I would tell him that we go after a really good QB and one that we know we can get and that we could make due with. Tell Steele that he is the really good one we have targeted and that we already signed the "make due" guy. You could even lay it on thicker and tell him that signing a serviceable guy like Tuggs allows us to swing for the stars with guys like Steele.
Should play well to a good QB's ego.