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Oh boy, the Steelers are having a real fire sale. And it's far from over. Even if the Steelers were able to cut nearly $16.5 million and get just under the cap, things are far from over.
According to Spotrac.com, the Steelers have 59 players under contract. In order to sign even a handful of the free agents listed earlier, more of these guys will have to go. Many have contracts that don't even count against the cap, so it will be no real loss.
However, as mentioned before, Taylor and Woodley need to be willing to be flexible. Their combined cap hit for 2014 is $24.532 million. That is a ridiculous number for those two players.
If both are willing to do something similar to what Miller and Polamalu did, it would allow this team to hang on to some of its young talent and compete in 2014.
It could even allow the Steelers to be something of a player in free agency, seeking out some new faces for the team. Don't hold your breath, though. This will probably be a very quiet time for the Steelers, as usual. They will continue to do their due diligence leading up to May and the NFL draft.
This draft class is deep enough that they Steelers could realistically fill all of their needs through it and forgo outside free agents altogether. This sort of low-key approach is pretty typical for the Steelers. They could come in and swoop up a veteran or two in the summer after cap cuts are made post-draft.
Overall, the moves made so far have been very smart. No team ever likes to cut players and no player ever wants to make less money.
Unfortunately, this is the nature of the NFL. The Steelers are doing what must be done to handle their fiscal responsibilities.
Keeping Miller and Polamalu took tight end and safety off the top of the needs list in either free agency or the draft. There might not be a lot of big names coming in, but Steelers fans can be sure that there is still plenty of excitement left.