Steelers Don’t Franchise Mike Wallace, Tender Him Instead
Monday’s 4:00 pm deadline for NFL teams to announce their franchise players came and went without the Pittsburgh Steelers locking up wide receiver Mike Wallace for 2012 by placing their franchise tag on him. Instead, the Steelers will tender Wallace, which means they could still keep him, but it also means they could lose him.
Adam Schefter of ESPN reports that by tendering Wallace, “another team could try to sign [him] to an offer sheet that the Steelers would have the right to match–or get a first-round pick in return.”
Although the Steelers want to keep Wallace, the team is still under the salary cap for 2012 and would not be able to afford the $9.4 million the tag would command for Wallace. Their offseason has already consisted of releasing players and restructuring contracts just to get over the cap, so franchising Wallace may have never been a realistic option.
Wallace has played his entire three-year career with the Steelers, catching 170 passes for 3,195 yards and 24 touchdowns. He made his first ever Pro Bowl last season.
Kevin Roberts 
Keet Bailey 
Taylor Smith 
Michael Cellars 
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Terrence Kirker
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