I think Bell ends up taking a minor financial hit, but more than anything this is likely a major legacy hit. He could have played 3-4 more years in Pittsburgh and probably gone down as the top RB of the era and a future HoFer because of the situation. Now, who knows.
Very reasonable deal for the Jets, but I've said for two years I have serious questions about Bell's rushing ability. Can't break big plays on the ground and now is playing behind a new OL in a new system. He'll be great on 3rd downs, but James Conner was an upgrade running the ball last years for the Steelers so don't expect Bell to be anything special on the ground.