Taylor restructures contract to help Steelers

Steelers CB Ike Taylor again restructured his contract to create more salary-cap space for the team, the Pittsburgh Tribune-Review reports.

Taylor’s agent, Joel Segal, confirmed to the Tribune-Review that his client recently reduced his 2009 base salary of $3.5 million:

    “There was a minor restructure,” Segal, Taylor’s new representative, said Wednesday.
    By converting some of Taylor’s base salary into a signing bonus, the Steelers were able to come up with more money to sign players.

This marks the second consecutive year that Taylor, a Pro Bowl alternate in 2008, has redone his deal to give the Steelers cap relief. Last year, the Tribune-Review reports, Taylor’s restructed contract allowed Pittsburgh to sign first-round draft pick Rashard Mendenhall.

This year, the Steelers needed cap room in the wake of LB James Harrison signing a six-year, $51.75 million contract. It’s the largest deal for a Steelers defensive player in team history.

Taylor signed a five-year, $23.75 million contract extension in 2006, according to the Tribune-Review.

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