Page 12 of 12 FirstFirst ... 2101112
Results 111 to 113 of 113

Thread: Steelers' Rooney on Wallace: 'He should be here'

  1. #111
    Legend papillon's Avatar
    Join Date
    Mar 2008
    Location
    Under your bed
    Posts
    7,096
    Quote Originally Posted by RuthlessBurgher View Post
    We've all been comparing Wallace to other receivers (makes sense, right?).

    The number's being passed around:

    Larry Fitzgerald: 8 years, $128 million ($50 million guaranteed)
    Vincent Jackson: 5 years, $55,555,555*** ($26 million guaranteed)
    DeSean Jackson: 5 years, $47 million ($15 million guaranteed)
    Marques Colston: 5 years, $36.3 million ($17.7 million guaranteed)

    ***Notice that the total value of VJax's contract is ocho cincos.

    People have been saying that we have never paid such big dollars to a receiver.

    Well, instead of comparing Wallace to other receivers around the league, let's compare him to other Steelers who signed extensions within the last year.

    LaMarr Woodley: 6 years, $61.5 million ($22.5 million guaranteed, including a $13 million signing bonus)
    Troy Polamalu: 4 years, $36.5 million ($10.55 million signing bonus)
    Lawrence Timmons: 6 years, $50 million ($11 million signing bonus)
    Ike Taylor: 4 years, $28 million ($7.25 million signing bonus)

    In terms of overall importance to the team, where does a top-notch deep threat entering the prime of his NFL career rank in terms of overall importance to the team when compared to the two linebackers entering the primes of their careers or the two members of the secondary who are now over the age of 30?

    I know many will hold firm to their notion that "anything over $8 million and we should send him packing," but if you compare him to other Steelers who got extensions recently, doesn't it seem like Wallace should be slotted somewhere between Timmons and Polamalu in the middle of those 4 contracts?

    I suggested a while back that Mike Wallace's contract could end up looking like Sidney Crosby's last contract (which he should be extending next week for 10 more years). Sid's last deal was for 5 years, $43.5 million ($8.7 million per year). That is essentially right smack dab in between the Timmons and Polamalu deals.

    The sticking point could be the amount of the signing bonus, which if we followed precedent from last year would be in the neighborhood of $11 million or so. That would give us a yearly cap hit of $2.2 worth of signing bonus...if we gave him a veteran minimum salary ($750,000) in year one, his overall cap hit would be $2.95 million for this season, which would fit under the cap as currently constituted (see the other thread which shows our current cap space as $3.58 million). If Wallace's contract was structured as such, that would leave us with $630,000 after a Wallace 5 year, $43.5 dollar extension with an $11 million signing bonus (which would be the second fewest in the league, but still a shade more than Baltimore's $606,000 of available cap space as we speak).

    If we wanted to sign Max Starks if his rehab progresses as we move through camp and the preseason, then we'd have to cut Jon Scott in order to make room (but we knew that already...if we had a healthy Max, there would be no need for Jon Scott anyway).
    Wallace isn't as important to the offense as any one of those four defensive players are to the defense, IMHO. So, I wouldn't expect that the Steelers are going to pay him like any of those guys. Taylor's contract isn't too bad and if Wallace would take some thing like that the Steelers would probably do the deal. Of course, they would then have to cut some salary somewhere to clear the space with 3.58 million available and Wallacews being worth approximately 7 million per.

    Pappy


    1.15) Ryan Shazier - ILB/OLB
    2.46) Stephon Tuitt - DE
    3.97) Dri Archer - RB
    4.118 ) Martavis Bryant - WR
    5.157) Shaquille Richardson - CB
    6.173) Wesley Johnson - OT
    6.192) Jordan Zumwalt - ILB
    7.215) Daniel McCullers - DT
    7.230) Rob Blanchflower - TE

    "Before you can win a game, you have to not lose it." -- Chuck Noll

  2. #112
    Legend RuthlessBurgher's Avatar
    Join Date
    May 2008
    Location
    Where the Rubber Meets the Road (in NEPA)
    Posts
    21,503
    Quote Originally Posted by papillon View Post
    Of course, they would then have to cut some salary somewhere to clear the space with 3.58 million available and Wallacews being worth approximately 7 million per.
    Not necessarily, Pap. Traditionally, in the first year of a new contract, the player gets only a veteran minimum salary in year one (plus the pro-rated portion of the signing bonus, of course), so his cap hit under an extension might be just a little bit more than the $2.7M RFA tender value he was scheduled to make in 2012 anyway...even though Wallace gets to pocket all of that signing bonus from the moment he puts pen to paper.

    In hockey, the average salary over the length of the contract is the yearly cap hit...there is no massaging it from one year to the next. But in football, we can minimize his cap hit over the first two years while we are in cap jail, then have larger cap hits in 2014 and later when the new TV contract money is due to raise the cap significantly.

  3. #113
    Legend hawaiiansteel's Avatar
    Join Date
    May 2008
    Location
    Hawaii 5-0
    Posts
    15,222
    Quote Originally Posted by RuthlessBurgher View Post
    Wanna extend Antonio Brown's contract now too?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •