Steelers rework Ike Taylor's contract
Ike Taylor - DB - Pittsburgh Steelers
Feb. 10, 2012 - 1:50 PM ET
In addition to Lawrence Timmons and LaMarr Woodley, the Steelers have reworked RCB Ike Taylor's contract to bring down his cap number.
Keep in mind that "reworking" deals does not constitute a pay cut or make these contracts easier to handle in the long run. Taylor, Timmons, and Woodley are becoming even bigger long-term cap burdens. Per PFT's Mike Florio, Taylor's scheduled $5.75 million 2012 salary dropped to $825,000, and he was immediately paid a $4.975 million signing bonus to make up the difference. That new "signing bonus" will be prorated into 2012, 2013, and 2014.
Source: Profootballtalk on NBC Sports
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