Ben Roethlisberger and Pittsburgh Steelers Restructure Contract
In what may be the final attempt to re-sign star wide receiver, Mike Wallace, Big Ben has restructured his contract so the Steelers can save about $8 million in cap space for 2012.
According to NFLPA records, Roethlisberger’s $11.6 million base salary in 2012 has been reduced to $900,000, with the remaining $10.7 million likely converted to a signing bonus that will be prorated over the four remaining seasons of his contract. What a selfless act by their star qb who signed a eight-year, $102 million deal in 2008. I’m sure he will live.
But it was a good decision for the good of the team.
Even with all of the restructuring and coupon cutting, the Steelers still may not be able to hold onto their star receiver.
“(Pittsburgh is) where I would like to be, but we all know that it is a business and you have certain things you have to handle,” Wallace told Sirius XM NFL radio on Wednesday. “So if I have to go elsewhere, you know Pittsburgh will always be in my heart, but I have to do what I have to do.
“Yeah, we are talking, but I don`t know how far they are going to get right now because of the situation. I know that they are working hard trying to take care of it, but I don`t know. We`ll see.”
Steelers general manager Kevin Colbert sounds determined to Wallace though.
“We want Mike to finish his career with the Steelers,” Colbert told reporters Thursday at the NFL combine in Indianapolis. “We think he’s only scratched the surface of what he can do.”
Pittsburgh fans are sure hoping that the team and Wallace can come to some kind of an agreement to keep him around for quite some time.