MyCole Pruitt, a free agent tight end, was signed by the Pittsburgh Steelers to a one-year contract last week. The financial terms of the signing were made public on Tuesday morning after being submitted to the NFLPA.
As anticipated, Pruitt is getting a veteran’s benefit package worth a meager $1.26 million. It consists of a $1.21 million basic pay with a potential $50,000 roster bonus. The agreement has no financial guarantees, and there is no signing bonus.
Only $985,000 of Pruitt’s basic pay will be deducted from the Steelers’ 2024 salary ceiling since his deal is a veteran benefit contract. For a player with at least two credited seasons in the NFL, it is the minimum payout. The $50,000 potential roster bonus will also be deducted from the cap because it is anticipated to be received.
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With his cap charge, Pruitt enters the Steelers’ Rule 51 and replaces a player making $915,000. This indicates that in order to sign Pruitt, the Steelers essentially utilized $120,000 of their available salary cap space.
The Minnesota Vikings picked Pruitt, 32, out of Southern Illinois in the fifth round of the 2015 NFL Draft. Since then, he has played for the Atlanta Falcons, Tennessee Titans, Houston Texans, and Chicago Bears. Pruitt has caught 71 passes for 748 yards and 12 touchdowns on 96 targets in the NFL over his career. To date, he has participated in 109 NFL games.
The Steelers are presently $12,075,998 under the limit with their 2024 Rule of 51 number following Pruitt’s signing.
