Steelers' Taylor restructures contract to save cap space

| Saturday, Feb. 11, 2012

Ike Taylor restructured his contract Friday, becoming the latest player to help the team get in compliance with the salary cap.

The Steelers had trimmed roughly $14 million in salary cap money earlier this week by restructuring the contracts of linebackers LaMarr Woodley and Lawrence Timmons and releasing cornerback Bryant McFadden and wide receiver Arnaz Battle.

Taylor, Woodley and Timmons signed long-term contracts prior to last season.

The Steelers entered the offseason about $25 million over the 2012 salary cap, and signing wide receiver Mike Wallace to a long-term contract is a priority, team president Art Rooney II said recently.

The salary cap for the 2011 season was $120.375 million, and that figure isn't expected to increase much for 2012.

Teams must be in compliance with the salary cap by March 13. The top 51 players count against the cap.

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