For that, you have to give the guy some credit. (He chose to negotiate the shorter deal too.). Covering the impact of coronavirus on the sports world. We can probably all agree that $70 million is a lot of money, but apparently, it wasn't enough to get Le'Veon Bell to sign a new deal in Pittsburgh. CBS Sports is a registered trademark of CBS Broadcasting Inc. is a registered trademark of CBS Interactive Inc. site: media | arena: nfl | pageType: stories | One other reason Bell might have turned the deal down is because it apparently wasn't loaded with any substantial guarantees. © 2020 ABG-SI LLC. The team would be left with an unspecified amount of dead cap space for 2019, and Bell would walk away with less money than what he was guaranteed to make with the franchise tag and nowhere near the deal’s $70 million possibility. Le'Veon Bell signed a 4 year, $52,500,000 contract with the New York Jets, including a $8,000,000 signing bonus, $27,000,000 guaranteed, and an average annual salary of $13,125,000. Le'Veon Bell was seeking a contract worth $15 million per year from the Steelers. SPORTS ILLUSTRATED is a registered trademark of ABG-SI LLC. It’s a risk, but a move that makes a lot of sense for some teams. The average annual value has become a popular way of talking about deals. ET deadline for teams to negotiate a new contract with their franchise player. Then, there’s injury guarantees, guaranteed salary if the player’s on the roster at a certain date, and other mechanisms that mostly let teams have the final determination about the money that’s actually guaranteed for a player. Even if Bell becomes a free agent next season, which is a near certainty at this point, it's no lock that a team is going to pay him the $17 million he wants. Everything you need to know about Le’Veon Bell’s breakup with the Steelers, 4 teams that could make a run at Le’Veon Bell, Le’Veon Bell is already threatening to retire if the Steelers give him another franchise tag, The gore, guts and horror of an NFL fumble pile, The best of Lamar Jackson’s jukes, spins and stiff-arms, I understand why Andrew Luck retired, because I’ve been in his shoes, 10 unwritten rules to not screw up your NFL jersey number, The never-before-revealed details of the Eli Manning draft-day trade. The 4 p.m. deadline for franchise-tagged players and teams to reach a long-term deal passes with no new contract for Bell. “I was so close,” Bell admits now. Would you rather have that or a deal that only guarantees you $10 million? He would’ve made $33M over the 1st two years — in a rolling guaranteed structure. The team would tag him for a second consecutive season, this time at $14.5 million, but Bell says they told him that day they’d get a long-term deal done. Had Bell signed that five-year, $70 million deal with the Steelers, it’s unlikely he would have seen it reach its natural terminus. More context today: The fully guaranteed part was his signing bonus of just over $10M. All Rights Reserved. Check out our Steelers blog Behind the Steel Curtain! According to, the Steelers made one final offer to Bell on Monday, just hours before the NFL's 4 p.m. Bell later explained that he wanted to have a salary that rivaled that of receivers, hoping to set up younger star running backs for larger paydays. Five years and $70 million sounded too good to be true. When the Steelers eventually made an opening bid well below what Bell was looking for, he told Bakari to counter by asking for $17 million per season. Derrick Henry’s brutal running style made him an NFL star on his own terms. Derrick Henry is a throwback to when running backs were as important as QBs. Either way, 2018 will almost certainly mark Bell's final season in Pittsburgh.
Le’Veon Bell is locked into a one-year, $14.544 million contract with the Pittsburgh Steelers. The running back market has been spiraling downward over the past few years, which is why it's somewhat surprising Bell turned down the Steelers offer. Bell’s situation leaned heavily on guaranteed money at signing.
The Steelers’ offer, with the potential of $33 million over the first two years of the year, was only about a million dollars more than what he’d make if he got tagged this year and next. Then, he says, the day after a playoff loss to the Jaguars in January ’18, Steelers general manager Kevin Colbert and coach Mike Tomlin pulled him into an office alone. As for the final two years of the deal, it seems that Bell had no guaranteed money. The deadline for signing an extension may well have long since passed, but that has not stopped the talk about the contract offer Le’Veon Bell turned down from the Pittsburgh Steelers… Pittsburgh’s final offer, Bell says, fell short: five years, $70 million—$14 million per, with the only fully guaranteed money being a $10 million signing bonus.