Today is the only day that the Pittsburgh Steelers can reduce wide receiver Mike Wallace’s restricted free agent tender from $2.72 million to $577,000.
According to Mark Kaboly of the Pittsburgh Tribune-Review, the Steelers have already decided to not slash a large chunk of Wallace’s salary for 2012, even though he still hasn’t signed his tender.
“That’s never been an intention of ours,” Steelers general manager Kevin Colbert told 105.9 The X’s Mark Madden yesterday, per the Tribune-Review. “When we tendered Mike at the amount we did, the compensation through that tender, we really had no issue with that whatsoever because he is deserving of that.”
Coltbert made it clear that they want Wallace to sign a long-term deal with the Steelers.
“We want him to get a long-term deal that he deserves and I am real confident that we will be able to do that because when both sides want the same thing, it is only a matter of time,” Colbert said.
The problem is that Wallace wants to make the same kind of money that some of the NFL’s top receivers are getting, but the Steelers aren’t will to give him that kind of money.