May 272012
 

Mike Wallace is no showing optional OTAs for the Steelers as he wants a new long term deal. Wallace, who has yet to sign his 1 year, 2.742 million restricted free agent tender, reportedly wants Calvin Johnson/Larry Fitzgerald money, which is somewhere around 15+ million per year over 7-8 years. Wallace couldn’t get that from the Steelers even if they wanted to give it to him because of their cap situation, but he and the Steelers are in least in talks on a long term deal. It’s unclear if one will get done. Right now, the Steelers hold all the leverage. Since he’s only had 3 years in the league, the Steelers can slash his salary to 577,000 if he doesn’t resign by June 15th.

  2 Responses to “Mike Wallace, Steelers in talks on a long term deal”

  1. wallace is a fast reciever but other than that, has no special skills. after only three years he should be happy to get 3-5 million per season. other than that they should trade him for some draft picks and cut their losses.

    • One of only 4 receivers who has ranked in the top 11 in receiving in each of the last two years (Calvin Johnson, Larry Fitzgerald, Roddy White) and not yet 26 years old. But other than that he sucks…

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