Tag Archives: tender
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
A report from Howard Balzer of ESPN Radio is that Ramon Foster has signed his RFA Tender. Foster was signed as a restricted free agent and was given the one year $ 1.26 million offer. That is the lowest offer and if Foster were to sign elsewhere the Steelers would have received nothing in return since he was an undrafted free agent.
Foster is still likely to start at guard for the Steelers next season. Which one will depend on who the Steelers draft or pick up in free agency. Foster is the right guard right now but could move to the left side if needed. There did not seem to be much interest in Foster by other teams. He basically was an unrestricted free agent due to his low tender and teams still did not show much interest. For Foster to sign his tender before April 20th means he either really wants to be a Steeler or he knew nothing better was coming.
Source: Yardbarker: Pittsburgh Steelers
PITTSBURGH (KDKA) — The Steelers continued their off-season moves Monday, tendering six players, including wide receiver Mike Wallace.
Wallace, Keenan Lewis, Ryan Mundy, David Johnson, Doug Legursky and Ramon Foster were all tendered offers. The Steelers placed a first-round tender on Wallace, paying him $ 2.7 million in 2012.
If Wallace receives an offer from another NFL team the Steelers have the ability to match that offer. If they are unable or choose not to match that offer they will receive a first-round pick from the team that signs Wallace.
Tendering all six players means the Steelers “reserve the right” to keep the players by matching offers from other teams.
“All six players could also remain with the Steelers by signing their tender offer for 2012 or by signing a long-term contract with the team,” according to the team’s statement.
Legursky and Foster will make $ 1.26 million in 2012. If either or both sign with another team the Steelers will receive nothing in return, because both entered the league as undrafted free agents.
Lewis, Mundy and Johnson will receive $ 1.2 million in 2012. The Steelers will receive a third-round pick for Lewis, a sixth-round pick for Mundy and a seventh-round pick for Johnson should they sign with another NFL team.
Source: CBS Pittsburgh » Steelers
The Steelers today tendered offers to star wide receiver Mike Wallace and five others.
Cornerback Keenan Lewis, safety Ryan Mundy, tight end David Johnson, offensive guard Doug Legursky and offensive guard Ramon Foster were tendered offers, too.
By tendering the offers, the Steelers reserve the right to retain the players by matching any offer sheets they would sign with another team. All six could remain with the Steelers by signing their tender offer for 2012 or by signing a long-term deal with the team.
Wallace made 72 catches for 1,193 yards last season.
Source: Steelers Gab
As expected, the Steelers officially gave WR Mike Wallace the high level tender offer of $ 2.7 million for one season, the restricted free agency level allowing the Steelers to receive a first-round draft pick in compensation should Wallace sign with another team.
Steelers General Manager Kevin Colbert has said his priority with Wallace is to get him signed to a long-term deal. This is the first step in that process.
Just about all of the Steelers’ other restricted free agents – CB Keenan Lewis, Gs Doug Legursky and Ramon Foster, TE David Johnson and FS Ryan Mundy – received original round tender offers, which are worth one year for $ 1.26 million.
Lewis was a third-round selection, Johnson was a seventh and Mundy was a sixth. Legursky and Foster were not drafted, therefore, would carry with them no compensation.
OL Jamon Meredith was not given a tender offer, and is now an unrestricted free agent.
The compensation would deter a team from making a run at Lewis, Mundy or Johnson, and while the lack of compensation for Legursky and Foster – the starting guards currently in Pittsburgh’s depth chart – may be attractive for other teams, the Steelers still carry the right of first refusal, meaning they could match any offer given by anyone else. Provided the offer is reasonable, it’s likely the Steelers would match it.
It’s unlikely another team would offer a multi-year deal to either Legursky or Foster.
It’s worth noting teams do not pursue the restricted free agents of other teams very often. The most notable is probably Patriots WR Wes Welker, in 2007, when the Dolphins gave him a second-round tender offer, and the Patriots eventually traded a second round and seventh round pick for Welker. Technically he wasn’t signed away from the Dolphins, but the Patriots added the seventh round pick as a way to not let Welker reach the open market.
The lack of movement with restricted free agents is the main reason why the compensation for the high level tender was reduced from a first and a third round pick to just the first in the new collective bargaining agreement.
Wallace is no doubt an attractive option for many teams, but having to give up a first-round pick along with signing Wallace to an offer sheet the Steelers wouldn’t match (i.e. it’d likely have to be above his market value) is quite a price to pay. Ideally, the Steelers would like to get Wallace signed to a long-term deal before restricted free agents are allowed to sign offer sheets (March 17).
Source: Behind the Steel Curtain
The Pittsburgh Steelers have tendered an offer to restricted free agent wide receiver Mike Wallace.
The Steelers did not release what the players were tendered, though general manager Kevin Colbert said recently the team would do what it could to keep Wallace. The Steelers have the right to match any offer made to Wallace or would receive compensation if he signs with another team, likely a first-round draft pick.
Wallace made the Pro Bowl after leading the Steelers with 72 receptions for 1,193 yards and eight touchdowns in 2011. He’s one of the NFL’s top deep threats with an average of 18.7 yards per reception during his three-year career.
The Steelers also tendered offers to CB Keenan Lewis, S Ryan Mundy, TE David Johnson and offensive linemen Doug Legursky and Ramon Foster.
Colbert was adamant during last month’s NFL combine that re-signing Wallace was a priority. The Steelers are thin at wide receiver following the release of veterans Hines Ward and Arnaz Battle and Jerricho Cotchery’s free agency.
Wallace said repeatedly throughout the season and in recent weeks through his Twitter account that he wants to remain in Pittsburgh, where he has developed a solid rapport with quarterback Ben Roethlisberger and is the leader of a talented young group that includes Antonio Brown and Emmanuel Sanders.
If Wallace returns he’ll be playing for a revamped coaching staff. Offensive coordinator Todd Haley replaces Bruce Arians and assistant Amos Jones will coach the running backs while Kirby Wilson recovers from a late-December fire in his home that left him with third-degree burns.
Coach Mike Tomlin said Monday that Wilson’s recovery is going well and he expects Wilson to return at some point next season.
”He has surprised the doctors with the rate of recovery,” Tomlin said of Wilson. ”Obviously, we still have a long way to go, but it has been just awesome to watch him go through this process and see the improvement in him.”
Tomlin is also eager to get to work with Haley, calling it a ”ridiculous bonus” that the former Kansas City Chiefs head coach was available. Tomlin isn’t sure what the offense will look like when Haley is done with it but is eager to watch the process.
”Obviously, I think we need to have a defined personality, but that’s centered around playing to our strengths,” Tomlin said. ”That changes, of course, depending on what our strengths are. Obviously, we have a solid, franchise-type quarterback. We have some emerging outside talent at wide receiver … Our personality, obviously, is going to be one that is built and geared toward our strengths.”
Source: Yardbarker: Pittsburgh Steelers