Breaking: Steelers Trade For Broncos LB Malik Reed (Update)

The Pittsburgh Steelers have traded for Denver Broncos OLB Mailk Reed, ESPN’s Adam Schefter reports in a tweet sent out moments ago. Per Schefter, the deal is for late-round compensation.

Update (12:30 PM): The Steelers are sending a 2023 6th round pick for Reed and a 7th round selection.

Reed, 26, recorded five sacks for the Broncos last year. His best season came in 2020 with eight sacks. He’ll serve as veteran depth behind TJ Watt and Alex Highsmith. Pittsburgh was woefully thin at outside linebacker depth after releasing Genard Avery when they trimmed their roster from 85 to 80 last week.

Undrafted out of Nevada in 2019, Reed signed with the Broncos and climbed his way up the depth chart. Coming out of college, he weighed in at 6012, 234 pounds, running just a 4.85 40 but impressing with a 6.89 three-cone. After seeing extensive time on special teams as a rookie, he worked into the defensive rotation, playing nearly 800 snaps each of the last two years.

Reed figures to slot in as the #3 outside linebacker on this team. The fourth spot is still up for grabs but is most likely to go to Derrek Tuszka, a solid special teamer. This is the first trade new GM Omar Khan has made.

A restricted free agent who signed his tender earlier this offseason, Reed’s base salary is $2.43 million. We’ll update this post when the exact compensation is known.

DC Teryl Austin was evidently speaking to the media as this trade was announced. He did not confirm the deal but noted the importance of quality OLB depth, per The Trib’s Chris Adamski.

Reed strip-sacked Ben Roethlisberger in last year’s meeting against Denver.

Developing story.

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