Best of luck to Cowher, stepping down on your own terms just doesn't happen in the NFL much anymore. Let's face it, the mentallity of owners today is to win now. If he burned out, hey it's been 15 years. He only outlasted 94 other coaches in that span. Other owners could learn something from the steelers on how to work with their coaches. And I'm not a steeler fan either.
The below info is not from me but from the steeler's newsgroup. Again a "heard it from an insider" post, but it certainly FITS everything about the situation, and also matches what both Ed Bouchette and Mike Prisuta have said, and also jives with what Mort from ESPN said about the $ figure Cowher was looking for that would convince him to stay. I certainly believe it to be true, anyways. For what it is worth, and what I have heard from an insider in the Steelers organization, this is what happened with Cowher: Cowher left because he was snubbed by the Rooneys after he won the SB by not being offered a contract/ extension that was in line with what coaches of his pedigree make around the league. He wanted to renegotiate his contract to a considerably higher (in the 9-10 mil a year range) salary & extend it for at least five years, the Rooney's told him they would go 6-7 mil max & extend three years. This was not acceptable to Cowher, so he asked for release from his contract, and the Rooneys (more specifically, Art Jr) told him to honor his contract, and that they would be willing to further negotiate it in his option year. Apparently, Art Jr was upset that Cowher wanted more money because of his SB victory when the Rooneys stuck by him in the late 90's when the Steelers struggled, and expressed this to Cowher in an ugly fashion during one of their negotiations. Cowher waited till the option year of his contract & resigned. He will likely coach the Browns, Panthers, or Redskins when his contractual obligation to the Steelers passes in 2008. The source I quote is in a support role within the organization, and I'll leave it at that. Add it all up & it explains a lot of things that have happened in the past year. (Cowher's seeming lack of passion, Deuce's staying far beyond his welcome, the complete lack of discipline within the team as a whole, the purchase of the North Carolina home right after the SB, etc.) I also heard that Dan Rooney wanted Cowher back, and Art Jr wanted him gone. So who prevailed? Certainly not the fans of the Steelers...