The Pittsburgh Steelers, and the rest of the NFL, were given some important information Monday afternoon when the NFL announced the official restricted free agent tender values for the upcoming 2017 season.
Per Field Yates of, ESPN:
Official restricted free agent tender values for 2017:— Field Yates (@FieldYates) March 6, 2017
1st round: $3.91M
2nd round: $2.746M
Low/original round: $1.797M
So, what does this information mean?
Well, to use the Steelers as an example, they placed an original round tender on both offensive tackle Chris Hubbard, and cornerback Ross Cockrell. Since both of them were drafted after the second round, their tender will cost the Steelers roughtly $1.8 million dollars a piece.
Pretty cheap, especially for a starter like Cockrell, all things considered.
The danger, and risk, of offering these tenders is another team can come in and try to sign them to their own team. The Steelers would have the opportunity to match the deal, but if they decide not to, they would be compensated with a draft pick. In Cockrell’s situation, it would be a 4th round selection.
Many are sweating over the fate of players like Hubbard and Cockrell, and after March 9th, when the NFL free agency period officially begins, the Steelers will have to wait and see what other teams do in regards to restricted free agents.