The Pittsburgh Steelers are close to finalizing a restructuring of Ben Roethlisberger’s contract and expectations are that negotiations will be completed by the end of the week, a source told ESPN’s Ed Werder.
While few details were immediately available, a source described the restructuring as being quite basic and similar to what the parties have done in previous offseasons to lower his salary-cap figure to alleviate pressure on the Steelers. Roethlisberger is among 10 Steelers players that are scheduled to count $100 million against the team’s cap.
According to the Pittsburgh Post-Gazette, linebacker Lawrence Timmons also agreed to have his contract restructured as the Steelers need to get under the cap by March 12.
This is the third straight year that Roethlisberger has restructured his contract. The new contract doesn’t affect the money or length of the deal but gives the Steelers some much-needed cap relief.
The Steelers could save around $9 million in cap space by restructuring both deals, according to the Post-Gazette. Pittsburgh was an estimated $14 million over the cap before reworking the contracts.
Roethlisberger was scheduled to make $11.6 million in 2013 but the new deal will save the Steelers several million next season.
The Roethlisberger deal could also impact the Baltimore Ravens and Super Bowl MVP Joe Flacco. Just as Tom Brady’s contract extension took him out of the top five-salaried quarterbacks and lowered the exclusive-rights franchise quarterback number that could be attached to Flacco if a deal is not reached before the March 4 deadline, Roethlisberger’s new contract will drop him out of the top five and further lower that figure.
Brady lowered it by nearly $800,000.