Steelers have until 4pm to sign Bell or he plays on the franchise tag.

No matter how you slice it, there appears to be a drastic regression in output after the conclusion of a running back's forth season in the league. This is true for both the Hall of Famers & the players who fizzled out. Let's say, hypothetically of course, that Le'Veon Bell signs a contract for 4 years and puts up the average of 84 yards & 0.5 touchdowns per game over that span. Over the four years Bell will accumulate approximately 5,375 yards from scrimmage & 33 touchdowns. While it is fairly safe to assume Bell will put up more yards than this, it is also probably wise to assume he will not play all 16 games each year so we will consider it a wash.
When looking around the league, $7M to $8M seems to be roughly what teams are paying for a reliable RB1 so it makes sense that the cost roughly equals the value. So we lock him up for 4 years at $7M per year? While $7M per year is all Bell's estimated production is really worth, the harsh reality of the matter is that Bell will be paid more than that. The next question, though, is by who?
I recommend the Steelers offer Bell a 4-year deal worth $30M with incentives that could bring the deal to $44M. These incentives would basically be saying that if Bell stays relatively healthy (plays in at least 54 out of 64 possible games) and suspension free he will get the full pay day. I would also put a clause that if Bell gets caught with pot again, all guaranteed money goes away. If Bell continues to play at the pace he has, basically dressing for 3 out of 4 games, he will get paid as such. If Bell refuses this deal, I would keep the Franchise Tag on the table for 2017 and plan to draft one of many good RB prospects in the 2018 NFL Draft. If this happens, it will be sad to lose such a great player, but business decisions should never be made out of emotion.
Hope we get him locked in. Not sure where they are in negotiations but if it takes the deadline to get a deal done, lets get it done.
It seems that there are some people out there that are not fans of giving Bell the huge contract he wants. Reason being, he may only have a couple more good years left.
Production
Then it comes back to the money issue too.
And they are serious.
https://www.behindthesteelcurtain.com/2017/7/6/15932578/for-whom-will-leveon-bell-toll
Even if he plays 2017 on tag, he can still be extended.
Question is.....can they add contract language regarding the substance abuse? The CBA may preclude it. So Bonus money is guaranteed regardless. It will be interesting to see if he isn't signed what happens with his production this year.
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Oh well, at least he will have to play hard to earn that fat contract next year. Whether it's with the Steelers or not, he'll have to go balls to the wall this year. I hope he stays but if he's determined to squeeze every dollar out he can, he'll probably be somewhere else.
I disagree. He won't be going anywhere provided he doesn't have a career ending injury or screws up with weed again.