NFL Network’s Ian Rapoport reported on March 17 that the Pittsburgh Steelers were signing fullback Derek Watt to a contract. The Steelers made it official today, signing Watt to a three-year contract.
We have signed FB Derek Watt to a three-year contract.@BordasLaw TRANSACTION: https://t.co/KYhjPZqlAC pic.twitter.com/dRF7KnCHET
— Pittsburgh Steelers (@steelers) March 25, 2020
According to Spotrac, the terms of the agreement are three years/$9.75 million. The contract includes a $3.25 million signing bonus and an average annual salary of $3.25 million (all guaranteed). Watt will earn a base salary of $1 million while carrying a cap hit of $2.08 million and a dead cap value of $3.25 million.
The Steelers now have two sets of brothers on the roster — Watt and his brother T.J. and the Edmunds, safety Terrell and running back Trey.