Steelers offensive tackle Willie Colon was at the Steelers facility today. It is being reported via the Pittsburgh Post Gazette that Colon has restructured his contract to save the Steelers $2.85 million in cap space.
Colon was due to make $5.7 million against the cap this year. He had $4.5 million in base salary. He has removed $3.8 million from his base salary and turned it into future bonus money. His cap number this year will be $2.85 million.
The Steelers were reported to be $11 million over the cap as of last week. This brings them down to $8.15 million left to get under the 2012 salary cap. They have until March 13th to do so.
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