Steelers Secure Over $55 Million in Cap Flexibility with Release of OLB Preston Smith

Pittsburgh now enjoys more than $55 million in cap flexibility after releasing 32-year-old OLB Preston Smith, a decision that has also saved the team $13.4 million.

Pittsburgh, PA – February 28, 2025

In a strategic financial move, the Pittsburgh Steelers have released 32-year-old outside linebacker Preston Smith, unlocking more than $55 million in cap flexibility while saving the team $13.4 million.

Smith, who was acquired from the Green Bay Packers ahead of the 2024 trade deadline, played in eight games for the Steelers. During his stint, he recorded 13 tackles, three tackles for loss, two sacks, and one fumble recovery, contributing on the field despite limited playing time.

However, Steelers management determined that the long-term benefits of additional cap space outweighed his on-field contributions. With this decision, Pittsburgh now has significant flexibility to pursue free-agent signings and strategic roster improvements as they prepare for the upcoming season.

“While Preston brought energy and potential, we believe that freeing up cap space is essential for our long-term success,” said the Steelers’ general manager. “This move gives us the financial freedom to target key additions and build a more competitive team.”

The additional cap space is expected to play a critical role as the Steelers navigate the offseason, potentially leading to new acquisitions that could strengthen the team in crucial areas.

Fans and analysts alike are watching closely, anticipating how the extra financial wiggle room might translate into on-field improvements.

As the Steelers continue to balance competitive performance with smart financial management, this decision marks a clear commitment to both short-term success and long-term stability.