The Pittsburgh Steelers are finally restructuring contracts to get out of their cap hole of -20+ million heading into the 2021 NFL season. Today they have restructured Cam Heyward's contract creating $7 million in open cap space. Ian Rapoport says the Steelers did a basic conversion restructure on Heyward's contract. Heyward will still make $10.5 million in 2021, but the Steelers converted his roster bonus and base into a signing bonus. By doing this it will open up $7 million.
The Steelers have the 4th worst cap situation in the NFL right now. They also have one of the most unrestricted free agents available as well. So if the Steelers want to think about retaining Alejandro Villanueva, JuJu Smith-Schuster, Bud Dupree, or any other free agent in 2021 they will need to continue to restructure contracts. Stephon Tuitt, Derek Watt, Chris Bowell, and Ben Roethlisberger can restructure their contracts to help the Steelers in the 2021 offseason. Maurkice Pouncey's recent retirement news will also help the Steelers with their cap situation as well.