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Mike Wallace has a big decision to make

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The guy who shares a name with the late star of 60 Minutes has roughly 48 hours to make a fairly important decision.

Steelers receiver Mike Wallace, a restricted free agent with a $2.7 million one-year tender offer, has two days to sign the deal or risk seeing his compensation plunge by more than $2 million.

The CBA gives the Steelers the right, on June 15 and June 15 only, to withdraw the tender and replace it with a 10-percent raise over Wallace’s 2011 pay.  The end result would be a new tender of $577,500.

Despite indications that the Steelers won’t further alienate a player who already is miffed with the team, it would be foolish for the Steelers not to take full advantage of the rules.  They did so when applying the one-year restricted free agency tender, instead of letting Wallace become an unrestricted free agent.  And the money he’d lose on Friday pales in comparison to the money the team kept out of his pockets by blocking his path to the open market.

Of course, it wasn’t real bright for the Steelers to use three-year contracts on mid-round draft picks at a time when the labor deal permitted a maximum deal of four years.  By saving some signing bonus money via the use of a shorter contract, the Steelers put themselves in this predicament with Wallace, who otherwise would be signed for 2012 at the fourth-year minimum salary.

Their three-year-contract habit also has laid the foundation an identical mess next year, when 2011 team MVP Antonio Brown becomes a restricted free agent.

The new labor deal protects the Steelers from themselves moving forward, since it mandates that all draft picks sign four-year contracts.  It also protects the Steelers against a prolonged holdout from Wallace by giving them the tools to make Friday the 15th feel more like a Friday the 13th.

So why not make it known to the player that they plan to do it?  He’d then sign the tender and talks could continue on a long-term deal with the Steelers assuming the position of strength that comes with having the player under contract.

Wallace reportedly plans to sign the tender only when he has to.  The Steelers can, with the threat of reducing his tender by more than $2 million, put him in a position where he has to.  And he’ll still end up with more money than he would have made than if the Steelers had just signed him to a four-year deal in the first place.

So, basically, the Steelers have an opportunity to rectify the blunder that made Wallace a restricted free agent in the first place.  The only question is whether they’ll make matters worse by not making it clear to Wallace that his salary will plummet to $577,500 if he doesn’t sign by Friday.

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62 Responses to “Mike Wallace has a big decision to make”
  1. steelerfanjo says: Jun 13, 2012 9:13 AM

    WR’s are a dime a dozen in the NFL. Wallace is good, not great. He disappeared for the last 8 games of the season. Never overpay for WR’s – good teams get this.

  2. theglap says: Jun 13, 2012 9:17 AM

    Repeatedly calling the move a blunder is pretty strong coming from not even a “has been” but a “never was” in the grand scheme of actually doing something with football. Maybe I am crazy, but I’ll put my trust in the decisions of a team that has historically and recently been one of the smartest cap management teams and guess that they did what they did for a pretty good reason.

  3. ihateravens says: Jun 13, 2012 9:17 AM

    Steelers will do the right thing – They always do

    This is why the Steelers are a class organization not like the team in Baltimore.

  4. clashpoint says: Jun 13, 2012 9:20 AM

    A lot of variables are left out of this article. If sportswriters can only think of players in terms of money, isn’t it more than hypocritical to critize those who play sports for money when they negotiate for it?

    The Steelers have repeatedly said they would like to resign him to a long term contract and they still think they can – if he gives them a hometown discount. The wave of his teammates’ selflessness with all the contract reworkings they did during the offseason might influence his decision as well; after all, where does any raise Wallace might get come from?

    I think if they chop their money offer to Wallace now, he absolutely is gone after this season. A show of good faith now means perhaps Wallace will take a hometown discount later. He has out-played his contract and he’s certainly no Stonetonio Homles in the locker room, where his peers think very highly of him. He’s earned at least this much respect.

  5. ravenator says: Jun 13, 2012 9:22 AM

    And the Steeler fans say their GM Colbert is a genius, riiiight….

    Team Implosion in 3…2…1…

    This is going to be fun to watch :)

  6. eaglesw00t says: Jun 13, 2012 9:23 AM

    The whole restricted FA thing is passe.

    Wallace is being forced to take 2.7 when in reality, he should be making in the 7-8 range on the open FA market, with a fat signing bonus.

    In the current NFL, there should be no more restricted status. If your contract runs out, you should be a FA. Sign a contract with the highest bidder, or force the team to use the franchise tag.

    He is being seriously lowballed here.

  7. packfntk says: Jun 13, 2012 9:24 AM

    Wallace should sign the tender, report, and then try to work something out. Too late in the game for this crap.

  8. redguy12588 says: Jun 13, 2012 9:29 AM

    “Of course, it wasn’t real bright for the Steelers to use three-year contracts on mid-round draft picks at a time when the labor deal permitted a maximum deal of four years. By saving some signing bonus money via the use of a shorter contract, the Steelers put themselves in this predicament with Wallace, who otherwise would be signed for 2012 at the fourth-year minimum salary.”

    THANK YOU CAPTAIN HINDSIGHT!

  9. steelcity36 says: Jun 13, 2012 9:30 AM

    “Of course, it wasn’t real bright for the Steelers to use three-year contracts on mid-round draft picks”…

    “the Steelers have an opportunity to rectify the blunder”…

    Someone help the Steelers! They keep drafting pro bowl caliber players in the mid to late rounds! What a blunder!

  10. lichnor says: Jun 13, 2012 9:30 AM

    It’s a mess regardless if it happens in 3 years or 4 years. If anything, making it 3 years gives the Steelers a little more of a window to get a player under a second contract before they sky rocket in talent, and price.

  11. electionconfidential says: Jun 13, 2012 9:31 AM

    Guy’s getting messed over here. He ought to sit out the whole year and see how they like that… I mean the owner wants more ground and pound anyway, right?

  12. stanklepoot says: Jun 13, 2012 9:33 AM

    The problem with dropping his salary that much is that you can end up with a situation similar to the one the Chargers were in with Vincent Jackson. If you drop the tender offer to that amount for a star receiver you put them in a position where it might in fact make more sense for them to sit out the first 10 games of the season, since the risk of a reduced contract in case of injury could outweigh the loss in salary this year. Sitting out the first 10 games on a tender offer reduced to $577,500 would cost him just under $361,000. How much more would a serious injury cost him when it comes time to negotiate his next contract? Maybe that’s why the Steelers aren’t threatening to reduce his tender offer. Maybe they don’t want to back him into the same kind of corner the Chargers backed Jackson into. Threatening to reduce the tender might get him to sign it, or it could be seen as a further slap in the face that causes him not to sign out of anger. Given the timeline, he wouldn’t have a whole lot of time to calm down and make a smart business decision if it came to that. So, at that point, the Steelers would either have to choose not to reduce the offer and look soft, or reduce the offer and back Wallace into a corner in which sitting out might actually be the best business decision.

  13. stanklepoot says: Jun 13, 2012 9:38 AM

    packfntk says: Jun 13, 2012 9:24 AM

    Wallace should sign the tender, report, and then try to work something out. Too late in the game for this crap.
    _____________________________
    You mean like Wes Welker? Once he signs the tender, he has pretty much zero leverage. He’ll be under contract, so they can fine the heck out of him for holding out if he later finds that the team has zero interest in working on a long term contract this year. At least this way he’s not under contract, so he can’t be fined for holding out. I’m not saying he shouldn’t sign the current tender. I’m simply saying it’s not as easy of a decision as you make it out to be. This isn’t some hobby, it’s a career…and one that doesn’t last too many years for most players. Players want to get the most the can now, because they have no idea what the future holds for them.

  14. anpsteel says: Jun 13, 2012 9:38 AM

    One

    Trick

    Pony

    Mike Wallace is doing more fighting for his money, than he’s ever done for a ball.

  15. napoleonblownapart6887 says: Jun 13, 2012 9:38 AM

    As a Steelers fan I’d like to see Wallace report, but at the same time I recognize that holdouts like these are the only leverage a player has in these negotiations – whereas a team can force a player to take a paycut or be given their outright release.

    Should Mike be making more than $2.7mm this year? Definitely, but the Steelers have a fairly good track record of getting these sort of deals squared away (just look at Lamarr Woodley).

    The only thing I would caution Wallace on is that typically the Steelers draw the line pretty hard on hold outs (while they got the deal done, Woodley signed his franchise tender and reported) so hopefully both sides are working to get the deal done, but if there’s significant progress, might make sense to lace em up.

  16. dashmooz says: Jun 13, 2012 9:39 AM

    Wallace should sign the tender, shut his mouth, and put in one more year. This is the system you signed up for (Collective Bargaining Agmt). You aren’t a real free agent until next year, Wallace. Just because you’re old contract ran out, doesn’t mean you have leverage yet. The Steelers didn’t blink. Tell them they suck, tell them you hate this, tell them you will never play here again after this season, but sign or you will never be a free agent (as you need one more year).

    Then, if they franchise you, it’s a slightly different ballgame, but they still have the upper hand on you.

    Get used to it.

  17. tharoostah says: Jun 13, 2012 9:45 AM

    Why was Antonio Brown the team MVP when Mike Wallace had more yards and 6 more touchdowns than him?

  18. edavidberg says: Jun 13, 2012 9:49 AM

    If Wallace weren’t asking for an absurd contract he might have his long term deal in hand.

    The players agreed to this system. He may as well sign the contract and get in camp so he can have an incredible year. If he shows up late or halfway through the season and doesn’t have an amazing year, no team is going to come anywhere near Larry Fitzgerald type money for him. He disappeared at the end of last year.

  19. yeeeeeep says: Jun 13, 2012 9:49 AM

    this whole steeler receiver mess is the dumbest thing they’ve done in a while…guess they were due, too bad this will last for years to come via antonio.

  20. che1991 says: Jun 13, 2012 9:50 AM

    Wallace is trying to cash in now in a big way because he knows its all downhill from here. He’s never demonstrated growth in any wide receiver skills and is relying completely on being fast. In learning the craft of being a wide receiver, Antonio Brown has passed him up and Emmanual Sanders is threatening to do it too. Wallace knows that the last half of 2011 is relfective of his impending performance in 2012 and his ability to get big money as an UFA next year will drop substantially when that bad play continues.

    “Fast” fades with time. Without other skills to fill the gap, this guy’s value will drop sharply. The Steelers know this and that’s why they won’t break the bank for him and may not sign him long term after this selfish demonstration. He shot himself in the foot by saying he wanted “Larry Fitzgerald money” but he is really killing himself by showing what a bad teammate and a diva he is.

    The Steelers will let him leave next year as a UFA and spend their money on Brown and Sanders. With Heath Miller and Jerhico Cotchery they have sufficient weapons even without Wallace. All four of those guys have demonstrated a strong work ethic (especially Brown) and a “team first” attitude.

    Whatever team does sign Wallace will find out quickly that he’s a one trick pony and that they have overpaid. He’s just fast. He’s not Megatron or Larry Fitz.

    Additionally, the reason all these WR’s got 3 year deals instead of 4 year deals can be summed up in one name: Limas Sweed.

  21. rabbi187 says: Jun 13, 2012 9:51 AM

    I’m still surprised a team picking in the late 1st round didn’t go after this guy

  22. steelerfan77 says: Jun 13, 2012 9:57 AM

    The Steelr’s know what they are doing, Mike Wallace is a good receiver with potential to get better. We let Holmes go without skipping a beat. I am more worried about getting our defense and offensive line situations worked out.

  23. puhleezho says: Jun 13, 2012 10:04 AM

    Antonio Brown is Ben’s new #1 anyway.

  24. dasportsninja says: Jun 13, 2012 10:05 AM

    I hope he sits out the year! Steelers will be fine. This is just another example of a player who thinks he is above his team and the NFLPA, not to mention the collective bargaining agreement.

  25. realitypolice says: Jun 13, 2012 10:06 AM

    I’m sure every one on here would be completely happy making 50 to 75 percent less than other people doing the same job. I’m assuming this since everyone (except for eaglesw00t) seems to think Mike Wallace should be perfectly happy doing it.

  26. ostywithstripes says: Jun 13, 2012 10:13 AM

    Steelers fans are hilarious.

  27. jgg1 says: Jun 13, 2012 10:19 AM

    The Steelers already said they won’t drop his salary.

  28. rockthered1286 says: Jun 13, 2012 10:22 AM

    ihateravens says:
    Jun 13, 2012 9:17 AM
    Steelers will do the right thing – They always do

    This is why the Steelers are a class organization not like the team in Baltimore
    ______________________________

    So please inform us, what IS the right thing here? Furthermore, what is the wrong move that the Ravens apparently make? And what does either have to do with ‘class’ if you flat out can’t afford to pay your WR what he’s worth?

    Is the right move signing him to a big contract they can’t afford? because the Ravens surely have taken care of our talent players (Suggs, Ngata, Lewis, Reed, soon Rice and Flacco) or is the ‘right’ move not overpaying players not worth what they think they are? because the Ravens again do not overpay for poor talent (DaWan Landry, Adalius thomas, Bart Scott, etc.)

    Enlighten us my good man…

  29. ravenater says: Jun 13, 2012 10:23 AM

    After my comment above, I should point out that in another story today about Ed Reed not showing up for Ravens OTA’s, I said to watch for the “Steeler Trolls” showing up in 3-2-1…

    And look at me and what I did here! I just did above what I accused others of! I am a troll myself! Ain’t I the little devil?!

    In all honesty, I do prefer to post on every Steeler story to distract myself, instead of watching my Ravens burn to the ground, with facts like Reed holding out, Rice being unsigned, Suggs out for maybe the whole year, Lewis as old as dirt, Oher unable to block a fly, our coach crying about everything under the sun, etc. My team the Ravens might not win more than 2-3 games this year. Glad we won 2 super bowls last year though!

    A troll

  30. njsteelersfan says: Jun 13, 2012 10:23 AM

    ravenator says:Jun 13, 2012 9:22 AM

    And the Steeler fans say their GM Colbert is a genius, riiiight….

    Team Implosion in 3…2…1…

    This is going to be fun to watch
    _______________________________
    First of all you should learn something about football and the game !!! You have no knowledge about any part of football plain and simple you should learn something befor talking . We all know the Raven swepted the Steelers last year but what happen the year before . Your comments are like a 2nd grader whos loseing in a game and takes him ball and goes home . In the 16 years of the Raven tell us whats the reg season rec for the Raven/Steeler games ? How many AFC Noth campionships do the Raven have to the Steelers and how many times were they in the big show ? Please tell us with your wise knowledge of football

  31. clashpoint says: Jun 13, 2012 10:27 AM

    If the Steelers dont resign Wallace, perhaps that would open up enough cash to resign both Brown and likely starter Sanders next year. Both might have more long term upside anyways. They will still have Cotchery and would probably draft a wr or two as well. It might come down to how Mike Rainey does outside, or what promise rookies like Marquise Maze and the guy they took in the 7th this year show. There is a lot to this situation and there is a lot still to play out.

    However, a Probowl says 3rd round pick Wallace deserves his money.

  32. st1llerz1 says: Jun 13, 2012 10:30 AM

    @ravenator….

    You might want to look at your own roster in that cesspool you call in a city when looking for a meltdown.

    See Ray Rice…

    See Ed Reed…

    See Joe Flaccid…

    See Terrell Suggs…

    See 1/2 the team not showing up for OTAs…

    You guys have got a real commitment to excellence going on down there!

    As the Nest Burns…

    Wallace will sign and then you’ll proclaim him a one trick pony. Then he’ll either be signed to a long term contract, franchised or hit the open market next year.

    If he signs with the Steelers, he’s garbage. If he hits the open market, he’s the greatest receiver ever and you’ll proclaim him a crow by sundown. Same thing happened when they applied the restricted tag at that required a first round draft choice as compensation. The first day, he was either a Patriot, 49er, bungle or crow. It just depended on which team the poster backed. When it was apparent Wallace wasn’t going to sign with another team, he was just “a burner who knew only one route.” You fools just wait for the news to come out and slam Steelers management either way. Pathetic and petty. Jealous much?

    GO STEELERS!

  33. eggersthejerk says: Jun 13, 2012 10:32 AM

    “Of course, it wasn’t real bright for the Steelers to use three-year contracts on mid-round draft picks at a time when the labor deal permitted a maximum deal of four years. By saving some signing bonus money via the use of a shorter contract, the Steelers put themselves in this predicament with Wallace, who otherwise would be signed for 2012 at the fourth-year minimum salary.

    Their three-year-contract habit also has laid the foundation an identical mess next year, when 2011 team MVP Antonio Brown becomes a restricted free agent.”

    ………………………………………………………………………

    Great example of being “penny wise, dollar foolish”.

    Let’s see the Squealer fans tell us all how wise their team was for saving that extra signing bonus money back then.

    lmfao!

    .

  34. ravenator says: Jun 13, 2012 10:34 AM

    Haters out in full force, highest form of flattery is imitation, thanks for all the love and support Steeler fans, you guys are truly hilarious!

  35. eggersthejerk says: Jun 13, 2012 10:40 AM

    steelcity36 says:Jun 13, 2012 9:30 AM

    “Of course, it wasn’t real bright for the Steelers to use three-year contracts on mid-round draft picks”…

    “the Steelers have an opportunity to rectify the blunder”…

    __________________________________

    Someone help the Steelers! They keep drafting pro bowl caliber players in the mid to late rounds! What a blunder!

    ………………………………………………………………………

    The blunder isn’t that they drafted these guys. The mistake was not signing them to 4 year deals because the team wanted to save some signing bonus money. That’s the dumb move they are talking about.

    You really need to work on your reading comprehension. If you do, it would help keep you from making foolish comments like that one you just made.

  36. cnola23 says: Jun 13, 2012 10:44 AM

    That’s really sad they should pay him what he’s worth. 2 million is not much for a number one received who can stretch the field like him. He will probably sit out this year.

  37. steelbydesign says: Jun 13, 2012 10:45 AM

    Team Implosion in 3…2…1…

    This is going to be fun to watch

    ___________________________________

    Come on. Don’t people get tired of being wrong with comments like this?

    • The passing game won’t survive without Plaxico… no wait, it won’t survive without Santonio… Oh no, wait NOW it won’t without Mike Wallace

    • The Steelers defense won’t get a pass rush with Joey Porter gone, wait no, James Harrison steps in and wins DPOY?

    • Ben’s suspended for 4 games, the Steelers will never survive his absence

    • The Steelers defense is old and washed up (we were #1 in the NFL in many categories)

    I’m willing to admit the Ravens have a class organization and they don’t rebuild, they re-tool. The Steelers are the same way… So please stop predicting their demise EVERY time something happens… They’ll figure it out and/or re-tool, they always do.

  38. stew48 says: Jun 13, 2012 10:49 AM

    Actually, some interesting thoughts here, but certainly not the suggestion the Steelers cut his tender, and most certainly not the casual “one trick pony” stuff. I think that is used primarily because it sounds cool. By the way, there was a track star named Bob Hayes who parlayed speed into quite a career. While noone is with Johnson or Fitzgerald, this guy seems to be alone and catching the ball a lot with “just speed”. It is too obvious that his skills helped Brown (and vice-versa) and accounted for more Brown yards toward the season’s end to waste time here. But, they sure are loaded with WR talent.

  39. deljzc says: Jun 13, 2012 10:49 AM

    There are no issues and no causes for alarm. This is the timetable all RFA’s go through.

    June 15th means nothing because the Steelers have already said they are not going to reduce the 1-year, RFA offer. Florio calls it “taking advantage” of the CBA to reduce the tag, but there is a big disadvantage if you want to continue working with the guy and the Steelers clearly want to have Wallace long term.

    Negotiating a long term contract is difficult. Wallace wants free market money. Steelers want a contract that reflects they have the rights to Wallace this year and next (using the franchise tag).

    Who knows exactly how far apart they are, but they are apart…. for now.

    But the whole idea this is some huge detriment to the 2012 season in JUNE is silly, media-driven hysteria. If Wallace isn’t in camp by mid-August or isn’t on the field Week 1 and prepared, then it’s a story. Until then, this is just contract negotiations the way the CBA is set up.

  40. getyourownname says: Jun 13, 2012 10:54 AM

    Steeler fans are predictable. Yes, they are right that their FO normally drafts well and they almost always have a strong team despite any weaknesses. But apparently the insecurity is high, because otherwise they would acknowledge the mistakes that can and do occur, like the 3-year contract backfiring.

    To those who say this is not a mistake because it allows the team to re-sign a player for a longer renewal term before his price goes through the roof, that can be true, but only if you do, in fact, re-sign the player for a longer renewal term. When that doesn’t happen, you have exactly the problem you see now.

  41. eddiefnvedder says: Jun 13, 2012 10:59 AM

    better sign that contract soon before you become the #3 WR on the team again

  42. rdky221 says: Jun 13, 2012 11:03 AM

    let all the winey crybabies cry. heres something to cry about.. ill trade my $25,000 per yr for his $2 mil.

  43. descendency says: Jun 13, 2012 11:05 AM

    If he won’t sign a 2.7 million dollar tender, he certainly isn’t going to sign a 577k tender without basically a new contract agreed to.

    I have to believe his agent gets him to sign the 2.7 million tender and hit FA next year.

  44. ihatesteelers says: Jun 13, 2012 11:07 AM

    Steelers fans are a bunch of toothless gutless inbreeds, ravens gonna get the sweep again

  45. njsteelersfan says: Jun 13, 2012 11:11 AM

    ravenator says:Jun 13, 2012 10:34 AM

    Haters out in full force, highest form of flattery is imitation, thanks for all the love and support Steeler fans, you guys are truly hilarious!
    ————————————————-
    Its nothing about haters its all about ppl with knowing something about the game and not some dumb a$$ . Here a ? for you if Colbert is so dumb whats that make Ozzie Newsome you know have the NFLs best QB ever and all those rings dam the rest of the league should just rest their players since the Raven are going to win the big game anyway

  46. daysend564 says: Jun 13, 2012 11:18 AM

    Wallace isn’t worth $7-8M a year. Everybody but some Mike Wallace and some Steelers fans know this.

    If he didn’t open his mouth about making that much someone would have likely signed him to an offer sheet. You rolled the dice and lost.

  47. deljzc says: Jun 13, 2012 11:26 AM

    There is no guarantee if the Steelers had signed Wallace to a 4-year rookie deal, Wallace wouldn’t be holding out.

    If he feels he’s underpaid at $2.6 million, imagine if his 2012 salary was minimum ($595k).

    The 4-year rookie deal isn’t some panacea. Young players that outperform their contracts are still going to cause a stink with 1-year left on their rookie deals OR having an RFA tag on them.

    And honestly, there isn’t much difference in negotiating strength for the team/player in either situation.

  48. EJ says: Jun 13, 2012 11:33 AM

    Wallace is a decent receiver in a league where receivers with talent are in abundance. Teams know this, and that is why big money has been an issue for these players to get ahold of lately. Wallace will get paid, but not by the Steelers.

  49. stanklepoot says: Jun 13, 2012 12:23 PM

    lichnor says: Jun 13, 2012 9:30 AM

    It’s a mess regardless if it happens in 3 years or 4 years. If anything, making it 3 years gives the Steelers a little more of a window to get a player under a second contract before they sky rocket in talent, and price.
    ________________________________
    Apparently you’re not very well acquainted with the rules regarding FA, because it matters a great deal indeed. After four years in the league, the player cannot be tagged as a restricted FA. You either extend him before hand, use the actual franchise tag on him, or you risk other teams outbidding you for his services. Happily, this whole restricted FA mess will be over very soon. The new cba requires all drafted players be signed to at minimum a four year contract. I really don’t know how restricted free agency made it into existence anyway. Can you imagine a former boss saying “I know you fulfilled all of your contractual requirements, but I’m not going to let you work for anyone else, nor will I pay you what they would be willing to pay you if they could hire you.”? It’s ridiculous. If they don’t think you should be able to be a free agent after 3 years, then they always should have been signing draft picks to 4 year contracts. If they failed to do so, they should be the ones paying the price. Players should have to pay the price for their own mistakes, not those of the front office.

  50. pierrepoint1 says: Jun 13, 2012 12:36 PM

    Let’s have the Steelers re-wind the tape to a couple of years ago, and watch what cutting Vincent Jackson’s salary did for the Chargers.

    Jackson doesn’t show up until week 10, and ends up on the injury list, making that season a complete bust.

    The Chargers use the franchise tag on him the next year, but lose him to free agency the next year.

    The Steelers can save $2 million this year, but will have to pay Wallace next year, and then risk losing him the year after because the franchise tag is too high.

    The Steelers will end up paying up close to $10 million for 22 games, this season and next, and he can walk the year after.

    Give him a multi-year contract at the going rate for receivers, and you have him locked up for 3+ years.

    Short term gain for long term pain.

  51. stanklepoot says: Jun 13, 2012 12:40 PM

    realitypolice says: Jun 13, 2012 10:06 AM

    I’m sure every one on here would be completely happy making 50 to 75 percent less than other people doing the same job. I’m assuming this since everyone (except for eaglesw00t) seems to think Mike Wallace should be perfectly happy doing it.
    __________________________________
    You see, the way it works here is that there are a whole bunch of people who are so jealous of anyone more successful than they are, that they attack any player who wants to cash in on a portion of the billions of dollars they make for the owners. Kind of odd how so many sports fans can hate on pro athletes so much. The real irony was watching the same people make the same arguments during the challenge to the punishment of the Redskins and Cowboys that they attacked during the CBA negotiations. They absolutely screamed collusion when those two teams were punished, but mashed that old thumbs down button when people brought up the topic during CBA negotiations.

  52. stanklepoot says: Jun 13, 2012 12:53 PM

    rdky221 says: Jun 13, 2012 11:03 AM

    let all the winey crybabies cry. heres something to cry about.. ill trade my $25,000 per yr for his $2 mil.
    __________________________________
    Really tired of hearing how pro athletes make so much more than the average person. Of course they do. News flash: employers pay their employees based on what they perceive to be their value to the company. Pro athletes make the money they do because the owners believe they will make much more money off of them through improvements to the team and/or merchandising. While the NFL sponsors and supports a number of charities, it is not itself a charity. It is a highly profitable business. Do they make mistakes on certain players? Sure, but their revenue stream and unfailing profitability would indicate that they’re right a lot more than they’re wrong. You should worry less about what their employers think they’re worth, and more about what your employer thinks you’re worth. If there’s a miscalculation here, it’s more likely to lie with your employer than with the owners in the NFL.

  53. realdealsteel says: Jun 13, 2012 12:56 PM

    The Steelers are handling this situation the way they always do: by drafting another wide receiver who is just as fast but bigger!! We don’t let any player dictate ANYTHING to us.

    That’s why we have the Trophies and the haters have little or no trophies at all!

    Wallace can hold out as long as he wants. That just means more reps for Brown, Saunders and the new guy Clemons. Remember how Wallace came in and tore it up his first year? Clemons can do the same thing in this offense.

    Good luck with holding out Mr. Wallace. You better go consult with Santonio Holmes before you get totally assed out from the Steeler organization.

  54. stanklepoot says: Jun 13, 2012 1:00 PM

    “daysend564 says: Jun 13, 2012 11:18 AM

    Wallace isn’t worth $7-8M a year. Everybody but some Mike Wallace and some Steelers fans know this.

    If he didn’t open his mouth about making that much someone would have likely signed him to an offer sheet. You rolled the dice and lost.”
    __________________________________
    I’m not so sure about that. It is extremely rare for an actual offer to be made to a RFA. There’s a kind of gentleman’s agreement about that. It doesn’t always hold (like when the Pats signed Welker), but it’s rare to see a player of note get an offer sheet.

    “deljzc says: Jun 13, 2012 11:26 AM

    There is no guarantee if the Steelers had signed Wallace to a 4-year rookie deal, Wallace wouldn’t be holding out.

    If he feels he’s underpaid at $2.6 million, imagine if his 2012 salary was minimum ($595k).

    The 4-year rookie deal isn’t some panacea. Young players that outperform their contracts are still going to cause a stink with 1-year left on their rookie deals OR having an RFA tag on them.

    And honestly, there isn’t much difference in negotiating strength for the team/player in either situation.”
    _________________________________
    Actually, there’s one really big difference. If Wallace had a year left on his contract, the Steelers could fine the heck out of him for holding out every time he missed a mandatory OTA or camp. Since he completed the terms of his contract, however, Wallace can’t be fined because he technically doesn’t work for the Steelers organization at the moment.

  55. eaglesw00t says: Jun 13, 2012 1:22 PM

    realitypolice says:
    Jun 13, 2012 10:06 AM
    I’m sure every one on here would be completely happy making 50 to 75 percent less than other people doing the same job. I’m assuming this since everyone (except for eaglesw00t) seems to think Mike Wallace should be perfectly happy doing it.

    ——————————–

    Yah, Im really not understanding the thought process of a lot of people here. As of right now, I have 94 thumbs down for thinking Wallace should be able to go get a real contract, and not have to settle for 2.7.

    Bare minimum, some team would be willing to shell out 6 million a season for him. Without a doubt. But yet, because the Steelers have him in restricted status, and the league quietly agrees not to sign other teams RFAs, he is stuck making half that.

    Isnt this America? Isnt our country based upon a capitalist economy? Why exactly should he “shut up and go to work” when he is being forced to accept a contract for 1 year that is half of his value?

    I could understand if this were a Revis like scenario. But Wallace hasnt signed a real contract yet. He played out his rookie deal and didnt complain. Only to get rewarded with a 4th year on that deal that he doesnt want and is worth half what it should be.

    I dont get it.

  56. FinFan68 says: Jun 13, 2012 1:38 PM

    I think they will reduce the tender on the 15th if he doesn’t sign it before then. He will then hold out as is his right but he will not get any money until he signs a contract. That would be a favorable deal for the Steelers this year or he can hope a team will give him big money after being out of football for 18 months (after none of them would take him for just a 1st round pick). He is a speed guy and that usually goes around year 4-5. At worst, the Steelers lose Wallace and work on Brown’s deal now. At best, they sign him to a 3-4 year deal laced with incentives for less money than he believes he could get on the market. His issue is simply no money until he signs somewhere and the only team that he can do that with right now is the Steelers. It is simple for him–play for $2.7M this year and work a new deal or walk next year; or, hold out for a year, get paid nothing and then work outr a deal somewhere when free agency starts next year. It seems to be a no-brainer that he signs before the 15th.

  57. JaminJake says: Jun 13, 2012 1:44 PM

    Both sides are wrong in this case. Steelers for throwing this on the table and Wallace for thinking he deserves Fitz/Megatron money. There is a reason no one traded their first round pick for him.

  58. dcbassguy says: Jun 13, 2012 1:52 PM

    $2.7 mil is a lot of money for a guy that just runs straight ahead, no matter how fast he is.

  59. njsteelersfan says: Jun 13, 2012 1:59 PM

    Before Wallace can ask for anytype of big $$$$ first he has to learn how to run routes which means not just straight ahead and do this for more then one year . This is why no team even talked to him he wants the pay day for doiing a half of days work . This is like me paying a laborer a carpenters pay just wont happen

  60. covercorner says: Jun 13, 2012 4:44 PM

    If the Steelers reduce Wallace’s pay, he should hold out for the 1st 12 games of the season.

  61. ziggy26 says: Jun 13, 2012 7:50 PM

    Why is Wallace’s three-year deal a “blunder” by the Steelers? Are you suggesting that they should have anticipated him emerging as a Pro Bowl WR by year three? If that’s the case, then every other NFL team in the league committed an even more egregious error by not drafting Wallace before the Steelers took him in round three.

    Bottom line is, if Wallace’s career didn’t take off immediately, the Steelers would now be looking at a chance to negotiate a much lower deal with Wallace before he reached his fourth year in the league.

    Funny how hindsight can make anyone think they are extremely smart.

  62. misfits120 says: Jun 14, 2012 1:03 AM

    The Steelers will not be in the SB this year.
    Why is it the Steeler fans want to match championships with the Ravens, when the Ravens have not been in the league as long as the Steelers!

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