Mike Wallace Wants More Money From Pittsburgh Steelers, Could Sit Out Offseason Drills

Pittsburgh Steelers restricted free-agent Mike Wallace watched as Friday’s tender deadline came and went without any further offers from other NFL teams and now reports are circulating that Wallace may sit out offseason drills and possibly the start of training camp.

Several sources inside the Steelers’ organization says Wallace proclaimed that he would not sign his first-round tender “until he has to,” in an attempt to hold out for more money and a long-term contract.

Last season Wallace caught 72 passes for 1,193 yards and eight TDs, all of which were team highs. Over the last three seasons Mike Wallace has racked up 171 catches for 3,206 yards and 24 TDs.

Despite those NFL posted number the Steelers have refused thus far to create a long-term contract for Wallace and he is reportedly unhappy with the $2.7 million first-round tender he received.

According to Pittsburgh Steelers president Art Rooney the team wants to sign Mike Wallace to a multi-year contract however nothing has come from their talks.

Wallace will need to sign the current contract with the Steelers by June 15, if he failed to sign by that time the Steelers could choose to cut their offer to just $577,500, a lost of $2.1 million.

What terms Mike Wallace is seeking under a new long-term contract are not know at this time.

Here are some highlights from Wallace’s 2011 NFL season:

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Wallace has proven to be a valuable asset for the Pittsburgh Steelers since joining the NFL three-seasons ago, it looks like the ball is now in the Steelers court, they can keep their wide receiver happy or face the possible loss of their best producing WR in 2013.