The Steelers got to work on the salary cap on Tuesday, as they cleared $6.56 million of salary cap space by renegotiating the contract of linebacker LaMarr Woodley.
Franchised by the Steelers prior to last year’s lockout, Woodley signed a five-year extension worth $52.5 million on August. Woodley received a $13 million signing bonus, $4 million option bonus and a $1.1 million base salary which resulted in a 2011 cap number of $7.7 million. In 2012, Woodley was due a $3.4 million base salary and had a $5.5 million roster bonus due on the 5th day of the 2012 league year for a cap number of $11.5 million.
Click HERE to read the rest