As an organization always known for being conservative, I definitely agree with you. This recent article from the Tribune-Review looks at 2 opposing viewpoints from 2 different financial analysts/professors.
One claims that they have done what most other currently do, due to the nature of the salary cap, and can make those decisions based on a year to year basis without as much downfall as the average person may think.
The other of course, calls it a viscous cycle, which is the thinking that you and I have--along with the majority of fans here.
Only time will tell why they changed their philosophy to this, and how much they are expecting their draft picks to continue their success and/or how much they expect the cap to go up in the next few years.
Over past 3 years, no one has restructured more contracts than Steelers | TribLIVE