranteed signing bonus will be for $144,560, and Zumwalt’s will be very close to $104,852. Those signing bonuses are prorated over the life of their contracts. All rookie players are signed to four year deals.
The team can “afford” to sign more of their picks right now from a cap standpoint, but they may wait to do so until after June 1st. After Woodley’s $8 Mil drops off the books, expect the team to sign any remaining draft picks in short order.