Report: Steelers To Release LaMarr Woodley On Tuesday

According to Adam Schefter, the Stelers plan to release LaMarr Woodley at 4:00 PM on Tuesday, the official beginning of the new league year. Woodley’s representation has confirmed that he has been told he will be released.

The team will designate Woodley a “June 1st” cut. This will allow the team to accelerate the remaining guaranteed balance to next year, as opposed to all of it accelerating immediately. Woodley carries a $13.59 salary cap number this year, and the team will be responsible for that number until June 2nd. This will not help clear any space to sign free agents immediately. After June 1st, his base salary will come off the books, freeing up $8 Mil in cap space for 2014.

The $8 Mil in cap space will help sign the rookie pool, summer insurance signings, and more.  After June 1st, the team will carry a dead money charge of $5.59 Mil this year from the release, and $8.58 Mil in 2015. The team also saves $25 and a half Mil they would have had to pay during the remainder of his contract.