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.