Originally posted on ProFootballTalk:
According to Ed Bouchette of the Pittsburgh Post-Gazette, Taylor’s base salary has dropped by $4.25 million, to $2.75 million.
Because Taylor is in the final year of his contract, the Steelers have created $4.75 million in additional cap space. Per Bouchette, the Steelers currently stand at $7 million under the cap.
It gives the Steelers some room to maneuver in free agency. Come September, when linebacker LaMarr Woodley exits the books, the Steelers will pick up another $8 million in cap space, more than enough to sign the team’s incoming class of draft picks.