The Pittsburgh Steelers saved a few million dollars under the salary cap by releasing Vince Williams and bringing him back on a veteran-minimum contract.
Williams’ one-year deal is for the $1.075 million, Mark Kaboly of The Athletic reported this week, which will provide a big discount from his previous contract.
The Steelers had cleared $4 million in cap space by releasing Williams just after the start of free agency, while absorbing a $3.03 million dead cap hit. With his new deal, he’ll count just for $850,000 against the cap thanks to the veteran minimum cap benefit.
Counting the dead money and his current salary, the Steelers are getting Williams for a total of $3.88 million, instead of the $7.08 million he was set to count for entering the offseason.
With Williams in the fold, the Steelers now have approximately $11.2 million in offseason salary cap space, according to Steelers Now analysis and salary data from the NFLPA, OvertheCap.com and other sources.
That translates to approximately $5.6 million in usable cap space when factoring in the team’s draft pool, practice squad and the final two players that need added to the cap rolls before the start of the season.