With just hours to go before the franchise tender extension deadline, there’s nothing close or imminent in talks between the Steelers and Le’Veon Bell, Ian Rapoport of NFL.com (on Twitter) hears. Still, negotiations are ongoing. 
There has been a sizable gap between the two parties in talks this summer, but it is believed that Bell is more likely to sign before the deadline than fellow franchise-tagged players Kirk Cousins and Trumaine Johnson. Cousins and Johnson are each set to play on their second consecutive franchise tags, meaning that they both have a 20% salary bump over last year’s salary. Both players also seem eager to test the open market next offseason.
Bell, meanwhile, has made it clear that he wants to stay with the Steelers and that feeling is very much mutual. He can play out the 2017 season for a healthy $12.12MM salary, but it is in the interest of both sides to figure out a multi-year deal that will keep Bell in place for years.
The Steelers can theoretically control Bell through the franchise tag in 2018 and 2019, but the cost would be exceptionally high. Bell, meanwhile, could cash in on the open market next spring, but the high risk of injury for running backs means that he cannot really bank on anything beyond 2017.