“Big Ben” takes a small pay cut.
On Thursday, the Steelers announced that they had signed quarterback Ben Roethlisberger on a new 2021 contract, effectively restructuring the money left over on Roethlisberger’s contract and ending a months-long odyssey of both sides dancing the one around the other in contractual discussions.
We signed a new contract with QB Ben Roethlisberger for 2021.
– Pittsburgh Steelers (@steelers) March 4, 2021
“It is my greatest honor to be a Pittsburgh Steeler and to give my all for this organization,” Roethlisberger said in a statement. “I’m grateful to be at this point in my career and more than happy to adjust my contract in such a way as to best help the team reach out to other players so essential to our success. I love this game and I love the competition, and I believe in this team and in my ability to deliver when asked. It all starts with great preparation and I’m good to go.
Earlier in the offseason, the Steelers Brass indicated they would have liked to keep Roethlisberger, just at a price lower than his $ 40 million cap he was slated to take for the 2021 season.
With Pittsburgh up for the cap and several key free agents – including wide receiver JuJu Smith-Schuster and linebacker Bud Dupree – the team needed leeway, which the quarterback’s restructured contract gave them. .
“We know Ben can still play at a high level and do special things for this team,” Steelers general manager Kevin Colbert said. “Our goal remains the same: to build a team that will compete for another championship. We are pleased that Ben is one of our leaders to help us achieve this goal.”
Here’s how Roethlisberger’s new deal breaks out:
MORE: The Steelers’ Best Options To Replace Roethlisberger In The Future
Ben Roethlisberger contract details
ESPN’s Adam Schefter reported that Roethlisberger agreed to take a $ 5 million pay cut in the final year of his contract (2021), spreading his cash payment over the 2022 season.
The move lowered Roethlisber’s cap for 2021 by $ 15 million, down from the $ 41.2 million blow he was set to represent in 2021. Roethlisberger was initially scheduled to become a free agent after the 2021 season. Roethlisberger’s original cap number was the highest of any player entering the league in 2021.
Ben Roethlisberger voluntarily reduced his salary from $ 19 million to $ 14 million in the final year of his contract and spread the cash payment until 2022, per source. This lowered the ceiling reached by over $ 15 million, so the team can make the right decisions to be as competitive as possible this season.
– Adam Schefter (@AdamSchefter) March 4, 2021
NFL Network’s Tom Pelissero reported that some of Roethlisberger’s money was converted into a signing bonus, with a withdrawal after the first season.
#Steelists QB Ben Roethlisberger’s new contract for 2021 uses a signing bonus, minimum base salary, and cancellable years to free up roughly $ 15 million in cap space, per source. Big Ben takes a $ 5 million cut, from $ 19 million to $ 14 million, which gives the team much needed wiggle room.
– Tom Pelissero (@TomPelissero) March 4, 2021
According to Spotrac, the hit cap the Steelers are expected to face is still over $ 22 million, but the Steelers still do well in opening up the cap space.
The 2021 cap reached for Ben Roethlisberger’s new contract starts at $ 22.25 million. This is the (inflexible) dead ceiling which must be carried over from the previous agreement.
– Spotrac (@spotrac) March 4, 2021