Based on what we've seen, the Steelers are a bad team right now. They struggled to beat the Jets who the Bills demolished today. That is a barometer for where this team is at.
Consistent problems year after year and a bunch of hot air talking about change from Tomlin. There's no change, it's the same story every year.
Regarding Watt, he's being paid too much for his production right now. However, it's back pay for how much he's covered for this defense. Just like Ben in his prime, it's very clear now how much Watt playing like a superhero is what helped propel the Steelers to all those wins when the defense was good. He's not dominant right now and the defense blows.
I think there's a good balance of young and old talent on the team, but the young talent either doesn't develop or regresses after a season. The coaching staff just cannot get it done anymore and it's so far beyond time to make a change.