The Steelers have approximately $12 million in usable cap space following the trade for inside linebacker Joe Schobert and the restructuring of the contract of defensive lineman Stephon Tuitt.
The team currently has a Top 51 salary of $144.83 million and approximately $17.5 million in offseason salary cap space, according to Steelers Now analysis and salary data from the NFLPA, OvertheCap.com and other sources.
For the season, the Steelers will have to add their final two players to the rolls and sign a 16-man practice squad, leaving the team with approximately $12 million in functional salary cap space.
Steelers general manager Kevin Colbert has typically liked to go into the season with at least $5 million in reserve in case of in-season additions or injuries.
That gives him plenty of cash to work with on a potential T.J. Watt extension or other acquisitions, after spending most of the 2021 offseason under a significant salary cap crunch.