Report: Mike Wallace likely done in Pittsburgh

October 28, 2012 by Paul Jackiewicz

According to Jason La Canfora of CBS Sports, wide receiver Mike Wallace likely won’t be back with the Pittsburgh Steelers next season, after a sub par year so far.

“Mike Wallace, having a subpar season in Pittsburgh while working under the restricted free agent tender, looks set to depart in the offseason barring a major change in the second half of the season. Wallace (29 receptions, 397 yards, 4 TD) has not been a vertical threat this season, has struggled for consistency since coming back from a prolonged holdout, and is no longer the team’s top pass-catching option.

“Wallace seems to be struggling with the emergence of recently-extended Antonio Brown as the No. 1 receiver. Wallace’s confidence has waned and the Steelers would not be inclined to franchise him a second time, or pay him the $11 million or so a year he was seeking in the offseason, according to a source with knowledge of the situation.

All signs are pointing to a departure, unless Wallace was seeking to significantly alter his demands, and that’s unlikely at this point given his stance last offseason. The Steelers want to extend receiver Emmanuel Sanders as well, and won’t tie up too much money in any one position. Aditionally, letting Wallace walk would land them a strong compensatory pick,” wrote La Canfora.

It will be interesting to see if a team is willing to overpay to acquire Wallace in free agency. So far he hasn’t looked like a dominant number one receiver.