The Steelers took care of the biggest piece of business that needed to get done, signing T.J. Watt to a contract extension on Thursday that gave him the highest average annual value for any non-quarterback in NFL history.

So, is that it? Was this the last big move by Omar Khan for 2025? Or is there another move to be made? And, if there is, can the team afford it?

Getting Watt signed to an extension prior to the start of training camp is huge for the Steelers. When players report to Saint Vincent College in Latrobe, Pa., next Wednesday, all major distractions will be gone. The focus can be on football and nothing else.

Well, almost.

There will still be talk about adding a WR2-type to the roster. No, this likely won't be the kind of pursuit that constantly stole headlines during last year's training camp. Remember? The never-ending saga of whether or not the Steelers would trade for 49ers wideout Brandon Aiyuk?

Yeah, not this time. My conversations with those on the inside since all of that went down very much indicated that they won't engage in anything close to that. Not even when yet another 49ers receiver, Jauan Jennings, just so happens to be seeking a new contract or wants to be traded.

Based on everything I've heard, the Steelers still want to add another receiver. And yes, it would most likely be the type of receiver that would complement DK Metcalf, not pair him with another true No. 1 type. Get the Terry McLaurin pipe dream out of your minds, folks.

Among the candidates, Khan has checked in with teams about anybody with a pulse that could possibly be available. The Steelers also haven't closed the door on Gabe Davis, who left the South Side after a visit in mid-June without a contract. Davis is coming off a torn meniscus in late 2024, and the Steelers weren't prepared to offer him a contract when he left the building. However, that doesn't mean the team won't give it a month or two and circle back to him when his knee is potentially in better shape.

Regardless of who the Steelers might target, of all potential options out there, assuming he's even available, Chris Olave would have the highest 2025 cap hit at $6.13 million. Trading for the likes of Romeo Doubs or Jauan Jennings would be affordable for 2025, but would come with the caveat of potentially working out an extension as both receivers are going into the final year of their current contracts.

Can the Steelers afford to do this? Very much, yes, they can. According to Spotrac, the Steelers currently have $32.28 million in cap space in 2025. That includes final contract numbers for the newest players, Jalen Ramsey and Jonnu Smith. Now, $7-8 million of that $32.28 million has to has to be earmarked for operating space during the season because every dollar is accounted for. Players get injured and their spots have to be filled. Thus, more money being spent. So, the Steelers really have about $24 million to work with. That's still plenty of room to add another receiver.

As far as future seasons, according to Spotrac, the Steelers have $45.56 million in space in 2026. While Watt's cap hit grows to $42 million in each of 2026 and 2027, the Steelers don't have that much more to add to the roster. The biggest piece they'll need is at quarterback, and if it's a first-round draft pick, that figure will fit in very well underneath that amount. Plus, all of the big contracts are structured to be restructured down the road as the team gets better ideas of how the salary cap is going to grow.

On that note, the 2026 cap space figure above is based on a projection of the NFL's salary cap. The past two years, the cap number has grown beyond expectations because of how fast the league is growing. And, we don't know how much the Steelers will roll over from this season, and we won't know that until the season is over.

For 2025, the Steelers are in a very good position to keep adding if they want to. The Watt extension, regardless of it having a record-breaking AAV, doesn't prohibit that.