On Wednesday, the Pittsburgh Steelers announced inside linebacker Vince Williams I to retire after nine seasons in the NFL.
Williams’ retirement isn’t the only change in the Steelers roster since the last salary cap update following the signing of Melvin Ingram. The Steelers also signed their final 2021 draft pick at Kendrick Green and added an offensive tackle to Chaz Green.
First, Kendrick Green’s contract slipped into the top 51 once he signed his contract on Tuesday. He ultimately cancels one of the eight contracts that have a cap of $ 850,000. The cost after moving Green’s contract will now be approximately $ 36.5,000, which will be added to the salary cap.
As for Vince Williams, he was one of eight players whose salary cap was $ 850,000 for 2021. His “dead money” from his previous contract upon his release has already been factored in, so that doesn’t change a thing. . If simply to say that Vince Williams was the $ 850,000 contract that was canceled by the signing of Kendrick Green, Williams could be classified as not in the top 51 wages. In other words, the Steelers aren’t saving a single dollar right now from Vince Williams’ retirement.
As for Chaz Green, his contract falls under the salary benefit of veterans and costs only $ 780,000 compared to the salary cap according to overthecap.com. At this amount, it does not rank in the top 51 salaries and does not affect the current salary cap.
What exactly is the salary benefit for veterans? As a reminder, here is an explanation given by frontofficenfl.com:
Veteran Salary Benefit: Formerly known as the Minimum Salary Benefit, the Veterans Salary Benefit allows teams to offer a “qualifying contract” to any player with at least four seasons credited with a reduced salary cap. Under this provision, a qualifying contract is a one-year contract worth the minimum base salary applicable to a player with his number of seasons credited, plus $ 137,500 in additional compensation (i.e. increase in 2022). These contracts are charged to the salary cap at the rate of one player with two seasons credited that league year.
Now where do the Steelers stand with the 2021 salary cap? Prior to the launch of free agency, the Steelers were just over $ 6 million below the salary cap. Since then, the number has fluctuated due to various movements.
To determine how much each player changes the Steelers salary cap space, their cap number needs to be adjusted due to the roster shift. As a reminder, the displacement of the workforce only takes into account the 51 best contracts of a team which count for the salary cap during the offseason. As a bigger contract hits the books, it pulls a smaller contract out of the top 51. Therefore, it is only the difference in these contracts which increases the number of salary caps.
Here is the rough distribution of the Steelers salary cap space based on recent moves by my own calculations. The numbers are strictly the salary cap reached, or the change from what it was before, for each player in 2021.
The Steelers’ salary cap space is heading to free agency: About $ 6 million
Ray-ray mccloud: Declared salary of one million dollars; After moving: – $ 0.34 million
BJ Finney: Reported $ 987,500; After moving: -0.3275 million dollars
Cam Sutton: New report of $ 1.7 million; After moving: – $ 1.04 million
Zach Banner: Declared $ 2.875 million; After moving: -2.215 million dollars
Vince williams: Saved $ 4 million in salary; After moving: + $ 3.34 million
Chris Wormley: $ 1.6 million declared; After moving: -0.94 million dollars
JuJu Smith-Schuster: $ 2.4 million declared; After moving: – $ 1.74 million
Tyler simmons: Reported $ 660,000; not in the top 51: -0 $
Joe haeg: $ 1.5 million declared; After moving: – $ 0.84 million
Miles Killebrew: Reported $ 987,500; After moving: -0.3275 million dollars
Steven nelson: $ 8.25 million in salary savings; After moving: + $ 7.59 million
Cassius Marsh: Declared $ 950,000; After moving: -0.17 million dollars
Eric Ebron: Would have saved $ 3.904; No list move: + $ 3.904 million
Tyson Alualu: Declared $ 2.0375 million; After moving: $ 1.2575 million
Jordan berry: Declared $ 950,000; After moving: -0.17 million dollars
Kalen Ballage: Reported $ 920,000; After moving: -0.14 million dollars
Cowardly Rashaard: Declared $ 850,000; After moving: – $ 0.07 million
Matthew Sexton: Reported $ 660,000; not in the top 51: -0 $
Jarvis miller: Reported $ 660,000; not in the top 51: -0 $
Jamir Jones: Reported $ 660,000; not in the top 51: -0 $
TJ Carter: Reported $ 660,000; not in the top 51: -0 $
Abdallah Anderson: $ 780,000 declared; not in the top 51: -0 $
Vince williams: Declared $ 850,000; After moving: – $ 0.07 million
Joshua Dobbs: $ 900,000 declared; After moving: – $ 0.12 million
Mason Rudolph: reported limit number of $ 2,193,066; After increase: -0.945199 million dollars
Dan Moore Jr: Declared $ 834,475; After moving: $ -0.054475 million
buddy johnson: Reported $ 784,836; After moving: -0.004836 million dollars
Arthur Maulet: Declared $ 850,000; After moving: – $ 0.067 million
Pat Friermuth: Declared $ 1,096,033; After moving: -0.311197 million dollars
Najee harris: Declared $ 2,372,263; After moving: -1.568887 million dollars
Out of season training: 90 players x $ 275 / day x 32 days: – $ 0.792 million
David DeCastro: $ 8.25 million in salary savings; After moving: + $ 7.946624 million
Turner’s boy: Declared $ 3 million; After moving: – $ 2.196624 million
Melvin ingram: Reported $ 4 million; After moving: – $ 3.165525 million
Kendrick Green: Reported $ 886,502; After moving: $ 0.036502 million
Vince williams: $ 850,000 saved; After moving: -0 $
Chaz Green: $ 780,000 declared; not in the top 51: -0 $
Approximate salary cap space: Approximately $ 9.87 million
To note: Miles Killebrew was the final contract replacing a salary of $ 660,000. From Cassius Marsh, moving is a salary of $ 780,000. Buddy Johnson was the final contract replacing a salary of $ 780,000, so from that point on the contracts varied and were moved. Now the contracts are at $ 850,000, which would be inappropriate.
So where does that number compare to those reported by the major salary cap websites?
According to overthecap.com, the Steelers are $ 13,085,466 below the salary cap. The OTC has taken into account all of the moves of the other Steelers except Mark Ingram, so once they get Ingram’s contract in the books their numbers will be extremely similar to mine assuming the Ingram’s agreement does not include any empty years.
Another credible salary cap website is Spotrac.com, which has the Steelers at $ 14,733,320 below the cap and has not changed since the last salary cap update. It should be noted that Spotrac does not have contracts for Ingram, Kendrick Green or Chaz Green as well as off-season workouts on the books at this time. Another discrepancy comes from where they count player-prorated signing bonuses not in the top 51 towards the salary cap. A very big discrepancy is that Spotrac has Trai Turner’s four-year contract that has not been reported by any other outlet. If you adjust these things, their number is also about the same as mine.
Additionally, the Steelers will need around an additional $ 9.5 million in September, when they need to account for all 53 players on the roster, sign their practice squad, and have a carryover to do business all the way. throughout the year. That number depends on the NFL with a 16-player practice squad and the exact players the Steelers release when they cut their roster on August 31.
As training camp intensifies this week, the Steelers have just 89 players in their roster with Williams retiring. If the addition to the roster has a salary below $ 850,000, that will not affect the Steelers’ salary cap space at this time.