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Steelers Restructure Antonio Brown's Contract

Discussion in 'Steelers Talk' started by TerribleTowelFlying, Feb 27, 2013.

  1. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    As expected, Antonio Brown's contract has been restructured to make more cap space. The restructure reduces his $2 Mil base salary to the minimum $650,000. The salary and roster bonus he was due will be rolled into a signing bonus, which will be evenly spread over the remaining five years of his contract. The move creates an additional $3.08 in cap space for 2013. More restructures will be coming in the very near future as we make moves to get below the cap by March 12th.

    [tweet]306857300600176640[/tweet]

    [tweet]306858836361347073[/tweet]
     
    TerribleTowelFlying, Feb 27, 2013
    TerribleTowelFlying, Feb 27, 2013
    #1
  2. Dick Shiner

    Dick Shiner Well-Known Member

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    I go to Aditi Kinkhawbwala for all of my Steelers news. :smiley1:
     
    Dick Shiner, Feb 27, 2013
    Dick Shiner, Feb 27, 2013
    #2
  3. TerribleTowelFlying

    TerribleTowelFlying Staff Member Site Admin Mod Team

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    Lol. I just grabbed the first couple tweets I saw, but I'm glad she's your trusted source for breaking Steelers news. :lolol:
     
    TerribleTowelFlying, Feb 27, 2013
    TerribleTowelFlying, Feb 27, 2013
    #3
  4. Ray D

    Ray D Staff Member Mod Team

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    I have no idea who she is, but I'm following now. :lol:
     
    Ray D, Feb 27, 2013
    Ray D, Feb 27, 2013
    #4
  5. biggbunch68

    biggbunch68

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    Wow already asked him to restructure, after one year.?? Espn is posting Woodly is nxt in restructuring
     
    biggbunch68, Feb 27, 2013
    biggbunch68, Feb 27, 2013
    #5
  6. BobbyBiz

    BobbyBiz Well-Known Member

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    Why?
    Lucky him. He gets all of that money right now. Up front instead of spread out through the season. Its party time at the Brown house!
     
    BobbyBiz, Feb 27, 2013
    BobbyBiz, Feb 27, 2013
    #6
  7. JackAttack 5958

    JackAttack 5958 Well-Known Member

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    What about Ben?
     
    JackAttack 5958, Feb 27, 2013
    JackAttack 5958, Feb 27, 2013
    #7
  8. Blast Furnace

    Blast Furnace Staff Member Mod Team

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    I'm sure his is coming. They are going to do all the restructures first and then make the cuts and when all the dust settles we'll be under the cap and ready to draft :towel:
     
    Blast Furnace, Feb 27, 2013
    Blast Furnace, Feb 27, 2013
    #8
  9. BurgherBoy7

    BurgherBoy7 Well-Known Member

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    Reports are that they have been working on Ben's restructure the last few days and should be done by the end of the week.
     
    BurgherBoy7, Feb 27, 2013
    BurgherBoy7, Feb 27, 2013
    #9
  10. TheSteelHurtin2188

    TheSteelHurtin2188 Well-Known Member

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    I would wait as long as possible for Ben to sign so it doesn't change the franchise tag.
     
    TheSteelHurtin2188, Feb 27, 2013
    TheSteelHurtin2188, Feb 27, 2013
    #10
  11. freakfontana

    freakfontana

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    tag should applied by 4 of march we have one more week to be under the cap , they should already have deal in place and wait 5 of march , but seems the rats can use the non exclusive tag , in that case they will acquire two first round picks and save the money , sincerely if i'm the rats i will let flacco go and draft geno smith trading up
     
    freakfontana, Feb 27, 2013
    freakfontana, Feb 27, 2013
    #11
  12. AFan

    AFan Well-Known Member

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    Question on restructures:

    Since the player gets his money upfront as a signing bonus, and not spread over the season, I assume the have to pay the cash now. But restructuring Ben, Timmons, Brown and possibly Woodley, Harrison means they have to hand out a lot of cash NOW.

    The NFL is agreat, profitable business and all, but I hardly think that the Steelers have $50 million in cash lying around. So they'll have to borrow it or sell some others asset. I wonder how much restructure you do,before you get in a liquidity bind, and if this drives some of their thinking regarding restructures?
     
    AFan, Feb 27, 2013
    AFan, Feb 27, 2013
    #12
  13. steel1031

    steel1031 Well-Known Member

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    wouldnt surprise me a bit if they had it lying around. we are one of the most marketed franchises in sports. I mean i live in tenn and the local malls cant keep steeler merchandise.
     
    steel1031, Feb 27, 2013
    steel1031, Feb 27, 2013
    #13
  14. Steel_Elvis

    Steel_Elvis Staff Member Mod Team

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    Oh yea, they should definitely do that! We should start a petition and see if they listen.
     
    Steel_Elvis, Feb 27, 2013
    Steel_Elvis, Feb 27, 2013
    #14
  15. Steel_Elvis

    Steel_Elvis Staff Member Mod Team

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    I'm going to have to tweak my salary cap model, because I had not factored in the roster bonus. It only appeared in 1 of the 3 sources that I used for data (Rotoworld), so I left it out. It looks like we will have less cap space than I thought :(
     
    Steel_Elvis, Feb 27, 2013
    Steel_Elvis, Feb 27, 2013
    #15
  16. shadowmaker

    shadowmaker Well-Known Member

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    $50 mil to them is probably like $5k to us. If you figure $55 a ticket x 65,000 tickets x 10 games comes out to over $37 mil. Dont the Rooney family own some of the Penguins and a horse track as well?
     
    shadowmaker, Feb 27, 2013
    shadowmaker, Feb 27, 2013
    #16
  17. DSteelerCT

    DSteelerCT Well-Known Member

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    Ticket sales are insignificant compared to the tv and merchandise revenue teams make. Heck the new tv contract is about to nearly double to $39 BILLION over the next 8 years.
     
    DSteelerCT, Feb 27, 2013
    DSteelerCT, Feb 27, 2013
    #17

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