Source: Steelers Restructure Taylor's Deal

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Source: Steelers Restructure Taylor's Deal

The Steelers have restructured cornerback Ike Taylor's contract, a source told ESPN, freeing up around $3 million under the salary cap this year. The Steelers and Taylor agreed to turn his base salary this year into a signing bonus that can be spread over the remaining two years on his contract. The Steelers may still have to pay Isaac Redman close to $850,000 after releasing the fourth-year veteran last week. Redman signed a one-year, $1.3 million contract last April and the deal was not guaranteed. Redman, however, has the option of claiming the rest of the money on the contract via a termination payment that the collective bargaining allows players to exercise one time during their career. ...

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