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View Full Version : Mike Wallace's tender won't be reduced by Steelers



polamalubeast
06-15-2012, 10:47 AM
Pittsburgh Steelers wide receiver Mike Wallace is the lone restricted free agent this offseason yet to sign his tender.

Since Wallace did not sign his tender before June 15, the Steelers have the option of reducing the tender to 110 percent of his previous year's base salary. Wallace earned $525,000 in 2011, so the Steelers could reduce his tender to $577,500, a reduction of $2.165 million. That's more than he made during his first three seasons in the NFL combined.

Though such a move might not get Wallace to report to training camp on time, Steelers general manager Kevin Colbert said the team has no intention of reducing the tender.

"That’s never been an intention of ours," Colbert told WXDX-FM's Mark Madden on Thursday, according to Mark Kaboly of the Pittsburgh Tribune-Review. "When we tendered Mike at the amount we did, the compensation through that tender, we really had no issue with that whatsoever because he is deserving of that."




Wallace reportedly is seeking Larry Fitzgerald/Calvin Johnson money, each of whom received $16 million-plus per year in extensions signed since last August. (Wallace and Johnson also share an agent, James "Bus" Cook.)

The Steelers might not be prepared to go that high on an extension, which could mean the franchise tag is in Wallace's future. If the salary cap remains flat, as it's expected to in 2013, the franchise tender for wide receivers would be worth around $9.5 million next season.



read more

http://www.nfl.com/news/story/09000d5d829db950/article/steelers-wont-budge-on-mike-wallaces-tender

86WARD
06-15-2012, 12:27 PM
No shit...you dont say...