Steelers New S Mike Mitchell Given Only $5.25 Million Guaranteed

The Pittsburgh Steelers came to terms with Carolina Panthers unrestricted free agent safety Mike Mitchell on a five-year, $25 million contract on Tuesday and now we are getting an idea of how the real numbers in the deal look.

According to Aaron Wilson of the Baltimore Sun on Twitter, Mitchell received $5.25 million guaranteed in the deal of which $4.75 million was a signing bonus.

Mitchell’s base salaries will be $750,000, $2 million, $5 million, $5 million and $5 million over the course of the five years and that means his 2014 cap charge will be a meager $2.2 million if there is some sort of 500,000 roster or workout bonus included in 2014 as that would total the deal out at $25 million.

Mitchell’s cap charge in 2015 will be $2.95 million and the final three years of the deal will carry each carry cap charges of $5.95 million.

UPDATE: Tom Pelissero of USA Today reports that Mitchell’s 5-year, $25 million deal includes a $2 million roster bonus due on the 5th day of 2015 league year and according to the previous report by Wilson, this would potentially increase Mitchell’s 2015 cap charge up to $4.95 million if all numbers are being correctly reported.

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  • steeltown

    Ha awesome!!!

  • http://thereactionblog.com Michael Stickings

    Then what looked like a good signing becomes a really very good signing. So much upside here at relatively little long-term cost. Just compare this to the outrageous sum Byrd was able to pull in. I realize Mitchell isn’t Byrd, but we’re getting much greater value, I think, much more bang for the buck.

    Very nicely done, Colbert et al.

  • dkoy85

    Almost unfair! Great move and thanks for the update! More money to spend on a CB or possibly Finley.

  • SteelerDave

    Very favorable numbers indeed. Now work out long term with Worilds and restructure Timmons and we would have the cap space to sign Verner.

  • cp72

    If Woods signs with Tennessee we better sign a couple d-lineman. In my humble opinion this might be our biggest hole to fill and to be honest nothing on the free agent market really excites me.

  • dkoy85

    I agree. The more I think about it the bigger the hole seems to get… especially if Woods leaves.

  • dkoy85

    He signed with Tampa Bay

  • Kenneth Wilt

    As you can see from DKoy85’s reply that isn’t going to happen, but now we can focus on the Dline and LB core some. Maybe CBs as well although my gut says we go draft at that position.

  • Tullydew

    Wow….this deal keeps getting better. I was expecting about 10 million in guaranteed money.

  • Derick L Young

    Finley lol

  • Aric Brown

    What about Owen Daniels?

  • Derick L Young

    they should draft C.J. Fiedorowicz and call it a day

  • Derick L Young

    resign the beard, drat Nix and Brent Urban and that helps the D line while being cap strapped and having so many needs. JMO

  • dkoy85

    I like Daniels but he is getting up there in age and is coming off a broken leg. I was thinking Finley because he is younger so we could get more out of him and more explosive. I wouldn’t complain if they get Daniels at the right price though.

  • Chad H

    Nice deal. Wasn’t a huge fan of Dix or Pryor in the first.
    Now the focus can move for the first round and I hope some team will trade up to our pick so we can add picks in the second and third rounds. There will be great value with several positions in those rounds.
    Good job Steelers!

  • Biggie

    Really like this deal even more. I think Mitchell is just now hitting his stride and is going to get better and better, but should he not we have solid depth now with Thomas and W. Allen and with that low guaranteed a great signing. Can now focus on front 7 and cb.

  • T R

    daniels seems to have been marked that he failed his physical..

  • RMSteeler

    Good deal for both the team and Mitchell. He’s got to be ecstatic after outperforming his one year, $1Million dollar deal last year.

  • 20Stoney

    I really think Keisel could be a nice short term depth option at the vet minimum. He brings leadership and I think he can still play….. just not the amount of snaps that are required for a starter.

  • Jollyrob68

    I want woods & Hood, move on from Keisel

  • Toddy Bravo

    As others have said, this now opens up the draft for other positions, e.g., CB, WR and D-line. I sincerely hope we address them in the draft in that order.

    1) Dennard or Gilbert
    2) Jordan Mathews, Davante Adams or Donte Moncrief,
    3) (comp pick) Best NT available (+ resign Al Woods)

  • westcoasteeler

    I have the same hope. Especially in this years draft. We’ll most likely get two comp picks, but I expect the nfl to take a pick from us because of Tomlins size 12’s. Heaven forbid them from taking any kind of pick before rd 5. So a couple more 2nd and 3rd Rd picks will be important.

  • Chad H

    I don’t think we can lose a pick since the Ravens took themselves out of the playoffs.

  • steeltown

    Im hoping the ref screw up(s) in the San Diego game, that kept us out of the playoffs, is consider an eye for an eye

  • Ike Evans

    I was thinking the same ad far as the draft if dennard/gilbert/mike Evans are gone….ppl have them taking ebron….shit, I have them taking hageman or kony ealy

  • Ike Evans

    Yea man I agree….ppl are so stuck on ebron like he’s the only TE…he can’t even block

  • Shannon Stephenson

    Thanks for clearing that up Dave…I was one that looked at that contract and thought it maybe much but the way it was structured the Steelers win again…Omar Khan is our best player on this team!!!

  • James Kling

    Great deal for a guy who could add a lot to the secondary’s speed. Might have caught the right guy, right time, right price.

  • westcoasteeler

    The NFL is always looking for an ‘example’. I don’t trust ‘em.
    I’m now hoping Chads correct. He’s exactly right, it should be over. But, it’ll come back as a story around draft time.

  • Shannon Stephenson

    Pettigrew would be interesting as well.

  • 20Stoney

    I prefer Woods and Hood, but the question may become at what price?? I still see Keisel is a viable option if they aren’t.

  • Derick L Young

    I don’t think they will take a draft pick away for that.

  • Derick L Young

    the d line is tricky, can’t just draft any player. Need to play NT or 5 tech DE. McCullers from Tenn maybe. 3rd-4th round guy.

  • AndyR34

    And to think…not so long ago there were people on this site advocating that we would be better off if Omar went to the Phins since he was always getting us into “cap hell” LOL…fools!

  • shawn

    lets wait and see his play … the signing is not cheap or a good deal by any means … i dont understand the point the article is making … what the deal does do is give us an easy not so painful escape clause … if they decide it wasn’t such a good signing … otherwise i have to say they did “OverPay” for this guy .. but if they really like what they saw and are extremely confident in his play then it is a fair deal at best … NO WAY did we get a bargain as suggested !

  • shawn

    i dont see why everyone has to be such a homer on here … how is this such a great deal ?? I am hopeful his last season is indicative of his future play, but I’m not going to jump on the band wagon and say this is a great deal & signing !

  • steeltown

    This is a really good signing, in a year or two if for some reason it doesn’t pan out so be it, but the deal itself is very beneficial in terms of money spent and projected talent. This kid can play. He has size, speed, versatility and youth.

  • shawn

    Are u judging his play by what u have seen ?? (would be more confident if you were really familiar with him and are confident of his play… would like to hear !) I am not familiar with this guy, I’m judging solely by that he was drafted as a reach by the raiders … (they are very poor at drafting DBs in my opinion) … and his lack of performance his first 4 years … (lack of ints, PD, and FF & couldn’t even break into a solid starter with the lowly raiders)

    still stand by the contract though … the FO obviously signed the guy to be our next FS for the next few yrs … and by that they are saying they are confident that he is going to succeed and if he surely does he WILL get his 5 mil/year … that isn’t cheap it just isn’t !! if he plays well then yes it is fair, but ill say it again not a cheap signing and anyone that thinks so has got some problems with numbers !

  • steeltown

    He played behind Tyvon Branch and former 1st Rder Michael Huff in OAK, but even as a depth guy he produced when on the field. Last year with Carolina speaks for itself.
    When you sign a player, a lot of the thinking that goes into it is trying to project his future production. Like mentioned this kid has size, speed and youth, he’s played SS and FS, he’s a hard hitter and his 2013 stats (4sacks, 4INTs, 9PDs, 2FF) are something we have been lacking at the FS position. Clark could never put up numbers like that. Again, its a projection of his future production, not to mention the first two yrs his base salary and cap are low, we’ll know by then if he’s our guy

  • shawn

    I completely agree about future production … but why couldn’t they have done that with Worilds before after his 5 sack season … or KL so its hard for me to swallow that pill with the FO … those guys u mentioned above were not very standout players thats why i was a little worried … but would love to hear from someone that really knows the guy well and is confident of what he has seen !!

    I hope he does stick and produces like he did in Carolina that would put him on about 5mil a year or at least in the ball park … if his numbers go above or below that will likely dictate if this ends up being a good or bad deal !

  • steeltown

    My thinking on Worilds is, they were banking on Woodley coming in and staying healthy and turning it around and then of course they drafted Jones, again another situation where a good player was sitting behind full time starters, Huff and Branch were pretty solid for OAK from ’09-’12

    The only number that matters is the $5.75MIL guaranteed, which is very Team friendly.. if he doesn’t pan out there isn’t a huge cap or dead money ramification

    My monies on him panning out.

  • shawn

    panning out means he gets the 25 mil … to be honest the most likely scenario 50% is that he pans out just enough to be a starter but doesn’t produce the numbers he did in carolina so we end up paying too much for him, but keep him… other scenario he sux let him go lose 5 plus mil … again we don’t win … the ONLY scenario that we do WIN is that he pans out with on par or Above last years numbers which i put at lower than 25% on coming to fruition ..so … thats my thinking on if this was a calculated good signing !!

    I understand your thinking on the Woodley & Worilds scenario … but dont u think Worilds could have been locked up early at very low numbers to be a good swing OLB and our top guy if an injury comes up (which obviously comes up with us a lot ) … i personally think thats why they should have locked him up early !!

  • Shannon Stephenson

    He is only going to make 2.2M this year…if he suxs he will not be a big cap hit but if he turns out to be a beast we got a good player for good money. Mitchell will decide whether or not he is going to make the big money.

  • shawn

    isn’t that 3.2mil ? 2 bonus + 1.2 pay …

    regardless this is how u should look at it … if he pans out he’s getting 5 mil regardless which isn’t cheap .. if he doesnt pan out he still got his 5mil plus a year ..

    only scenario we win is if he pans out and performs ABOVE his play last year in Carolina and is a beast .. .thats the ONLY scenario that we won on this contract and that is the way it should be looked at !!

  • Shannon Stephenson

    His first year is only a 750k base salary plus a 5M signing bonus spread over 5 years. If he does not pan out we still have to pay him the remainder of the signing bonus but that will only be a around a 1M cap hit a year…it isnt much of a hit if it doesnt work out.

  • shawn

    i think they said 2 mil bonus the first yr … anyways … if he doesnt pan out its irrelevant if he does they paid him 25 mil not very hard to understand !

  • Shannon Stephenson

    Do you think if he pans out and is a decent starter for us is a average of 5M too much?

  • Jazz

    Guranteed Money. This deals makes perfect sense; they guranteed him $5.25M, paid him $4M of that in the form of a signing bonus already. He will only count $2.2M against the Cap this year. If he doesn’t work out with the team, release him in two yrs and he’s off the books. It gives the team some room to wiggle this year and in 2015. I think it’s a great yet smart deal. Take a look at some of the other notable safeties that were signed yesterday, they got anywhere between $15-25M guranteed.

  • shawn

    decent starter …ya too much … on the other hand if he puts in the numbers or above that he did in Carolina i would be fine with it … wouldnt be ecstatic unless he turned in almost pro bowl quality

    Looking into his play last year and take away the Minn game and he has only 2 int all year long and not much production at all over the last 10 games … more i think about it the more i think it was a bum signing

    people saying he was a back up and didnt get a chance to see the field enough in Oak and that was why he had no plays those 4 years … i COMPLETELY disagree … looking at his numbers (tackles) he got to see the field PLENTY with the raiders … he just didnt show much … Cortez showed a heck of a lot more in less playing time than Mitchell did in Oak … not overly optimistic sorry !

  • shawn

    First he was not a NOTABLE safety .. barely ranked in the top 100 FA … he has almost zero production over the last 5 years … and contrary to what is being posted he got plenty of playing time in Oak … (look at his tackles)

    The way it breaks down is if he pans out yes he gets the full 25 mil … if it doesnt pan out he was a bad pick up and the move is irrelevant … not very hard to understand !

  • Shannon Stephenson

    I think the pick up is questionable as well thats why when I first heard of the contract I was disturbed but once I saw the breakdown I could live with it. It was actually done very well to minimize risk. Last year was Clarks largest paycheck and he received 4.7M so the first 2 season he will receive much less then that and if he doesnt perform we can get out of the contract with little loss

  • shawn

    Ya … but that is the PROBLEM with all this speculation … EVERYONE is looking at it doesnt cost much if it doesnt work out … U really want to go into a signing looking at it failing ??? not a very winning attitude .. the complete wrong way to look at it !

  • Shannon Stephenson

    Nothing is guaranteed…we could have signed Byrd and he gets a knee injury similar to what Spence did and it ends his career. I do agree with you that this signing isn’t a winning philosophy…that was a good point