Sources: Wallace Will Remain With Steelers
Oct 6, 2014 8:59 PM
Mike Wallace will remain with the Steelers after a Friday deadline passed with no team offering the restricted free agent an offer sheet, according to sources.
Pittsburgh's front office took a risk by not putting the franchise tag on Wallace and won $7 million with that gamble
They netted $6.8 million by putting a first-round tender on Wallace of $2.7 million instead of the $9.5 million tag.
Wallace hasn't reported to offseason workouts because he has yet to sign a contract tender.
He has until June 15 to sign it before the Steelers can cut the tender to $577,500 -- a loss of $2.1 million.
ESPN.com
Tags: Pittsburgh Steelers, Free Agent Rumor,