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Report: Mike Wallace To Leave Tender Contract Unsigned

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ESPN's Adam Schefter reported Wednesday afternoon Steelers restricted free agent WR Mike Wallace is not planning to sign his RFA tender offer from Pittsburgh. It's a one year guaranteed contract worth about $ 2.7 million.

In doing so, he's saying he's not playing until he gets the contract he wants.

His motivations behind this could be numerous, but at its core, it's a leverage move by Wallace and his agent to negotiate a higher long-term contract - something both sides have said they want.

By not signing his tender, Wallace is stating he won't play without a long-term deal, or, essentially, he intends to hold out until he gets an extended deal to his liking.

It could also be simply a veiled threat (incidentally, leaked to one of the most followed sports writers in the media) to force the Steelers to continue pressing on in negotiations.

It's perhaps not a coincidence news of Wallace's alleged desire to hold out came at approximately the same time the Steelers announced a two-year deal for free agent WR Jerricho Cotchery.

Speculation rules supreme this time of year, but the fact is the Steelers will want to avoid a holdout situation, but are not likely to be bullied by a player with Wallace's level of tenure with the team.

Keep in mind, and this isn't being reported, the Dolphins traded then-restricted free agent Wes Welker to the Patriots for a second round pick, and a seventh round pick, in 2007. It's not as if the Steelers couldn't trade Wallace and his contract demands for a suitable bounty, and leave the future contract negotiations to another team.

If the allegation is true (and the idea of Wallace wanting a Larry Fitzgerald-sized contract to leave Pittsburgh still hangs in the air, essentially unconfirmed), consider the gloves off between the organization and its biggest big-play receiver.



Source: Behind the Steel Curtain

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Chances Are Slim-to-none That Pro Bowl Wide Receiver Mike Wallace Will Leave the Pittsburgh Steelers

The Pittsburgh Steelers put a tender on wide receiver Mike Wallace on Monday. According to Gerry Dulac of the Pittsburgh Post-Gazette, the Steelers will pay Wallace $ 2.7 million in 2012 and will have the chance to match any offer given to the restricted free agent. If Pittsburgh decides not to match an offer, they will get a first-round draft pick in return.
Dulac also stated that negotiations have taken place between the Steelers’ front office and Wallace’s agent, Buss Cook.
On March 6th, General Manager Kevin Colbert told www.steelers.com that keeping the Pro Bowl receiver in the Steel City is definitely in the franchise’s plan.
“We want Mike to finish his career here,” said Colbert. “That will factor into our decision. You have the same right of first refusal on any offer he gets. If he was franchised, you would have to account for a significantly higher amount under your cap, which means we would have had to cut more players. You have to weigh that against the chances you’re goi...

Source: Yardbarker: Pittsburgh Steelers


Chances Are Slim-to-none That Pro Bowl Wide Receiver Mike Wallace Will Leave the Pittsburgh Steelers

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The Pittsburgh Steelers put a tender on wide receiver Mike Wallace on Monday. According to Gerry Dulac of the Pittsburgh Post-Gazette, the Steelers will pay Wallace $ 2.7 million in 2012 and will have the chance to match any offer given to the restricted free agent. If Pittsburgh decides not to match an offer, they will get a first-round draft pick in return.
Dulac also stated that negotiations have taken place between the Steelers’ front office and Wallace’s agent, Buss Cook.
On March 6th, General Manager Kevin Colbert told www.steelers.com that keeping the Pro Bowl receiver in the Steel City is definitely in the franchise’s plan.
“We want Mike to finish his career here,” said Colbert. “That will factor into our decision. You have the same right of first refusal on any offer he gets. If he was franchised, you would have to account for a significantly higher amount under your cap, which means we would have had to cut more players. You have to weigh that against the chances you’re goi...

Source: Yardbarker: Pittsburgh Steelers

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Talk heats up in Pittsburgh that Mike Wallace could leave

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Ordinarily, when a team has a good young player who becomes a restricted free agent, that team does what it needs to do and keeps that good young player in the fold. But it’s becoming increasingly clear that Steelers receiver Mike Wallace is not in an ordinary situation. Wallace becomes a restricted free agent in…

Source: ProFootballTalk » Pittsburgh Steelers

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Arians says: ‘No choice but to leave’

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Several days after what the Steelers called his retirement, Bruce Arians said they gave him no choice but to leave the team as offensive coordinator because they did not offer him a contract renewal. Arians, speaking to his hometown York (Pa.) Daily Record, confirmed a Saturday story in the Pittsburgh Post-Gazette that his departure from the Steelers was not his choice.

Source: post-gazette.com - Steelers/NFL

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