Restructuring helps Steelers' cap room

Updated: April 23, 2009, 11:41 AM ET
By Len Pasquarelli | ESPN.com

The Pittsburgh Steelers have gained some much-needed salary-cap space entering the draft this weekend by completing a simple restructuring of cornerback Ike Taylor's contract.

The Steelers' best cornerback, Taylor reduced his scheduled base salary of $3.5 million for 2009 to a level at or near the league minimum for his tenure, which is $620,000. The balance was converted into a guaranteed signing bonus.

The move, first reported by the Pittsburgh Tribune-Review and confirmed Thursday ...

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