Taylor has been a solid player over the years for the Steelers, averaging over ten passes defensed a season for the last nine years.
2013 was the first season since his rookie year though that he didn't collect an interception, something which may have sparked talks of a restructured contract.
The 33-year-old certainly isn't getting any quicker, but now that the Steelers have him on a deal that suits them a little more, they can benefit from his experience at a cheaper price.
Taylor has always been loyal to the Steelers throughout his career as he has passed up opportunities to go to other NFL franchises.
According to the corner, playing at Pittsburgh for life was one of the reasons for his willingness to negotiate a deal.
Tweeting today he explained, "The INK is about to dry on this paper...im a LIFER...#6BURGHfoalldemhatas...will retire as a ROONEY and a LEBEAU…✌️."