Looks like Weslye Saunders had some premature Twitteration of his own regarding the Wallace contract/non-contract:
Steelers tight end Weslye Saunders says Mike Wallace has new deal
Posted by Mike Florio on July 24, 2012, 5:57 PM EDT
Coach Mike Tomlin may not be the only Steelers employee to get a new contract on Tuesday.
He also may not be the only Steelers employee named “Mike” to get a new contract on Tuesday.
Tight end Weslye Saunders has congratulated receiver Mike Wallace on a new contract via a Twitter message. Saunders later tried to put the toothpaste back in the Twitter tube.
Wallace, a restricted free agent, has received a one-year tender worth $2.7 million. The Steelers opted not to reduce the tender dramatically on June 15, even though they could have.So apparently I may have jumped the gun about Mike and the new deal. Just pretend I ain't say nothin lol #CarryOn
Weslye Saunders (@Wes_Saunders8 July 24, 2012
The Steelers report for training camp on Tuesday. It’s still unknown whether Wallace will be there.
Perhaps the bigger question for now is whether Saunders will be.
UPDATE 6:00 p.m. ET: Saunders’ tweet may have come from inside information, or it may have come from an apparently erroneous report that Wallace has a new deal. Mark Kaboly of the Pittsburgh Tribune-Review reports that Wallace does not yet have a new contract.
Good sign seeing Saunders happy. He must be pretty confident that he fits in the long term plans.
C'Mon Wally, sign the contract already.
Like Wallace said, don't believe everything the media -- or his teammates -- are saying. Once he is in camp and the team has released an official statement, then I'll be happy.
Playing Fantasy Football does not qualify you to be the in the front office or on the coaching staff of the Pittsburgh Steelers. They are professionals and you are not!
8 million/yr for MW is a good deal for Steelers. It was a win-win situation. Hopefully MW is signed to a long term deal by Steelers pretty soon.
Rd 1: Cordarrelle Patterson - WR
Rd 2: Sio Moore - ILB/OLB
Rd 3: Christine Michael - RB
Rd 4: Shamarko Thomas - SS
Rd 5: Lerentee McCray - OLB
Rd 6(a): Ryan Griffin - QB
Rd 6(b): Micah Hyde - CB
Rd 7: Vince Williams - ILB
for the sake of easy numbers, if that is a 20 million signing bonus over 5 years it is only 4 million a year. take that down to 10 million and throw in a couple roster or workout bonuses in say years 2 and 3, then in years 4 and 5 that leaves 2 million per year in prorated signing bonus. If for whatever reason Mike Wallace has lost it by age 29, you can cut him and only owe that 4 million over 2 years. I don't see why 20 million guaranteed is an issue.