Roethlisberger took a $5-million pay cut, reducing his salary from $19 million to $14 million, according to NFL Network's Tom Pelissero. His new deal will reportedly include four voidable years that expire after next season and also lower his 2021 cap hit by about $15 million.
"I am grateful to be at this stage of my career and more than happy to adjust my contract in a way that best helps the team to address other players who are so vital to our success," Roethlisberger said.
Roethlisberger and the Steelers had spent the offseason so far engaged in talks regarding his future with the team. The organization was determined on reducing his cap hit but have remained confident in the veteran's skill level.
"We know that Ben can still play at a high level and do special things for this team," said general manager and vice president Kevin Colbert. "Our goal remains the same - to put together a roster that will compete for another championship. We are happy that Ben will be one of our leaders to help us accomplish that goal."
The 39-year-old led the Steelers to an AFC North title in 2020. He threw for 33 touchdowns to 10 interceptions during the campaign, but the signal-caller averaged just 6.3 yards per pass attempt.