Pittsburgh Steelers Wide Receiver Mike Wallace Will Not Get the Contract That He Is Seeking, and Should Just Sign the Tender Offered to Him

So far, this offseason, no team has offered Pittsburgh Steelers wide receiver Mike Wallace a contract. The restricted free agent was offered a tender by the Steelers worth a little over $ 2.7 million, but Wallace has thus far refused to sign it.
Ed Bouchette of the Pittsburgh Post-Gazette said ESPN reported, “that Wallace will not participate in any spring workouts unless he and the team come to terms on a multiple-year contract.”
Bouchette also stated that the three-year veteran out of Ole Miss will be unable to sign with another team once the deadline of April 20th passes, and that he will only have the choice of a long-term deal or signing the tender with the Steelers.
In the meantime, Pittsburgh’s front office is making sure that everything else is in place offensively just in case the Pro Bowl receiver somehow doesn’t return to the Steelers for the 2012 NFL season.
Veteran receiver Jerricho Cotchery re-signed with the team with a two-year contract worth over $ 3 million dollars. ...

Source: Yardbarker: Pittsburgh Steelers

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