The team announced Wednesday that the All-Pro safety has signed a two-year extension that will keep Polamalu in Pittsburgh through 2016.
Including the final year of his previous contract, it's a three-year, $20 million pact that lowers his 2014 cap number from $10.8 million to $6.3 million, NFL Media Insider Ian Rapoport reported, per a source who's seen the contract.
Team president Art Rooney II recently called the ball-hawking defender "one of the great" players in franchise history and expressed hope that Polamalu would "retire a Steeler." Reworking his deal was an obvious move for an organization roughly $11.6 million over the cap.
Meanwhile, Miller's two-year extension, also through 2016, slims his 2014 cap hit from $9.5 million to $6.1 million, according to Rapoport. The dual extensions save the Steelers nearly $8 million in cap space.
With free agency less than a week away, these won't be the final tweaks out of the Steel City.