Kevin Colbert, Steelers GM says he’s not planning to cut the team’s offer to wide receiver Mike Wallace.
Wallace, a restricted free agent who hasn’t signed his contract tender offer of one-year, $ 2.742 million because he wants a long-term deal, isn’t working out with the team or guaranteed he’ll report to training camp.
Even so, Wallace won’t be docked by the team, which has a mechanism at its disposal granted by the CBA to cut his 2012 salary to $ 577,500, which is 110 percent of his 2011 base salary.
“That’s never been an intention of ours,” said Colbert, appearing on WXDX-FM in Pittsburgh. “When we tendered Mike at that amount we did, the compensation through the tender, we really had no issue with that whatsoever because he is deserving of that.”
If Wallace does hold out, he’d have to report before the 11th game of the regular season to earn an accrued season toward free agency. He’s reportedly seeking a deal with a value of at least $ 12 million per season.
Source: Steelers Gab
