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Cortez Allen Contract: Latest News, Rumors on CB's Negotiations with Steelers

PITTSBURGH, PA - SEPTEMBER 28:  Cortez Allen #28 of the Pittsburgh Steelers during the game against the Tampa Bay Buccaneers at Heinz Field on September 28, 2014 in Pittsburgh, Pennsylvania.  (Photo by Gregory Shamus/Getty Images)
Gregory Shamus/Getty Images
Daniel KramerFeatured ColumnistMarch 10, 2016

Cortez Allen is only halfway through the four-year, $24.6 million extension he signed in 2014, but the veteran cornerback could have to restructure that deal to remain with the Pittsburgh Steelers

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Allen Asked to Take Pay Cut  

Wednesday, March 9

Allen has been asked to restructure his deal and take a salary reduction from the $4.4 million he’s scheduled to make in 2016, according to Jeremy Fowler of ESPN.com.  

If he rejects that offer, the Steelers may be prepared to cut him, per Fowler.

Allen was battling a knee injury all of last year before finally being placed on injured reserve in late October. He played in only the season opener. 

The former fourth-round pick also battled injuries throughout the 2014 season and was eventually benched for his struggling performances when on the field.

The Steelers could designate Allen as a post-June 1 release and save the $4.4 million he’s due while only taking a $1.35 million hit in dead money, per Fowler. Teams are allowed two such designations per offseason. 

Pittsburgh currently has $8.09 million available in cap space—sixth-lowest in the league, per Over the Cap.

By agreeing to whatever new terms the Steelers offer, Allen could help the team pursue other free agents by adding to the limited financial pool it's currently working with.

But even if Allen stays in Pittsburgh, he could have trouble making the roster this fall. His lingering knee issues and mixed performance in 2014 aren’t a promising sign for a defense that hopes to improve after ranking third-worst against the pass last year.

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