Steelers WR Mike Wallace Sitting Pretty Monday Evening After Recent Moves

Pittsburgh Steelers wide receiver Mike Wallace has to be feeling pretty good Monday evening thanks to some of the things that transpired around the NFL since Friday.

For starters, the Steelers were unable to place the franchise tag on Wallace, as expected, and now he is assured to hit the free agent market next Tuesday evening. In addition to that, the Kansas City Chiefs have reportedly signed wide receiver Dwayne Bowe to a five-year deal just prior to the Monday franchise tag deadline.

With Bowe now locked up, that means there will be one less free agent wide receiver for Wallace to compete with. That leaves Greg Jennings and Wes Welker as the only other high profile wide receivers that are scheduled to be unrestricted free agents once the new league year begins. That list could shrink to just Jennings by next Tuesday as the New England Patriots are reportedly working hard to get Welker signed to a new deal as well.

There are quite a few teams with both cap space and cash to spend, so Wallace will more than likely get at least $11 million a season, if not more, when the free agency signing period begins.

At this point Wallace is perceived to be the top free agent to hit the market now that Joe Flacco, Ryan Clady, Henry Melton and Jairus Byrd are no longer included on the list. Flacco agreed to a new six-year contract worth over $120 million this past weekend, while Clady, Melton and Byrd have all been franchised by their respective teams.

  • Maurice_hill_district

    There’s still no news about Wallace. Another team will sign him, just not yet.

  • Michael Mazanowski

    March 12th he will be a Miami Dolphin. Hasta luego! He will need to learn spanish to play in Miami!

  • Pete

    I never believed the Steelers would keep both Wallace and Brown. What Wallace wants to be paid is just to expensive to keep both of them. This isn’t like having Stallworth and Swann before free agency. Steelers will find WR talent mid to late rounds in the draft. No worries.

  • Michael Mazanowski

    Wallace: Hasta luego means see you later! I know Wallace you’ll ‘catch’ on or one for that matter . . .eventually!

  • Bradys_Dad

    Farewell Mr. Wallace. Joey Porter left for Miami for the $ as well. By the way – how’d that work out for ya Joey ? Oh ya, he came back after his playing days and retired as a Steeler after an “average” career down south. You won’t have the option to retire like that Mr. Wallace. Make your $ now because it’s the most you’re ever going to get. See you on the open market in 2015.

  • Michael Mazanowski

    Yes. . .Pete I’m a believer too!

  • Michael Mazanowski

    Yes Yes Yes!

  • Michael Mazanowski

    I’m so over the Wallace saga! Geesh!

  • Michael Mazanowski

    Mike Wallace ¡ hasta luego! La próxima vez que nos vemos nos va patear el culo

  • Jefferson_St_Joe

    Porter did not leave the Steelers voluntarily. He was cut and never offered the opportunity to reduce his salary, by my recollection.

  • Pauly S.

    Uhhh Joey Porter was 31 years old, Mike Wallace is only 26. Mike Wallace is entering his prime, Porter was nearing the end. That was back when the Steelers got rid of old players because they couldn’t play anymore, and now is when they let good young players go because they are broke and can’t afford them. Little different scenario I would say, and likely a much different result.

  • Michael Mazanowski

    It’s all about the benjamins! The fact of the matter is, in 2010, way past his prime, Porter signed a huge contract with AZ. I would love to see Wallace stay (not) but $ gets in the way! He’s a one trick pony.

  • disqus_wdLdx4W76r

    Michael Jenkins needs to visit Pittsburgh

  • Porter was cut, then went to Miami and amassed 32 sacks in three seasons, including 17.5 in his Pro Bowl year. I don’t know what you remember but that isn’t bad at all for a guy on the wrong side of 30.

  • Mikey Hoje

    Wallace breathed a HUGE sigh of relief as he entered FA without major injuries, knee, ACL or broken bone. He happy to wait for offers to “R’dough in”.

  • I think he’ll do fine. Really. He burned too many bridges here to stay, which is really a shame. He’ll get his money, and wherever he goes if they have a decent QB, he’ll be good. However, I still don’t believe he’d make a huge difference where getting a team to the SB is concerned. If he does go to Miami, they’ll have to do a lot more than just throw the ball to Wallace!

  • Chris92021

    One train of thought says Wallace seriously overestimates his value and gets good money but not great money, meaning he will get less than Vincent Jackson last season. Another train of thought says some team (like the Browns) will be mesmerized by his deep speed and forget his hands, route running, ability to get open, and focus are less than stellar. I think it will be the latter.

  • LucasY59

    I hope Wallace gets a 10+mil/yr contract with a team that will make him their #1 WR so the Steelers get the best comp pick possible

  • SteelSpine

    Then get ready for again frequent articles of interviews of people who know Wallace, saying so & so said Wallace arriving to Steelers soon to sign a contract, even though they’ll all turn out to be wrong again. “Sigh.”

  • Clint Martin

    Yeah what you said! Hey I know culo means ass

  • Clint Martin

    I watched some highlights of Julio Jones he is 10 times better than Wallace, he is a 10 million a year receiver.

  • Jason White

    I hope Mendenhall gets a job as a starter as well and produces for them. I also hope next year’s draft class is a deep one so the Steelers can take advantage of the extra picks especially if they are good ones.

  • Mikey Hoje


  • LucasY59

    It is only with a Restricted Free Agent that they are tendered at their original rd pick.

    Hopefully the comp pick for Wallace will be a 3rd rd which I believe is the highest comp pick given.

    the compensatory pick is given to the team that loses a UnrestrictedFA. what exactly determines the comp pick is unknown other than it is based on amount of the contract signed as well as playing time, pro bowl selection and if the team that lost the UFA replaced the player with a comparable UFA.

    Dave recently posted that the Steelers should receive a comp pick for Will Gay and explained how the comp picks work as well

  • Kevin Gobleck

    Who knows maybe he’ll decide to stay in Pittsburgh for cheap because he doesn’t care about the money and just wants to play the game he loves! :D……(yes that was sarcasm)

  • Kevin Gobleck

    Miami might just become my second favorite team if that happens

  • TJimmy

    I still dont get Mike’s mentality. If he turned down $10 million a year in Pittsburgh to get $1 million more somewhere else that’s not smart. He lost $7 million this year to get it

  • Ahmad

    Well if he goes to Miami, we’ll learn if letting him go in FA was a good move or not because we play them this year and I think the game is in Pittsburgh.

  • steeltown

    Business is business.. for the money that it wouldve taken to lock up Wallace, we can potentially sign K.Lewis and McLendon/Sanders and retain the services of Foote & Will Allen for one more season

  • steeltown


  • John Mazza

    yeah the rumor is he was offered 50 last season and wanted 55 because of Vjax.

  • John Mazza

    Pitt lets people leave when they cant afford them. Woodson. Foster. Burress. long list of WRs. the difference is pitt lets them leave in FA. the Pats get picks for their people.

  • John Mazza

    I was one hoping to cut will allen to save the 2m in salary to try to lock up wallace. didnt work out that way but we did need allen a lot this last year

  • steeltown

    Exactly.. He played great. He’s a solid player and the only guy with experience behind Troy and Clark that can be trusted to start, and something tells me he wont get too many offers in FA, he should be re-signed on a one year deal for around the vet minimum $850,000-$950,000 and hopefully we draft a Safety as well

  • Superdriller316

    I think it was all about the guaranteed money. AB only got 8.5 mil guaranteed. I think Mike was looking for 20-25 mil guaranteed.