Kodiak. wrote: ↑Fri May 19, 2023 4:12 am
I liked several deal Khan did out of the gate but this one doesn't make any sense. And so much for the idea that they were making his contract cheaper to make him more tradeable to a team that loses its starter.
We don't know the specifics yet but I would not be surprised if Mitch and his agent have a no trade clause, or at least they have to approve of the team being traded to. Like you don't want to do an extension and then find the Steelers have traded you to a team that went 3-14.
It looks to me that they took his $ 8 million base salary turned it into a signing bonus, and then added $11.3 million in new money.
And Kodiak, why wouldn't this contract be favorable for a team desperate for a starting QB? The Steelers are on the hook for the signing bonus, the team that trades for Mitch would only be on the hook for $1.3 million in 2023, $5 million in 2024 and $5 million in 2025.
A team trading for Mitch would only be paying him a 3 year, $11.3 million contract, that is an average of $3.75 million. Now yeah, if he has incentives then the team would have to pay for those, but if he meets those, is playing 75% of the snaps, makes a pro bowl, etc, a team really shouldn't complain about that, right?
Kahn Artist strikes again, this contract keeps Mitch in the fold as a high end backup QB, AND also makes Mitch very attractive to a team looking for a starter if injury strikes because he isn't a one year rental but is under contract for 3 years and if they were to look at him as just a one year rental they only have to pay him $1.3 million for 2023 and then could cut him in the offseason.
Kahn is on a higher level so far, just making brilliant moves left and right. Say a team, a playoff team loses there starting QB after the second preseason game, they have a coach and GM that are on the hot seat, they must win games or be fired after the season. They call Kahn and say hey would you be interested in trading Mitch? Kahn says yeah, under the right compensation, we really like him, we would have to be overwhelmed, like a 2nd round pick. The team may be offput by that at first, but then Kahn says, listen, you only have to pay him $1.3 million for 2023 and he is under contract for 3 years. I can see teams finding that very attractive. Any incentives that he may meet during the season, that bill doesn't come due until the offseason.
Before the Steelers did this extension with Mitch, a team trading for him would have had to pay him an $8 million base salary and then performance incentive on top of that. Honestly, we are watching state-of-the-art GM Kahn Artistry at its finest.