The deal is the 2nd most paid in team history. It’s a six-year extension worth $61.5 million.
The deal includes a $22.5 million bonus and will significantly reduce his previous salary cap number. He was to be on the books for about $10 million in 2010 because of the franchise tag the Steelers applied to him. His new salary cap number could be about half of that.
The 26-year-old was a second-round pick (46th overall) out of the University of Michigan in 2007. In 60 games, including 47 starts, Woodley (6-foot-2, 265 pounds) has 39 quarterback sacks, posting double-digit totals in each of the three seasons he’s been a full-time starter.
Woodley went to the Pro Bowl after the 2009 season. The deal makes the outside linebacker the highest paid player on defense and second-highest on the team behind only quarterback Ben Roethlisberger.