As expected, Wright's one-year contract with the Steelers is the minimum for a player with three credited seasons. That base amount is $1.055 million. Wright did not receive a signing bonus as part of the deal and thus there is no guaranteed money in the contract.
With Wright's 2024 salary cap charge set at $1.055 million, it enters the Steelers Rule of 51 amount and displaced a player's salary of $985,000 in the process. This results in the Steelers using $70,000 of the 2024 salary cap space to sign Wright.
After Wright's signing, the Steelers are now $12,005,998 under the salary cap with less than two weeks remaining before the start of the 2024 NFL Draft.
Wright will serve as the backup to veteran K Chris Boswell, being familiar with the team due to several stints, including filling in for an injured Boswell in 2022.
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