Allen's deal totals out at $1.2925 million, with a minimum base salary of $1.125 million and a signing bonus of $167,500, making it a veteran benefit contract.
Only $985,000 of Allen's base salary impacts the Steelers' 2024 salary cap, with his full signing bonus counting against the cap, resulting in a $1.1525 million cap charge for 2024.
The Steelers effectively used $237,500 of available salary cap space to sign Allen, displacing a player with a $915,000 salary.
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