The Steelers have restructured the contract of veteran cornerback Joe Haden, according to a report by Field Yates of ESPN.
The Steelers restructured the contract of CB Joe Haden, guaranteeing him his salary in order to create cap space, per source. Money management in Pittsburgh.
— Field Yates (@FieldYates) March 17, 2020
By guaranteeing Haden’s salary, the team could potentially create an additional $2.975 million in cap space.
In addition to Haden, the Steelers have also reportedly restructured the contracts of quarterback Ben Roethlisberger, tight end Vance McDonald, kicker Chris Boswell and corner Steven Nelson.
These restructures and other transactions come as the team tries to work some magic with the salary cap after using the franchise tag on outside linebacker Bud Dupree. The tag will pay him an estimated amount north of $15 million.
Haden, who turns 31 in under a month, is entering his eleventh season in the NFL and his fourth with the Steelers. He started all 16 games in 2019, intercepting five passes and accounting for 17 passes defended.