Steelers Preseason News: Troy Polamalu Signs Long-Term Deal

Stay tuned to this storystream for updates on new additions to the Steelers and notes from training camp.

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LaMarr Woodley, Steelers Agree To Long-Term Deal

At long last, the Steelers have signed outside linebacker LaMarr Woodley to a long-term deal. It’s for six years and $61.5 million and includes an enormous $22.5 million signing bonus.

Woodley’s contract is the second-highest in franchise history, next to only the eight-year, $102 million deal that quarterback Ben Roethlisberger signed in 2008.

Woodley had the Steelers’ franchise tag, meaning all of his $10 million 2011 deal would have counted against the salary cap. Adam Schefter tweets that, despite Woodley getting a major payday, his contract will now only count $6.5 million against the cap in 2011, so the Steelers will have a much easier time getting under the cap of roughly $123 million as a result of this deal. Also, they’re obviously keeping Woodley, which is great news.

Woodley is getting a ton of money, but the market was set in part by the five-year, $60 million deal the Kansas City Chiefs gave star pass-rusher Tamba Hali earlier in the week.

Earlier this week, this website published a news update about the possibility of Woodley signing a long-term deal, and Woodley linked to the item on his Facebook page, adding, “Would yall like this?? lol.” It therefore seemed like he and the Steelers were pretty close on the deal. He wrote another update on Friday with a picture of him signing the contract, saying he “will retire here” and calling himself a “STEELER 4 LIFE.”

For more on the Steelers, check out Behind The Steel Curtain.

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Steelers Trying To Sign LaMarr Woodley Long-Term

Dejan Kovacevic reports that the Steelers are trying to negotiate a long-term deal with linebacker LaMarr Woodley.

Woodley declined to discuss specifics of the Steelers' approach, but, when asked if the term could be five or six years, he smiled and replied, "Hopefully, yeah. That would be nice."

Woodley currently has the Steelers' franchise tag, which means his 2011 salary is $10 million, all of which counts against the cap. If the Steelers were to sign him beyond this year, they would get a considerable amount of cap relief for 2011, which they need right now as they're dropping veterans like Max Starks, Flozell Adams and Antwaan Randle El to clear cap space. Several other Steelers, such as Ben Roethlisberger and James Harrison, have agreed to restructure their contracts. The exact details of those restructurings are not yet known, but the Steelers are probably somewhere around the cap, which is about $123 million.

Obviously, another potential benefit to re-signing Woodley is that the Steelers would have him signed for several years beyond 2011.

For more on the Steelers, check out Behind The Steel Curtain.

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