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View Full Version : Wallace won't sign until June 15th at the earliest



BlitzburghRockCity
04-22-2012, 03:41 PM
Now that it's official that restricted free agent Mike Wallace won't play for anybody but the Steelers (http://www.cbssports.com/nfl/teams/page/PIT/pittsburgh-steelers) in 2012 -- the deadline for another team to offer Wallace an offer sheet was Friday -- now we have to question whether Wallace wants to play at all.

According to ESPN.com's (http://espn.go.com/nfl/story/_/id/7842244/sources-pittsburgh-steelers-mike-wallace-prepared-sit-offseason-drills-start-training-camp) Adam Schefter, Wallace is willing to hold out from offseason workouts and part of training camp and that he won't sign his first-round tender "until he has to.”

In reality, he doesn't have to sign it at all.

But if he doesn't ink his name, there's a very strong chance he'll lose out on his ability to make $2.74 million for 2012. While Wallace and the Steelers say they're looking to sign a long-term deal to keep the talented receiver in Pittsburgh for many years, it appears that the two sides aren't close to agreeing on a price.

There have been reports that Wallace is looking for Larry Fitzgerald (http://www.cbssports.com/nfl/players/playerpage/492934/larry-fitzgerald) type money (in the eight-year, $120 million (http://www.cbssports.com/nfl/blog/eye-on-football/17973716/report-mike-wallace-wants-to-surpass-fitzgerald-deal-with-rfa-contract) range), but Wallace also has downplayed the truth of those rumors.

If Wallace doesn't sign his tender by June 15, though, the Steelers could cut his offer to as little as $577,000 (110 percent of his 2011 salary). Or he could hold out longer. As PFT (http://profootballtalk.nbcsports.com/2012/04/22/report-mike-wallace-says-he-wont-sign-until-he-has-to/) reminds us, Wallace could skip “training camp and the preseason and up to 10 weeks of the regular season. At that point, he could sign the tender, receive the prorated base salary under the $577,000 tender (i.e., $237,000), and then become an unrestricted free agent (subject to the franchise or transition tag) in 2013.”

CBS Sports (http://www.cbssports.com/nfl/blog/eye-on-football/18763052/report-mike-wallace-wont-sign-free-agent-tender-until-he-has-to)

Nolrog
04-22-2012, 03:50 PM
I still think it's likely that they come to a multi-year agreeement with Wallace.

He needs to be there from day 1 to start learning the new offense.

JensK
04-22-2012, 04:14 PM
The rule itself is hopelessly ridiculous anyway. Players should not have that long to decide that they can be asked to play for a team which offer him almost 3 million to play. He should stand in the building when Steelers ask him to, or he can take the paycut and go feel sorry for himself for teams in the NFL being realistic.

SteelJunkie
04-22-2012, 04:14 PM
I'm so tired of this already. He needs to be signed and start learning the new offense as soon as possible. I would rather the Steelers in the next couple days say here is the contract for multiple years sign it or tell us no today. If he signs it then its a win, if not then start shopping him for some more picks.

I love Mike Wallace on the field, but I hate what I'm seeing here. At this point he needs his head in the game he needs to shut and nut up. I just don't see the point he has no bargaining chips other then to show his selfishness. A 2nd and a 3rd would be nice or two 2nd round picks. Right now every time he opens his mouth his value drops even more in my eyes.

Number99
04-22-2012, 04:21 PM
Obviously none of us really know whats going on behind the scenes, but with the cap situation this year and even next year I can't see where the multi year contract is going to come from. I should hope that the $120 mil rumor is really a joke because even though Wallace is a good reciever he's not in the class of a Larry Fitz. I mean look at what Fitz has done with lesser QB's. Do you think 17 could do what he did and not have anyone of note at the other WR spot? Not likely. As much as I would love to see Wallace have a long career in Pitt I just don't see it happening. At least not until some situations change.

LatrobePA
04-22-2012, 04:34 PM
No big deal. It's not like he needs mini camps, OTA's and that stuff all he's really good at is running fast in a strait line.

CoachC
04-22-2012, 08:46 PM
Whoever Wallace is listening to has led him stray. He is not worth the money that he is asking for and now he has cost himself a junk ton of money this season. If he holds out, the only person he is hurting is himself. He could sign now, make 2million dollars and hit the open market, maybe, next year. Or he could hold out, make a couple hundred thousand and hurt his name, his wallet, and possibly risk injury that will kill his shot of getting a contract later on down the road...

He would be a complete fool not to sign and risk all that...

That being said, I would not trade him because when he does see the field he is going to play amazing this season, in hopes of getting a big deal!

JollyRob68
04-23-2012, 12:28 AM
Kevin Colbert should address it Monday at his pre-draft press conference. I hope Wallace is in town and Signs it on monday if not trade him for at least a second rounder this year and another pick or pick next year. Rams,Vikings,Dolphins.

MDSteel15
04-23-2012, 06:51 AM
Whoever Wallace is listening to has led him stray. He is not worth the money that he is asking for and now he has cost himself a junk ton of money this season. If he holds out, the only person he is hurting is himself. He could sign now, make 2million dollars and hit the open market, maybe, next year. Or he could hold out, make a couple hundred thousand and hurt his name, his wallet, and possibly risk injury that will kill his shot of getting a contract later on down the road...


Right there is his problem! Whomever his agent or "Home Boys" are that are in his ear is screwing him over... That's what usually happens to a lot of these young athletes.

CoachC
04-23-2012, 11:38 AM
Right there is his problem! Whomever his agent or "Home Boys" are that are in his ear is screwing him over... That's what usually happens to a lot of these young athletes.

Yup, sad to see... I wonder if his agent or boys will still be there if he ends up broke, hurt, with no contract at all...

Wallace has the skills to be a top flight receiver and guy. Hopefully this all blows over and is resolved soon!

ChucktownSteeler
04-23-2012, 12:01 PM
I hope this i snot true, but if it is Wallace will probably be traded. He is not worth that type of money and even if he was the Steelers can't pay it, where they are with the cap.

I hope a reasonable long term deal can be reach, barring that a trade (Seahawks).

C-town

gtadroptop
04-23-2012, 01:01 PM
Hold out against the Steelers? For a long term contract with numbers he thinks he's worth? Interesting.

BlitzburghRockCity
04-23-2012, 01:11 PM
Steelers wide receiver Mike Wallace may not be happy about his current contract situation, but there's not much he can do about it. The Steelers know it.


"We're not worried about the reports. He's still here. We will deal with it day to day," GM Kevin Colbert said at a pre-draft press conference Monday.




There is no reason for the Steelers to be worried. They say Wallace's situation won't affect their draft plans. ESPN reported that Wallace won't attend voluntary work anytime soon, choosing to wait before signing his one-year tender as a restricted free agent.

NFL.com (http://www.nfl.com/news/story/09000d5d82886361/article/steelers-not-worried-about-mike-wallace-reports-)

LatrobePA
04-23-2012, 01:19 PM
Wallace is a douche!

coldrolled
04-23-2012, 03:16 PM
Is restricted free agency heading toward extinction?

By Dan Hanzus NFL.com

If you were left perplexed by the lack of an offer from another team for Pittsburgh Steelers wide receiver Mike Wallace when he was a restricted free agent, you weren't alone.

Wallace is coming off back-to-back 1,000-yard seasons and is just entering his prime at 25. He's an established playmaker who stretches the field and finds the end zone. Beyond that, the Steelers' precarious cap situation meant he could've been had with a front-loaded deal.

So what happened? As it turns out, the restricted free agency system itself hurt Wallace. Players once moved regularly in this system, but now it's near extinction. According to ESPN.com's Andrew Brandt, between 2003 and 2008, 20 RFAs changed teams via an offer sheet. But since 2009, just one player -- running back Mike Bell -- has done so.

A lot of this goes back to draft picks. Now that the new collective bargaining agreement has lessened the financial obligation to incoming rookies, teams are far less willing to part ways with their picks.

Signing someone to an expensive deal and giving away the rights to draft a cost-effective young player is simply too steep a price.

Don't expect a resurgence in the RFA market, either. The new CBA mandates all rookie contracts to have a term of four years, eliminating the third-year restricted free agency for every player drafted between 2011 and 2020. The only players eligible to become restricted free agents will be undrafted players and drafted players whose four-year deals didn't last.

So yes, restricted free agency is headed toward dinosaur status. Don't take it personally, Mike Wallace.

BlitzburghRockCity
04-23-2012, 03:59 PM
Coach Mike Tomlin said he is not bothered about reports about whether wide receiver Mike Wallace will play for the Steelers this season.

And general manager Kevin Colbert said the Steelers' goal remains the same: To sign their Pro Bowl receiver to a contract that will keep him with the team for a long time.

Wallace did not receive any offers from other NFL teams before last Friday night -- the deadline for restricted free agents to sign with another team. But he has also not signed the $2.7 million offer he was tendered as a restricted free agent by the Steelers -- and there have been various reports that he might not do so.

"We're not worried about reports," Tomlin said today during a pre-draft news conference on the South Side. "There were reports he was going somewhere every day in restricted free agency and he's still here. So we'll deal with it day to day."
"Our goal with Mike has always been and always will be to sign him to a long-term contract," Colbert said

http://www.post-gazette.com/stories/sports/steelers/tomlin-unconcerned-with-wallace-contract-situation-632755/

ChucktownSteeler
04-23-2012, 06:19 PM
The only ace he has is to sit out the first 10 games, sign for $551,000.00 and be a UFA next year.

C-town

Real Deal Steel
04-23-2012, 06:50 PM
Wallace will try and come back late, blow a hamstring over training and be done for the year. That's what usually happens.

I predict that Sanders has a breakout year.

Sanders will get plenty of reps alongside Brown and those two speed monsters along with Cotchery will give us the passing game we are looking for.

In my mind, Wallace is already gone.

gtadroptop
04-23-2012, 06:50 PM
He'll get a real warm welcome in his first home game if he pulls that crap.

I just don't get what he and his agent are hoping to accomplish with a hold-out, other than the animosity of The Nation and the organization. Don't try to back the organization into a corner. Sign the waiver. Report to camp. Learn the system. Perform during the season. Work on a new contract. If it doesn't work out here, then court new teams next year.

BlacknGoldHaze
04-23-2012, 07:46 PM
Wallace gambled and lost....round one to Colbert!

connecticutsteel
04-24-2012, 08:43 PM
If they trade Wallace which is unlikely they should take Draft picks instead of players.P.S i hope Wallace changes his Tampon by the 15th

Njsteelersnut
04-25-2012, 06:24 AM
I know we havent heard his side officially as far as the amount of money he is looking for......but if the reports are true he needs to come back down to earth...he is no Larry Fitzgerald....and no team is gonna pay him like he is. Im all for wanting to take care of yourself financially, but he needs to be realistic about what type of player he is at this point in his career. He surely isnt a top five receiver. Im of the opinion that if he doesnt want to be here than trade him and draft someone to take his place, because we surely cant afford to break the bank on him.

ChucktownSteeler
04-25-2012, 07:06 AM
I know we havent heard his side officially as far as the amount of money he is looking for......but if the reports are true he needs to come back down to earth...he is no Larry Fitzgerald....and no team is gonna pay him like he is. Im all for wanting to take care of yourself financially, but he needs to be realistic about what type of player he is at this point in his career. He surely isnt a top five receiver. Im of the opinion that if he doesnt want to be here than trade him and draft someone to take his place, because we surely cant afford to break the bank on him.

I couldn't agree more. I hope we can get the trade done either on or before the draft. Although not a great draft in some skill areas, there is depth at Guard in rounds 2 to 4 and I wouldn't mind seeing the Steelers solidify their OL for the next 10 years.

C-town