That's not a bad deal.
Big Snack is still worth 3/21 with 11 guaranteed. That's one less urgent need in the draft but one would like it if they could at least find a worthy NT project to groom (perfect world).
The P-G time line is funny:
2/23 Steelers close to putting franchise tag on Hampton
2/24 Steelers expected to use franchise tag on Hampton
2/25 Hampton agrees to Steeles contract; Reed gets franchise tag