Teams can begin placing the franchise tag on players Feb. 20.
Here are the franchise numbers for 2012:
Quarterback $16.1 million
Running Back $7.7 million
Wide Receiver $9.4 million
Tight End $5.4 million
Offensive Line $9.4 million
Defensive End $10.6 million
Defensive Tackle $7.9 million
Linebacker $8.8 million
Cornerback $10.6 million
Safety $6.2 million
As you can see, the cost to franchise Wallace would be $9.4 million, much too much for the salary cap-strapped Steelers to add to their cap.
But remember, the free agent market at many positions - including wide receiver - is ridiculously deep this year.
In other words, why give up a first-round draft pick to sign Wallace when you can sign DeSean Jackson, Wes Welker, Stevie Johnson, Dwayne Bowe or Marques Colston instead?
What this writer fails to point out is that they can tag Wallace, should they choose to do so, and then remove the tag and that hefty cap hit from it by getting him signed to a longer deal.
The first round tender off is only about 2.7 million last I checked, and they still have a few weeks yet to get under the cap to offer him that.