Watt's extension will pay him an average of $41 million annually, putting him ahead of Bengals receiver Ja'Marr Chase ($40.25 million) and Browns pass rusher Myles Garrett ($40 million) in terms of the highest average annual salaries among non-quarterbacks.

Following the massive deal, the updated Steelers 2025 cap space has been revealed. Courtesy of Spotrac, a trusted source of sports contract information, we now know that Watt’s 2025 cap hit is $30.4 million — and the Steelers’ available cap space sits at $25.228 million.

The Pittsburgh Steelers and star pass rusher T.J. Watt have agreed to terms on a three-year, $123 million contract extension, NFL Network Insiders Ian Rapoport and Tom Pelissero reported Thursday.