Contract numbers for Steven Nelson indicate he will cost Steelers just $4M against the cap in 2019

The Pittsburgh Steelers may have only just agreed to a deal with cornerback Steven Nelson on Tuesday, but it would appear that the details of his new three-year contract have already been leaked.

And while the numbers will not become official until they hit the NFLPA contract database in a few days times, the figures that emerged on Wednesday indicate a very manageable contract for the Steelers.

Extrapolating these reports into a more conventional format, we can see that Pittsburgh has done their best to limit the amount of salary cap space they have devoted to their new signing in his debut season.

2019

  • Base salary – $1.5 million
  • Prorated signing bonus – $2.5 million
  • Salary cap charge – $4 million

2020

  • Base salary – $5.25 million
  • Roster Bonus – $3 million
  • Prorated signing bonus – $2.5 million –
  • Salary cap hit – $10.75 million

2021

  • Base salary – $8.25 million
  • Prorated signing bonus – $2.5 million
  • Salary cap hit – $10.75 million

However unlikely, the Steelers could get away from this deal after 2019 by taking on a dead money charge of $6 million in 2020, but also creating salary cap saving of $4.75 million with the move. But the structure of Nelson’s contract suggests he should at least see the first two years of the deal.

The former Kansas City Chiefs cornerback will earn a total of $9 million in cash in his first season with the Steelers, $8.25 million in 2020 and $8.25 million in 2021 for a total of $25.5 million over three years. A contract that is worth $1.5 million less than the $27 million three-year deal Joe Haden signed in 2017 after he was released by the Cleveland Browns.

Original Source
Author: Simon Chester

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