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Ex-Green Bay Packers safety Morgan Burnett signed with the Pittsburgh Steelers on March 20 and financial details are finally out. The three-year contract has a rather large signing bonus compared to the overall value of the contract. The $4.25 million signing bonus comes along with base salaries of $1 million in 2018, $5 million in 2019 and $4 million in 2020.
The eight-year veteran will carry a team friendly cap hit of $2.4 million in 2018. The cap hits do escalate to $6.4 million in 2019 and $5.4 million in 2020.
These figures are all courtesy of Ian Whetstone.
The three-year contract signed by new Steelers safety Morgan Burnett appears to include a signing bonus of $4.25 million and salaries of $1 million in 2018, $5 million in 2019, and $4 million in 2020. The salary cap hit for 2018 is $2,416,666.
— Ian Whetstone (@IanWhetstone) March 23, 2018
Burnett should be one of Pittsburgh’s starting safeties with this deal, but other questions remain. Will the Steelers still retain J.J. Wilcox and his $3.8 million cap hit? Or save the team $3.1 million and find another steal in a sluggish safety market? Does Burnett play free safety or strong safety? These questions have been on the minds of Steeler Nation since reports of his signing started to emerge.
Pittsburgh is currently sitting on $3,406,080 in cap space, according to NFLPA and confirmed by Ian Whetstone. When the Burnett contract is figured in, the Steelers will be left with $2 million. Daniel McCullers (Unknown contract details), seven rookies, 52nd and 53rd players, and the ten-man practice squad, still puts the black-and-gold over the NFL’s current salary cap.
Stay tuned for more details on the team’s salary cap situation, as well as other Pittsburgh Steelers news.
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