Steelers, T.J. Watt not close to extension agreement

Team and player have publicly expressed a desire to work out a third contract, one which will bring about a raise from the $21.05MM Watt is currently owed for 2025. The four-time All-Pro could move to the top of the pecking order amongst defensive players once his new pact is signed, but it remains unclear when that will take place. Surprising as a trade may be, it is also yet to be seen if Watt will indeed stay in Pittsburgh moving forward.

Mike Florio of Pro Football Talk reports Watt and the Steelers are “nowhere close” to a deal at this point. Time remains until training camp for progress to be made, of course, but the financial gap present in this case has added to the interest shown by outside teams. Suitors have reached out to Pittsburgh about a potential trade even though hammering out an extension is still the priority for general manager Omar Khan and Co.

During an appearance on 93.7 The Fan (audio link), Ray Fittipaldo of the Pittsburgh Post-Gazette confirmed Watt is currently unhappy with the nature of contract talks. At least one offer of unknown value has been submitted, and to no surprise the matter of guarantees will be a sticking point in negotiations. Fittipaldo predicted an extension will be the outcome in this situation while adding “nothing is off the table” with regard to a potential trade.

Watt led the NFL in sacks for the third time in a four-year span in 2023. His production in that respect slipped last season, one in which he still managed to top the league with six forced fumbles. At the age of 30, the Steelers will need to weigh the risks of a drop-off in play with age to a much larger extent this time around compared to their 2021 Watt investment. That deal came about after a lengthy negotiating process, and it appears the situation will not be much different this summer.

Myles Garrett leads the way with a $40MM AAV amongst edge rushers. The Steelers – a team which has done away with standard operating procedure this offseason in terms of roster moves – could wind up matching or surpassing that figure in Watt’s case. If that is to happen, however, considerable progress will need to be made over the coming weeks.