The Steelers signed CB Cortez Allen to a contract extension last Saturday. The new deal was for five years, and totaled $26.031 Mil. He was set to make $1.431 Mil this year, so after factoring that in, you can see that the deal includes $24.6 Mil in new money over the extended 4 years.

Here is the breakdown of his contract by year. $6.75 Mil is guaranteed.

[table]

Year, Base Salary, Prorated Bonus, Roster Bonus, Cap Hit, Dead Money

2014, “$650,000″,”$1,447,875″,”$0″,”$2,097,875”, “$6,847,875”

2015, “$2,631,000″,”$1,350,000″,”$3,000,000″,”$6,981,000”, “$5,400,000”

2016, “$4,400,000″,”$1,350,000″,”$0″,”$5,750,000”, “$4,050,000”

2017, “$4,300,000″,”$1,350,000″,”$0″,”$5,650,000”, “$2,700,000”

2018, “$4,300,000″,”$1,350,000″,”$0″,”$5,650,000”, “$1,350,000”

[/table]

As you can see, Allen’s contract includes a $3 Mil roster bonus in 2015, which will be due on the 5th day of the league year if he is on the roster. Currently, Allen is the 17th highest paid corner back in the league behind Alterraun Verner.

On the eve of the home opener, the Steelers have signed Cortez Allen to a contract extension. The 25 year old cornerback is now under contract through 2018. According to Jason LaCanfora, the deal is worth $26 Mil.

https://twitter.com/JasonLaCanfora/status/508407797806297088

It’s no secret that the Steelers don’t negotiate new contracts during the season, and while they’ve maintained that, they certainly pushed it to the wire tonight. I’ll have a breakdown of his new deal and the cap implications posted soon. His cap number this year (the last year of his rookie deal) was just over $1.5 Mil before the extension.