The Pittsburgh Steelers came to terms with veteran cornerback Patrick Peterson on Monday, and he’s now set to sign his two-year, $14 million contract likely on Wednesday, the official start of the 2023 NFL league year. The details of Peterson’s contract surfaced late Monday night so with that, I can pass along the Steelers’ updated salary cap situation entering Tuesday.
Peterson, formerly of the Minnesota Vikings, will have 2023 salary cap charge of $4.225 million and that obviously will inject him into the Steelers’ Rule of 51. He’ll displace a cap charge of $870,000 in the process so that means the Steelers effectively used $3.