Watt gets paid

[Confluence]

roughly they have nearly 150,000,000 tied up in escrow for player guarantees currently through 2027. It is manageable but it most definitely affects their budgeting. If they had a franchise QB on a non rookie contract the math would be far different. It is a real part of the reason they would lose out on players in free agency when we had Ben. They are far better at managing it than idiot teams like the Bungles but don't think for a second it doesn't matter particularly compared to deep pocket owners.

What was the team's after tax revenue for each of the past several years?

It should be reasonable to keep a certain percentage of that each year in a fund/escrow that essentially is a prepayment that player....so TJ'S escrow sits there for the next several seasons, providing the Steelers with those same funds to pay him that they had already socked away.....its a prepaid expense that might seem unreasonable in many businesses, but not the NFL, the richest sports entertainment organization in history.

If this really was a problem, any team could bring in a minority partner for few hundred million $$$, or under 10%, and setup this mechanism, if they had been so greedy as to fully distribute all available cash from the previous several years.

You could get AI to use Packers public disclosures on revs and expenses and simply scale that up a bit for the Steelers to get a picture.

 

[diver]

You don't have to explain yourself to people or defend yourself against singular opinion. We've all known you for a very long time, younger voices tend to be louder but all the hollower.

Where I make a mistake though since I am older is forgetting the passion. I enjoy Steeler football and talking about it, but if they lose or I miss a game, no big deal. And that isn't for any other reason than age and perspective, I have no axe to grind. But I do remember being young, money is tight, the job is tough, the pressure of all that and raising a family...the Steelers were a 3 hour escape from that. They HAD to win, and I would be livid when they didn't. I have to be more aware of that.

 

[Badcat]

Where I make a mistake though since I am older is forgetting the passion. I enjoy Steeler football and talking about it, but if they lose or I miss a game, no big deal. And that isn't for any other reason than age and perspective, I have no axe to grind. But I do remember being young, money is tight, the job is tough, the pressure of all that and raising a family...the Steelers were a 3 hour escape from that. They HAD to win, and I would be livid when they didn't. I have to be more aware of that.

I hear ya brother...I'm right there with you. My family bought me tear apart dolls and a "bad call brick" made of a spongey material after I threw a tantrum and subsequently, threw a bottle of Gatorade at the TV (the old square ones in the 90's) and worried my wife that I was going to break the screen. Today, if they lose, I just laugh at the dumpster fire and look forward to the comments of Steeler Nation.

 

[SteelerInLebanon]

What was the team's after tax revenue for each of the past several years?

It should be reasonable to keep a certain percentage of that each year in a fund/escrow that essentially is a prepayment that player....so TJ'S escrow sits there for the next several seasons, providing the Steelers with those same funds to pay him that they had already socked away.....its a prepaid expense that might seem unreasonable in many businesses, but not the NFL, the richest sports entertainment organization in history.

If this really was a problem, any team could bring in a minority partner for few hundred million $$$, or under 10%, and setup this mechanism, if they had been so greedy as to fully distribute all available cash from the previous several years.

You could get AI to use Packers public disclosures on revs and expenses and simply scale that up a bit for the Steelers to get a picture.

It isn't just TJ, all guarantees are held in escrow. As I said we manage it well, the Bengals not as well and they have less cash. I am simply saying it is an issue if not a problem, just like the cap it is something that has to be managed and considered when doing contracts. As you said it is one of the reasons we bring in minority owners.

We see with the Bengals what can happen as they are more cash strapped and put out huge outlays to just 3 players. Now they are struggling to sign their best defender and draft pick.

 

[SteelerInLebanon]

I hear ya brother...I'm right there with you. My family bought me tear apart dolls and a "bad call brick" made of a spongey material after I threw a tantrum and subsequently, threw a bottle of Gatorade at the TV (the old square ones in the 90's) and worried my wife that I was going to break the screen. Today, if they lose, I just laugh at the dumpster fire and look forward to the comments of Steeler Nation.

That used to be me. remotes were an endangered species. Now I just get online here and vent.

 

[diver]

I hear ya brother...I'm right there with you. My family bought me tear apart dolls and a "bad call brick" made of a spongey material after I threw a tantrum and subsequently, threw a bottle of Gatorade at the TV (the old square ones in the 90's) and worried my wife that I was going to break the screen. Today, if they lose, I just laugh at the dumpster fire and look forward to the comments of Steeler Nation.

My last true meltdown was over 20 years ago when they lost to the Titans in the playoffs when their kicker Nedney did the little dance and spin and got the roughing call. It had snowed, snow shovels, sleds and porch furniture were on the front porch. It all ended up in the front yard or street. Lights were going on all over the neighborhood. I felt like the asss I was, and pretty much settled down a lot after that.

 

[SteelerInLebanon]

My last true meltdown was over 20 years ago when they lost to the Titans in the playoffs when their kicker Nedney did the little dance and spin and got the roughing call. It had snowed, snow shovels, sleds and porch furniture were on the front porch. It all ended up in the front yard or street. Lights were going on all over the neighborhood. I felt like the asss I was, and pretty much settled down a lot after that.

That was the last playoff game I missed. I was working at an event at the arena in Nashville when it happened. Saw it on TVs there. Everyone knew I was a Steelers fan and gave me endless grief.