The Pittsburgh Steelers and quarterback Ben Roethlisberger agreed to a new contract for the 2021 season on Thursday and details of the deal are now being reported.
Roethlisberger agreed to a $5 million pay cut as part of a new contract that will technically run through 2025, with the final four seasons becoming void after 2021.
Roethlisberger was set to earn $4 million in salary and a $15 million roster bonus for 2021, none of which was guaranteed. Instead, he will earn $1.075 million in salary, with $12.925 million converted to guaranteed signing bonus. That signing bonus will be spread over the initial five years of the contract.
That means that Roethlisberger will count for a total of $25.91 million against the Steelers’ 2021 salary cap, a savings of $15.3 million. The details of Roethlisberger’s contract were first reported by Ian Rapoport of NFL Network.
After the final four years of Roethlisberger’s contract are voided, the Steelers will have $10.3 million of dead money, which will count against the team’s salary cap in 2022 or will be spread out between 2022 and 2023.
Roethlisberger, 39, had a strong season statistically in 2020, passing for 3,803 yards and 33 touchdowns with ten interceptions, but saw his play slide as the team dropped five of its final six games.
A two-time Super Bowl champion, Roethlisberger is the Steelers’ all-time leader in passing yards (60,349), touchdowns (396), completions (5,050) and wins (156).
Steelers Now’s Alan Saunders contributed salary cap information and graphic to this report.