Skip to content

Manny Sanders

Clock Ticking On Mike Wallace

  • by

Tick-Tock. Tick-Tock.

Sorry for opening with such a corny line but in this case it’s particularly apt. The Pittsburgh Steelers followed through on their vow not to use their Franchise tag on All Pro receiver Mike Wallace. Instead they tendered him an offer, making him a restricted free agent. What this means is one of three things will happen when the NFL’s free agency period kicks off at 4:00 ET next Tuesday.

Wallace may sign the one year offer for $2.75 million. Or another team may offer him a bigger contract, which the Steelers have an option to match. If they decide to match, the Steelers keep Wallace and the other team is S.O.L. If the Steelers decline to match, Wallace goes to that team with Pittsburgh receiving their first round draft pick as compensation.

Wallace isn’t going to sign that tender until free agency is over. He no doubt feels he’s worth more than what the Steelers have offered and he’s right. To give you a rough idea where the bar is for a young up-and-coming wide receiver, let’s look at the Buffalo Bills. They recently re-signed Stevie Johnson to a five year $36 million deal. NFL fans know Johnson as the dude who writes silly messages on his undershirt with a sharpie. Steeler Nation remembers him as the putz who dropped the game-winning touchdown pass in overtime, then blamed God for his butterfingers. In either case, you’d be hard-pressed to find someone who doesn’t view Wallace as the far better receiver.
Read More »Clock Ticking On Mike Wallace