Steelers, Ward reach multiyear agreement
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The Steelers and Hines Ward have come to a contract agreement that his agent said today will be either for four or five years.
The deal comes days after Ward said he wanted to retire as a Steeler.
Eugene Parker, Ward's agent, acknowledged that the new contract will do just that. He said that Ward had not yet signed the deal and it still was not yet determined whether it will be four or five years.
Parker also said that the deal was done in part so the Steelers could save salary cap room this year. Ward was scheduled to earn $5.8 million in salary with a cap number of $8.55 million.
The new contract reduces his salary this season and provides Ward with a signing bonus that will be pro-rated over the five years of the contract, saving the team the much-needed room under the cap.
First Published April 25, 2009 4:31 pm