Steelers clear $11.7 million with Timmons, Woodley restructurings

On Thursday, MDS pointed out that the Steelers have begun chipping away at a $25 million cap bulge by restructuring the contracts of linebackers LaMarr Woodley and Lawrence Timmons. A league source has supplied the specifics to PFT. As to Woodley, his 2012 cap number has dropped from $11.5 million to $4.94 million, creating $6.56…