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Financial details of Daniel McCullers’ contract with the Steelers released

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The latest signing by the Pittsburgh Steelers was to Daniel McCullers, and we dig into the financial aspect of his new deal,

Cleveland Browns v Pittsburgh Steelers Photo by Joe Sargent/Getty Images

Nose tackle Daniel McCullers signed a one-year deal with the Pittsburgh Steelers worth $880,000, well kinda.

The former sixth-rounder drafted in 2014 out of the University of Tennessee received what is referred to as a Minimum Salary Benefit (MSB) contract. A MSB deal is one that pays a player the minimum salary for his accrued seasons, but the cap hit is as if he had only two accrued seasons. The other caveat is that the amount of signing bonus is capped at $90,000 this year.

So, what does this deal look like?

1 year deal

$90,000 signing bonus

$790,000 base salary (Not guaranteed)

$720,000 cap hit

$240,000 actual cap hit after displacement. (When a player is signed who is not under contract another player no longer is counted in the Rule of 51.)

As the man they call ‘Shade Tree’ has $90,000 guaranteed he is easily replaced with minimal cost. Now the question is, will the Steelers do this? Do you see McCullers as a camp body or a legit backup?

Where does Pittsburgh currently sit regarding their cap space? (After weeks of being lost I think I have finally found my way. HA!) What is not currently accounted for but must?

$3,166,080 according to NFLPA site.

Seven draft picks: $5.58 million. But only the top four will count against the cap, as it is, due to displacement. The third and fourth-round draft picks would be the 52nd and 53rd players not accounted for in the current cap.

Rookie displacement: $2,152,217

10-man taxi squad: $1.4 million (estimated)

The 2019 carryover: $3.5 million (estimated)

OTA per diem: $250,000 (estimated)

Total: -$4,136,137 (Estimated)

The Steelers have restructured and cut their way to get cap compliant, but they still have more work to do before Week 1.