"Ike Taylor restructured his contract Friday, becoming the latest player to help the team get in compliance with the salary cap.

The Steelers had trimmed roughly $14 million in salary cap money earlier this week by restructuring the contracts of linebackers LaMarr Woodley and Lawrence Timmons and releasing cornerback Bryant McFadden and wide receiver Arnaz Battle.

Taylor, Woodley and Timmons signed long-term contracts prior to last season.

The Steelers entered the offseason about $25 million over the 2012 salary cap, and signing wide receiver Mike Wallace to a long-term contract is a priority, team president Art Rooney II said recently."