The wait continues around the NFL for several high-profile edge rush contract situations to be sorted out. In the case of T.J. Watt and the Steelers, it remains to be seen if an extension agreement can be reached before Week 1. 
Watt has drawn trade interest from suitors, but even though the Steelers are evaluating his value the pending 2026 free agent is widely expected to stay in Pittsburgh for at least one more season. Ensuring his future beyond that point will require another lucrative investment on the team’s part, with Watt a strong candidate to once again reset the pass rush market. A clearer picture of his asking price seems to have emerged.
During Monday’s episode of Kaboly+Mack (video link), Mark Kaboly of the Pat McAfee Show laid out the parameters of what he is “pretty sure” Watt is seeking. Per Kaboly, the former Defensive Player of the Year is angling for a five-year contract with the first four years guaranteed at an average annual value higher than Myles Garrett‘s $40MM. Topping Garrett’s mark in terms of per-year compensation has long been expected, but a commitment of that length by the Steelers would certainly be notable.
As evidenced by the fact an agreement is still not in place, the Steelers are not – at least for now – willing to go to those lengths to retain Watt on a third contract. Entering his age-31 season, the seven-time Pro Bowler naturally faces questions about his ability to remain among the league’s top pass rushers over the course of his next deal. Watt’s level of play late in the 2024 campaign is believed to be a cause for concern from the team’s perspective, and projecting his production over the coming years will be key for general manager Omar Khan in arriving at an agreement in this case.
Deviating from standard organizational procedure in a number of ways, Khan has taken a different roster-building approach in some respects than predecessor Kevin Colbert. 2025 in particular has seen the Steelers make notable win-now moves like the Aaron Rodgers signing and the trade acquisition of Jalen Ramsey and Jonnu Smith. Pittsburgh’s chances of making a postseason run would be greatly hindered by trading Watt, and the team’s 1-10 record in games without him certainly helps the four-time All-Pro’s leverage in negotiations.
Steelers players are set to report to training camp on July 23, which marks a somewhat notable checkpoint in this process. A holdout would come as a surprise given the fact it would lead to mandatory fines, although some view Watt as the likeliest player engaged in extension talks to take that route. During negotiations on his second Steelers pact, the three-time sack leader opted to hold in and it would come as no surprise if he did the same this time around.
Garrett’s four-year, $160MM Browns extension (which contains just under $124MM in total guarantees and roughly $89MM locked in at signing) still represents the bar for edge rushers at this point, but Micah Parsons is among the players who could sign a larger deal before Week 1. Watt is in a similar situation despite the age gap between he and Parsons, leaving plenty to be determined over the coming weeks. It will be interesting to see if the Steelers find a middle ground between their valuation and his asking price in time for the start of the season.