The Pittsburgh Steelers They go into training camp in 2022 and are about a week away from their first game before the start of the season. Although there is still some player exchange during training camp, there is always the opportunity to change something else for things whether big or small. With reports of these deals coming in long before they become official, even after pen to paper, it can sometimes take a while to figure out the exact financials in the contract. Rely heavily on reliable salary cap websites like overthecap.com or spottrack.comwhen they can report player contract numbers for the given years, I update the salary cap status with a more accurate number.
Before getting into Diontae Johnson, there are a few other items to take care of. During the latest salary cap update, there was a report on Spotrac’s Jeremy McNichols contract. Following that report, it was a conflicting report from Over The Cap (OTC) that the McNichols were in his fourth NFL season, not his third, and therefore eligible for a veteran’s salary. When the contract went to the total NFLPA site, it did not change the Steelers amount, which would agree with the OTC report. So the $70,000 discrepancy still exists, but it’s not nearly as important now that McNichols is on the reserve/wounded list. What will eventually happen now is whether or not McNichols has an injury settlement or how things are going with him in international relations, so his salary is now removed from my list below for now. If there is an injury settlement, this amount can be considered by entering it into the ‘seasonal expense’ category. As for the addition of Mr. Teague, he was not in the top 51 payroll list.
Another person to discuss is Chris Boswell’s contract, but his numbers have not been reported by a reliable source for full details. Boswell has been reported to have a signing bonus of $8 million, so based on his $1.6 million bonus from the new extension, plus $1,683,334 in dead money from the previous contract, we know Chris Boswell will account for $3,283,334 plus To his base salary for the year 2022 salary cap. In the past, Boswell’s base salary was supposed to be minimal because that’s how the Steelers organized things. But after seeing Minkah Fitzpatrick’s deal structure, as well as what you’ll soon see with Diontae Johnson, the Steelers won’t necessarily go down to the bottom line in the league as a first-year base salary. If they gave Boswell the league minimum for a player with his years of service, which is $1.12 million, the Steelers would save $545,000 from the maximum salary. If the Steelers gave Boswell a larger base salary, something like $2 million, he would count $335,000 toward the maximum salary because he would then take a bigger hit that was due to be set before his extension. So while we don’t know the exact number, that’s a pretty safe range when it comes to Boswell and that he’s going to fall in there somewhere that doesn’t affect the salary cap in a big way whether it’s a gain or a loss. In fact, the Steelers may have purposely engineered the deal to keep it just as successful in 2022.
He finally got to Dionne Johnson, and his contract came with a signing bonus of $17.5 million. Dividing that over the remaining three years of his contract, he carries a prorated bonus of $5,833,333 per season. Adding to the $283,357 dead money from his signing bonus with his start-up deal, the only remaining factor was Johnson’s base salary. According to the OTC, Johnson earned a base salary of $1.5 million for 2022, giving him a maximum figure of $7,616,690 for 2022. With his prior amount of $3,073,357 prior to his new deal, it costs Deontay Johnson just over for an additional $4.5 million in salary for 2022. Hat.
While it doesn’t apply when it comes to contract extensions because the players were already on the roster, I’d still leave a roster slide reminder in case anyone is looking at some old signings. To determine how much a newly signed player can change the Steelers salary cap space, their cap number must be adjusted due to roll offset. As a reminder, offsetting the list only takes into account the 51 most important contracts of a team that count toward the maximum salary during an off-season period. When a bigger contract comes into the books, it kicks out a smaller contract from the top 51 contracts. So, it’s just difference In those contracts that increase the maximum salary figure.
Below is an approximate breakdown of the Steelers’ salary cap space based on their recent moves through my own calculations. The numbers are exactly the maximum salary set for each player in 2022. Players who have been laid off, tendered or whose exact salaries have been reported are shown below and the exact numbers are known.
(Note: Unless stated, reported salaries solved $825,000.)
Steelers salary cap space heading to free agency: Approximately $28.8 million
Dwayne HaskinsTender: $2.54 million salary; After offset++: – 1.715 million dollars
Miles Kelibro: $1.5175 million reported; After offset: – 0.6925 million dollars
Arthur Mullet: $1.535 million reported; After offset: – 0.71 million dollars
Mitch Trubesky: $3.66 million reported; After offset +: – 2.765 million dollars
Mason Col: $2.556666 million reported; After offset +: – 1.661666 million dollars
Chox Okorafor: reported $4,333,333 million; After offset: – $3.508333 million
Robert Spillane: tender salary of $2.433 million; After offset: – 1.608 million dollars
Marcus AllenTender: $2.54 million salary; After offset: – 1.715 million dollars
James Daniels: $4.166666 million reported; After offset: – 3.341666 million dollars
Levi Wallace: $2.5175 million reported; After offset *: – 1.672317 million dollars
Montravius Adams: $1.7675 million reported; After offset +: – $0.8725 million
Zack Banner: $5 million in salary saved; After offset: + 4.175 million dollars
Jack Miles: reported $4.75 million; After offset *: – $3.90139 million
Joe Schubert: $7.834 million in salary saved; After offset +: + 6.939 million dollars
Ahkello Witherspoon: $2.5175 million reported; After offset +: – 1.6225 million dollars
Gunner Olszewski: $1.5825 million reported; After offset +: – 0.6875 million dollars
Jennard Avery: $1.0475 million reported; After offset +: – 0.1525 million dollars
Carl Joseph: $895,000 reported; Not at the top 51: – 0 dollars
Miles Boykin: reported $2.54 million; After offset++: – 0 dollars
Terrell Edmonds: $1.1875 million reported; After offset +: – 0.2925 million dollars
Damontay Kazi: $1.0475 million reported; After offset +: – 0.1525 million dollars
George Pickens: $1.22767 million reported; After offset +: – $0.33267 million
Trenton Scott: $895,000 reported; Not at the top 51: – 0 dollars
De Marvin Lil: $0.943072 million reported; After offset +: – 0.048072 million dollars
Bryce Watts: Released with $10,000 in dead money: – 0.01 USD
Tozar Skipper: $895,000 reported; Not at the top 51: – 0 dollars
Stefon tweets: $9.05 million in salary saved; After offset +: + 8.155 million dollars
Minka Fitzpatrick: $8.124235 million reported; $10.612 million replaced: + 2,487,765 million dollars
Kenny Beckett: reported $2,557801 million; After offset +: – 1.662801 million dollars
Larry Ogongobe: reported $8 million; After offset +: – $7.105 million
Doug Costin: $825,000 reported; Not at the top 51: – 0 dollars
Jeremy McConchols : $965,000 reported; After offset +: – $0.07 million
Mr. Tej: $705 thousand reported; Not at the top 51: – 0 dollars
Chris Boswell: No report yet
Deontay Johnson: $7,616,690 million reported; $3,073,357 Million has been replaced:-4.543333 million dollars
Maximum salary area: Approximately $9.8 million
* The salaries redeemed under these two contracts were $845,183 (Tree Norwood) and $848,610 (Presley Harvin)
+ A $895,000 contract exchanged
++ They were pushed apart by each other, without changing the cover
So where does this number compare to those reported by major salary cap sites (at the original time of publication, before any potential updates)?
according to overthecap.comSteelers, $9,795,599 under salary cap. OTC has everything on its books at this time, except for the Boswell contract and any change with McNichols. With all things reported, we have the exact same dollar amount.
Another trusted site for salary cap is spottrack.com, which has the Steelers at $12,881,076 under the cap. Spotrac owns the above contracts, except for Chris Boswell and Diontae Johnson, and it has McNichols in IR. Spotrac also has a proportional Miles Boykin bonus that incorrectly calculates for the Steelers instead of sticking with the Ravens. Spotrac doesn’t have unofficial internships that count against the salary cap at this time either. Additionally, Spotrac calculates potential financial deadweights for players outside the top 51 payrolls in their totals.
I’ve updated how much I think the Steelers will still need when the regular season rolls around, which comes to an additional $13 million. Come September, the Steelers need to count all 53 players on the roster, sign their coaching staff, and get some carryover in order to do business throughout the year. But there are other expenses likely to add to the $5 million the Steelers were hoping to take in on the season (in years past). If the Steelers promote players from the coaching staff, they must receive a full match inspection. Bearing in mind, along with significant increases in league minimums for players who can be added to the roster if another player gets injured, The Steelers will likely want to take on an additional $2 million to $3 million, increasing what they previously estimated by about $10.8 million to nearly $13 million. Also remember that this required amount may go down depending on the salaries of players who are not on the list, assuming there are not a lot of dead money.
Based on this number, The Steelers shove about $3.2 million of what they want likely to Need for 2022. If the Steelers feel they need more cash against the 2022 salary cap, restructuring TJ Watt’s contract could yield more than $17 million if the Steelers choose to do so. Also, Steelers can restructure for a lower amount once they have an idea of what they might need, and this restructuring can wait until after they have reduced their number to 53 players.
Nothing does not make sense? Curious about any of the details? Leave your questions in the comments below and I will check in and do my best to answer them.