Mike Wallace’s holdout is coming to an end.
Wallace is on his way to Pittsburgh and will sign his restricted free agent tender and report to Steelers practice on Tuesday, Aditi Kinkhabwala of NFL Network reports.
Although Wallace has reportedly been unhappy that the Steelers weren’t willing to give him a long-term contract that made him among the highest-paid receivers in the league, he was always expected to sign the one-year tender offer and eventually play out the 2012 season for a base salary of $2.7 million. Next year Wallace will either get to test unrestricted free agency, or he’ll get a significant pay bump with the franchise tag.
The biggest question facing the Steelers is whether Wallace can learn new coordinator Todd Haley’s offense quickly, with the opener less than two weeks away. If he can, the Steelers just got one of the best deep threats in football back in their offense.
With Wallace in the fold, Jaguars running back Maurice Jones-Drew is now the NFL’s only holdout.