Highsmith and the Steelers agreed Wednesday to restructure his contract and create roughly $7 million in cap space, Ian Rapoport of NFL Network reports.
Highsmith tallied 57 tackles (34 solo), including seven sacks, along with two interceptions, three pass defenses, two forced fumbles and a touchdown over 17 games during the 2023 season.
Highsmith recorded one tackle (a sack) and picked off a pass Saturday in a 34-11 victory over the Bengals.
The Steelers announced Thursday that Highsmith has cleared concussion protocol and won't have an injury designation for Saturday's game against the Colts.
Highsmith (concussion) was a limited participant in Tuesday's practice, Teresa Varley of the Steelers' official site reports.
Ian Rapoport of NFL Network reports Friday that Highsmith has entered the NFL's concussion protocol following Thursday's 21-18 loss to the Patriots.
Highsmith recorded eight tackles (five solo), including 1.5 sacks, in Sunday's 24-10 loss versus the Cardinals.
Highsmith recorded four tackles and two sacks in Thursday's 20-16 win over the Titans.
Highsmith (groin) is active Sunday against the Ravens, Mike DeFabo of The Athletic reports.
Highsmith (groin) should play Sunday against the Ravens despite his questionable tag, Ian Rapoport of NFL Network reports.