2 + 2 does not seem to be adding up to 4 here. Here is what I "know".
1. The cap is not set but is expected to be $120 - $125 million.
2. Based on that the Steelers started the off-season between $20 - $25 million over the cap.
3. It was reported by a number of reputable sources that the Steelers had shaved over $18 million off the 2012 cap prior to the restructures on Colon and Roethlisberger.
4. Ben and Willie's restructures saved an additional $11 million+.
5. That should bring the total cap savings since the off-season began to between $29 and $30 million.
6. Scott Brown confirmed that math in the Trib this morning writing "The Steelers have shaved close to $30 million off their 2012 salary cap".
Lets say the final salary cap ends up on the low end of projections ($120 million), which would mean the Steelers started the off-season $25 million over the cap. If we have saved $30 million and we were at most $25 million over the cap why is it being so widely reported that we are maybe just barely in compliance with the expected cap? We should be at least $5 million under the cap by those numbers!
What am I missing?