MyCole Pruitt Contract Details, Steelers Salary Cap Update
The contract details for new Pittsburgh Steelers tight end MyCole Pruitt have been revealed, and the team’s salary cap situation can now be updated.
Pruitt signed with the Steelers on a one-year contract with no guaranteed money, using the veteran cap benefit rule to slightly reduce his overall cap hit. The Steelers will pay Pruitt $1.21 million in salary and he can earn a $50,000 roster bonus for a total contract value of $1.26 million. Because of the veteran benefit rule, Pruitt will only count for $1.035 million against the Steelers’ 2024 salary cap.
With Pruitt’s addition to the top 51 contracts and displacement, the Steelers have about $12.1 million in 2024 offseason salary cap space, according to Steelers Now‘s estimate. That’s down from $12.2 million in our last estimate.
That total number can still be misleading. Before the start of the 2024 regular season, they will need to pay workout bonuses, sign their rookie class, account for the 52nd and 53rd players on the roster, sign a practice squad, account for players on the injured reserve and leave space for in-season acquisitions. They may also need to make room for a contract extension for tight end Pat Freiermuth.
The Steelers once again will have some work to do to get salary cap compliant before the start of the season after this week’s moves. They are functionally about $7.5 million over their salary cap. The Steelers have several avenues of achieving further savings, as the team can cut, restructure, or extend the contract of several veteran players, including Cam Heyward, Larry Ogunjobi, Minkah Fitzpatrick and Alex Highsmith.
PITTSBURGH STEELERS 2024 SALARY CAP BREAKDOWN
| Functional cap space (est.) | -$7,445,692 | T.J. Watt | $30,418,694 |
| Cam Heyward | $22,406,250 | ||
| Estimated 2024 NFL salary cap | $255,400,000 | Minkah Fitzpatrick | $21,355,000 |
| Steelers 2023 salary cap rollover | $2,340,192 | Alex Highsmith | $13,933,000 |
| Steelers 2024 salary cap (est.) | $257,740,192 | Larry Ogunjobi | $13,283,333 |
| James Daniels | $11,166,668 | ||
| Top 51 salaries | $257,740,192 | Isaac Seumalo | $10,191,666 |
| Dead cap hits | $24,402,178* | Cole Holcomb | $7,640,000 |
| Patrick Queen | $6,113,333 | ||
| Offseason cap space (est.) | $12,095,444 | Donte Jackson | $6,000,000 |
| Nate Herbig | $5,460,000 | ||
| Draft pool | $2,663,936 | Chris Boswell | $4,720,000 |
| End of rule of 51 | $1,970,000 | Elandon Roberts | $4,667,500 |
| Practice squad (est.) | $4,000,000 | Najee Harris | $4,151,460 |
| In-season buffer/inj. reserve (est.) | $10,000,00 | Damontae Kazee | $3,875,000 |
| Workout bonuses (placeholder) | $907,200 | Broderick Jones | $3,778,719 |
| Dan Moore Jr. | $3,540,475 | ||
| Justin Fields | $3,233,448 | ||
| Miles Killebrew | $2,255,000 | ||
| DeShon Elliott | $2,250,000 | ||
| Cordarelle Patterson | $2,250,000 | ||
| Joey Porter Jr. | $2,185,988 | ||
| Montravius Adams | $2,125,000 | ||
| Cameron Johnston | $2,083,333 | ||
| Pat Freiermuth | $1,918,057 | ||
| Dean Lowry | $1,875,000 | ||
| George Pickens | $1,841,506 | ||
| Keeanu Benton | $1,666,619 | ||
| DeMarvin Leal | $1,414,608 | ||
| Darnell Washington | $1,216,798 | ||
| Russell Wilson | $1,210,000 | ||
| Christian Kuntz | $1,163,333 | ||
| Van Jefferson | $1,152,500 | ||
| Kyle Allen | $1,152,500 | ||
| Quez Watkins | $1,152,500 | ||
| Isaiahh Loudermilk | $1,135,072 | ||
| Calvin Austin III | $1,111,084 | ||
| Nick Herbig | $1,083,231 | ||
| Breiden Fehoko | $1,055,000 | ||
| Denzel Mims | $1,055,000 | ||
| MyCole Pruitt | $1,035,000 | ||
| Connor Heyward | $1,023,806 | ||
| Mark Robinson | $1,013,089 | ||
| Jaylen Warren | $989,000 | ||
| Luq Barcoo | $985,000 | ||
| Marquez Callaway | $985,000 | ||
| Dez Fitzpatrick | $985,000 | ||
| Thomas Graham Jr. | $985,000 | ||
| Kyron Johnson | $985,000 | ||
| Jonathan Marshall | $985,000 | ||
| Josiah Scott | $985,000 |
*Dead cap hits currently account for the prorated portion of the Cory Trice Jr.’s signing bonus while he is not among the top 51 contracts.
Salary figures from Steelers Now sources, the NFLPA, and OvertheCap.com.
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