According to ESPN’s Adam Schefter, the Pittsburgh Steelers will have a hard time re-signing wide receiver Mike Wallace who’ll be a restricted free agent once March 13th comes around.
Schefter indicated on NFL Live that the Steelers are currently $11 million over the salary cap and the Bengals have $60 million in cap space. Not to say Wallace will go to the Bengals, but if they want him, they could certainly throw the money at him to entice him to go to Cincy.
Since Wallace is a restricted free agent, in order for a team to acquire him, they’ll have to give up a draft pick because the Steelers will likely tender him as a first round pick. I’m sure teams around the league wouldn’t mind give up a first round pick for a 25 year -old receiver that is entering the prime of his career.
In the end, there are plenty of teams like the Bengals who have the money to go out and offer Wallace a big contract. The Steelers will have to somehow create enough cap room to even make him a competitive offer.Follow PFZ on Twitter @ProFootballZone