Wallace sign.

[Steelhere10]

Reportedly 5 yrs 42 Million 20 guaranteed

[RuthlessBurgher]

Woo hoo!!!!

Report: Steelers and WR Mike Wallace Agree on Five-Year Deal
July 24th, 2012
Matt Loede

The Steelers have already wrapped up Mike Tomlin, and now it looks like they have done the same with their leading wide out.

Channel 11 is Pittsburgh is reporting the Steelers and wide out Mike Wallace have agreed to 5 yearr deal. The amount it took to get him – $42 million with $20m guaranteed.

Wallace last season had 72 grabs for 1193 yards with 8 touchdowns.

[URL]http://www.nflgridirongab.com/2012/07/24/report-steelers-and-wr-mike-wallace-agree-on-five-year-deal/[/URL]

[Steelhere10]

It was tweeted by Wexell , who have since removed the tweet.

[Gus]

Reportedly 5 yrs 42 Million 20 guaranteed

It is not on WPXI's website.

[Gus]

It is not on WPXI's website.

Unfortunately, Mark Kaboly has tweeted this:

[URL="http://twitter.com/MarkKaboly_Trib"]Mark Kaboly @MarkKaboly_Trib[/URL]
[URL="http://twitter.com/MarkMaddenX"]@MarkMaddenX[/URL] -- I am not sure how it got out, but absolutely no deal in in place.

[RuthlessBurgher]

Hopefully it turns out to be true. I predicted a 5 year, $43 million dollar Crosby-esque contract in the past, so I'll accept these terms if that what it turns out to be.

[URL]http://www.planetsteelers.com/forums/showthread.php/37689-Steelers-Rooney-on-Wallace-He-should-be-here/page11?highlight=crosby[/URL]

I suggested a while back that Mike Wallace's contract could end up looking like Sidney Crosby's last contract (which he should be extending next week for 10 more years). Sid's last deal was for 5 years, $43.5 million ($8.7 million per year).

[D Rock]

that would be a steal if he signed for that. It seemed too good to be true...then I read further into the thread and realized it was too good to be true.

[squidkid]

hope its not true................too much money for what wallace brings to thne table and how we will lose other players next year because of the cap hit.

[D Rock]

hope its not true................too much money for what wallace brings to thne table and how we will lose other players next year because of the cap hit.

Which players would they lose next year?

Antonio Brown? Restricted free agent.

Ramon Foster and Doug Legursky? Backups who can be had cheap.

Keenan Lewis? This year will determine a lot for him, but he still shouldn't be expensive based on his career so far

Rashard Mendenhall? RBs don't cost a ton, and it remains to be seen if they will even want him back depending on how the other guys perform this year.

There are couple other RFAs, but that's not an issue. There really wont be any pressing issues of players to resign next year which will demand a lot of salary cap space.

[Slapstick]

that would be a steal if he signed for that. It seemed too good to be true...then I read further into the thread and realized it was too good to be true.

Hardly a steal...

A fair deal? Sure...

But $20 mil guaranteed is absolutely not a steal...

[D Rock]

Hardly a steal...

A fair deal? Sure...

But $20 mil guaranteed is absolutely not a steal...

check out the list of salaries I posted in the thread about what people want wallace to sign for....

A player with his level of production for an average of 8.4M/yr absolutely is a steal.

[Eddie Spaghetti]

hope its not true................too much money for what wallace brings to thne table and how we will lose other players next year because of the cap hit.

we wont lose anybody the steelers want to keep.

the chicken little mentality of the board amuses the hell out of me.

[D Rock]

For reference:

Pierre Garcon signed a 5 yr deal for 42.5M, with 20.5M guaranteed.

[flippy]

Reportedly 5 yrs 42 Million 20 guaranteed

Nice work by Wallace and his agent. I got the $42 Million part right. I just thought it would be 6 years and $12M guaranteed. The Steelers must think very highly of Mike Wallace because they really caved on this contract taking into consideration his tender and the relative value of contracts signed by other WRs recently.

Just glad it's done. Now lets go win some SuperBowls!!!!!!!

Wooooohooooooo!!!!!!!

[RuthlessBurgher]

For reference:

Pierre Garcon signed a 5 yr deal for 42.5M, with 20.5M guaranteed.

Dan Snyder is paying Pierre Garcon top-notch WR money, and will likely get Antwaan Randle El 2.0 (i.e. a solid complementary piece who is miscast as a difference-maker).

If we paid Mike Wallace the same top-notch WR money, we'd get a top-notch WR. Sounds like a good deal to me.