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Mike Wallace to be Tendered, not tagged

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ESPN's Adam Schefter confirmed on SportsCenter that the Steelers won't use the franchise tag on restricted free agent Mike Wallace.

Though a sense emerged that the Steelers will keep Wallace after GM Kevin Colbert's comments at the Combine, beat reporter Ed Bouchette hasn't been so sure, and the tender will leave the Steelers susceptible to aggressive, receiver-needy "predators" with late first-round picks. Whereas Wallace would have been locked in with Pittsburgh on the franchise tag, he'll be targeted for restricted free agent offer sheets on the first-round pick tender.

-Rotoworld

So..teams like SF, NE, etc may be pulling up to burn a late 1st on Wallace?

Thoughts?

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

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I'm not even sure I'd limit it to teams with late first rounders. Wallace is only 25 and has proven himself as one of the league's best receivers. I can't see why the Seahawks at #12 or the Eagles at #15 to replace DJax wouldn't be possibilities.

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If he leaves, what does that do to his value?

Obviously depends on what team. New England it moves him to Calvin tier, 49ers and he plummets.

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.

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The Bears will use their 19th on him.

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ESPN's Adam Schefter confirmed on SportsCenter that the Steelers won't use the franchise tag on restricted free agent Mike Wallace.

Though a sense emerged that the Steelers will keep Wallace after GM Kevin Colbert's comments at the Combine, beat reporter Ed Bouchette hasn't been so sure, and the tender will leave the Steelers susceptible to aggressive, receiver-needy "predators" with late first-round picks. Whereas Wallace would have been locked in with Pittsburgh on the franchise tag, he'll be targeted for restricted free agent offer sheets on the first-round pick tender.

-Rotoworld

So..teams like SF, NE, etc may be pulling up to burn a late 1st on Wallace?

Thoughts?

Wow.

If Schefter is reporting it then I'm buying.

Bump Emmanuel Sanders.

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.
Yeah, that is the interesting part. I agree with Jason Wood that he is out the door but it does make it interesting that you can sign a guy like VJAX or go with the pick.I guess that is why I am leaning towards "late first rounders" because I would think a Seahawks or a Bears would just pay money for a FA. But a team with multiple firsts (and one being late) might see it differently.

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Big Ben's head has to be ready to explode. First Arians and Ward are gone and now potentially Wallace?

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If he leaves, what does that do to his value?

Obviously depends on what team. New England it moves him to Calvin tier, 49ers and he plummets.
Not sure i agree with that. I think his current location is better than the pats. There really is only so many targets to go around. Welker, Gronk and Hernandez are all target hogs in their own right.

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Big Ben's head has to be ready to explode. First Arians and Ward are gone and now potentially Wallace?

I'd really like to know what he is thinkingIf Haley is as big of an ### as people say he is, this could be bad.

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The WRs on the market are not interchangeable. Every team is going to have their own views on each, and likely value them much more broadly than we might.

I see a few mentions of VJax. But the most recent reports suggest Jackson could still be franchised, and he may ultimately not be on the market. There's also the possibility that lots of teams like Wallace more than Jackson, or there are of course the realities that even if Jackson leaves San Diego, he can only sign with one new team.

None of us are GMs, but I would personally happily pay Wallace and surrender a late 1st rounder if I were New England or a few of the other teams toward the bottom of the 1st round.

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.
Yeah, that is the interesting part. I agree with Jason Wood that he is out the door but it does make it interesting that you can sign a guy like VJAX or go with the pick.I guess that is why I am leaning towards "late first rounders" because I would think a Seahawks or a Bears would just pay money for a FA. But a team with multiple firsts (and one being late) might see it differently.
An interesting scenario would be Cleveland. What if they traded the 22nd for Mike Wallace? That would significantly change the team.QB-Trade for Flynn or RGIIIRB-Resign Hillis, have Hardesty, maybe draft Trent RichardsonWR-Wallace will be the big play guy, Greg Little already is a possession guy with upsideTE-They have a good assortmentOL-Solid

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.
Yeah, that is the interesting part. I agree with Jason Wood that he is out the door but it does make it interesting that you can sign a guy like VJAX or go with the pick.I guess that is why I am leaning towards "late first rounders" because I would think a Seahawks or a Bears would just pay money for a FA. But a team with multiple firsts (and one being late) might see it differently.
An interesting scenario would be Cleveland. What if they traded the 22nd for Mike Wallace? That would significantly change the team.QB-Trade for Flynn or RGIIIRB-Resign Hillis, have Hardesty, maybe draft Trent RichardsonWR-Wallace will be the big play guy, Greg Little already is a possession guy with upsideTE-They have a good assortmentOL-Solid
I can't see Cleveland getting RGIII without surrendering both 1sts this year, and then some.

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.
Yeah, that is the interesting part. I agree with Jason Wood that he is out the door but it does make it interesting that you can sign a guy like VJAX or go with the pick.I guess that is why I am leaning towards "late first rounders" because I would think a Seahawks or a Bears would just pay money for a FA. But a team with multiple firsts (and one being late) might see it differently.
An interesting scenario would be Cleveland. What if they traded the 22nd for Mike Wallace? That would significantly change the team.QB-Trade for Flynn or RGIIIRB-Resign Hillis, have Hardesty, maybe draft Trent RichardsonWR-Wallace will be the big play guy, Greg Little already is a possession guy with upsideTE-They have a good assortmentOL-Solid
I can't see Cleveland getting RGIII without surrendering both 1sts this year, and then some.
Agree with that but Can definitely see the other stuff Benson is talking about that basically puts Wallace and Flynn on this team. :)

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If he leaves, what does that do to his value?

Obviously depends on what team. New England it moves him to Calvin tier, 49ers and he plummets.
Not sure i agree with that. I think his current location is better than the pats. There really is only so many targets to go around. Welker, Gronk and Hernandez are all target hogs in their own right.
Yeah he won't be in Calvin's tier no matter where he goes because he's not as good of a wr

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Wallace is as good as gone. Too many teams with late round 1st will find his combination of talent and age worth that pick, IMHO.

its a first round pick and huge amt of money on a new contract.
Versus just paying Vincent Jackson the money and saving the pick. It's a debate.
Yeah, that is the interesting part. I agree with Jason Wood that he is out the door but it does make it interesting that you can sign a guy like VJAX or go with the pick.I guess that is why I am leaning towards "late first rounders" because I would think a Seahawks or a Bears would just pay money for a FA. But a team with multiple firsts (and one being late) might see it differently.
An interesting scenario would be Cleveland. What if they traded the 22nd for Mike Wallace? That would significantly change the team.QB-Trade for Flynn or RGIIIRB-Resign Hillis, have Hardesty, maybe draft Trent RichardsonWR-Wallace will be the big play guy, Greg Little already is a possession guy with upsideTE-They have a good assortmentOL-Solid
Any team who signs a RFA has to surrender THEIR original picks as compensation. The Browns cannot sign Wallce and give the 22nd (Atlanta) pick, they would have to surrender their original first round pick (4th pick). I haven't followed this but it sounds like the Steelers tagged Wallace with a first-round tender so the Browns would have to give up their first and third round picks so that won't happen.Some team picking late in the first round is the most likely candidate to pull the trigger but as others have mentioned their is a big pool of free agent WRs this year so its a cacluated gamble by Pittsburgh. If they lose him they have options and its possible that someone will fall in the draft and they could have two first-round picks.Its tough to replace the speed that Wallace brings so that is why Emmanuel Sanders could be a nice sleeper if Wallace is signed by another team.

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Considering how many first rounders wash out, I'd expect the pursuit of Wallace to be expanded from just the lower picks in the first.

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Is right of first refusal gone with the new CBA?

I don't think it's a bad move personally, if first refusal is still around. Steelers have cap issues, and if they can't afford him, at least they get a first and a third for their trouble (not bad for a 3rd round pick they've already gotten a ton of value from). If they can afford him after seeing what the market is like, no harm done and no hard feelings the Franchise tag might have generated.

Keep in mind, the restricted rights holders have an inherent advantage in negotiations. Every other team has to pay the picks AND the salary, the home team just has to pay the salary. Everybody seems to assume he's absolutely gone based on the tender, but I don't think it's that straightforward. This is EXACTLY the scenario those tenders are in place to support.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
:goodposting:

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
:goodposting:
I didn't say it would be easy. But if Pitt genuinely wants him back they'll make every effort to match or beat offers. If they don't want him back he'll leave.

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Haven't seen any cap updates since the Ward release but when Ben restructured last week they were supposedly right at the 2011 cap. Throw in Ward's release ($3.4 mill) and it looks like the same for Farrior ($2.8 mill), Aaron Smith ($2.1 mill) and Kemoeatu ($4.35 mill). These would clear another $12+mill and seem like the right moves even if they weren't tight against the cap.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
With Wards release they are around $3-4 million UNDER the cap.

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Haven't seen any cap updates since the Ward release but when Ben restructured last week they were supposedly right at the 2011 cap. Throw in Ward's release ($3.4 mill) and it looks like the same for Farrior ($2.8 mill), Aaron Smith ($2.1 mill) and Kemoeatu ($4.35 mill). These would clear another $12+mill and seem like the right moves even if they weren't tight against the cap.

:goodposting:

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Steelers fans having difficulty coming to grips here. If another team signs him (and I HIGHLY expect they will), Pittsburgh has the right to match, but is going to find it next to impossible to do so. Any team that signs him will know Pittsburgh's cap situation, and will structure the guaranteed money in such a way that PIT literally won't be able to afford to match.

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People keep saying NE, but I just don't see it due to Welker being a FA. They're going to franchise him, obviously, but I don't think that would make a bunch of sense to sign Wallace to a big deal and give up a 1st round pick and have Welker (who would probably be miffed) unsigned past this season. On top of this, Ocho Cinco appears to be coming back, as cutting him would cost NE cap room.

Also, how long until Gronk and Hernandez are done with their rookie deals? They're either RFA's after this season, or UFA's in 2 years right? You've got to factor in resigning those guys in the near future too.

If the Pats are going to sign a big FA wr, I think it's more likely that they choose Lloyd (a McDaniels guy) or Wayne (someone I'm sure Belichick has a great deal of respect for). Those guys should be cheaper $$$$ wise and you don't have to give up a 1st rounder for them.

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Any team who signs a RFA has to surrender THEIR original picks as compensation. The Browns cannot sign Wallce and give the 22nd (Atlanta) pick, they would have to surrender their original first round pick (4th pick). I haven't followed this but it sounds like the Steelers tagged Wallace with a first-round tender so the Browns would have to give up their first and third round picks so that won't happen.

Technically true although I believe it is only a first under the new CBA. Pittsburgh could decide that the offer is good enough to accept. I guess it depends on them getting cap relief next year. If they can't afford to sign him next year and/or they feel that a San Fran or New England are serious about matching his tender, they might be tempted to take the Browns offer.That said, I can't see them agreeing to trading him to a divisional rival. There is precident for this type of trade. San francisco traded Brandon Lloyd to Washington for a 2nd and 4th even though he was tendered as a 1st and 3rd.

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Steelers fans having difficulty coming to grips here. If another team signs him (and I HIGHLY expect they will), Pittsburgh has the right to match, but is going to find it next to impossible to do so. Any team that signs him will know Pittsburgh's cap situation, and will structure the guaranteed money in such a way that PIT literally won't be able to afford to match.

Agreed. Lots of denial by Steelers fans here. If Pittsburgh was 100% committed to keeping him they would of franchised him. But it appears to me that their cap situation is so bad they can't or don't want to do that.This seems like a longshot gamble by Pittsburgh. It looks like they're hoping a robust FA WR market will result in no team wanting to forfeit a 1st round pick for Wallace, so he stays with Pittsburgh at an affordale $2.3 million or whatever this season.

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The other thing that everyone seems to be forgetting. This isn't fantasy football, owning an NFL team is a business. If you take into account the amount of money that the Steelers have already restructured, they are messing with their future financial ability as well. Take the X's and O's out of the equation and look at it from an owners stand point. Which, in the end is the person that will hold the Coach and GM accountable in the long run.

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Steelers fans having difficulty coming to grips here. If another team signs him (and I HIGHLY expect they will), Pittsburgh has the right to match, but is going to find it next to impossible to do so. Any team that signs him will know Pittsburgh's cap situation, and will structure the guaranteed money in such a way that PIT literally won't be able to afford to match.

We shall see. I'll be surprised if Wallace leaves. The team owner and GM have said that keeping Mike Wallace is a priority. The Steelers have restructured contracts and are in the process of releasing aging vets to get well below the cap. Let's walk through the process here... Could Wallace sign a new deal with the Steelers before FA begins? YesCould they lose Wallace to some crazy offer in restricted FA? YesDoes Wallace want to stay in Pittsburgh? Who knows.Would Wallace allow Bus Cook to enter a contract that would preclude the Steelers from matching (loaded 2012 salary rather than signing bonus)? Who knows but I suspect the Steelers have been in touch regarding this possibility. Could teams pass on signing Wallace for a 1st rounder and instead decide to sign a comparable FA? Yes Could Wallace decide none of the offers are appealing and his best bet is to play out his restricted FA offer and hit the open market next year or sign a 2-year deal (like Jermichael Finley) and hit the open market in 2014 when the new TV money hits? Yes

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The other thing that everyone seems to be forgetting. This isn't fantasy football, owning an NFL team is a business. If you take into account the amount of money that the Steelers have already restructured, they are messing with their future financial ability as well. Take the X's and O's out of the equation and look at it from an owners stand point. Which, in the end is the person that will hold the Coach and GM accountable in the long run.

They are definitely taking a fairly large gamble, predicated on the idea that there will be significantly increased cap ceiling in the next couple years.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
With Wards release they are around $3-4 million UNDER the cap.
According to FBG Mobile news the Steelers are almost $8 million under the cap right now.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
With Wards release they are around $3-4 million UNDER the cap.
According to FBG Mobile news the Steelers are almost $8 million under the cap right now.
Rookies + filling out roster=5 million probably. Wallace will cost at least 7 million a season.

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He isn't going anywhere. I find it hard to believe that somebody will sign him to a big enough contract that Pittsburgh won't match and give up a first round draft pick. I like Wallace a lot, but no way is he worth both huge money and a first round pick.

Sure he is. He's an upper tier talent and a sure-thing. Late 1st rounders bust all the time. He's absolutely worth it IMO, though if Pitt wants him back they'll beat any offer.
How is it so easy for Pitt to "beat any offer" if they are in cap hell, which they are?
With Wards release they are around $3-4 million UNDER the cap.
According to FBG Mobile news the Steelers are almost $8 million under the cap right now.
Rookies + filling out roster=5 million probably. Wallace will cost at least 7 million a season.
True but the Steelers are not done cleaning house. They can make the room to keep Wallace as long as they want to and the offer isn't completely out of line.

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