No Franchise Tag Placed On Steelers Wide Receiver Mike Wallace
PITTSBURGH (93-7 The FAN) — The Pittsburgh Steelers chose not to place their franchise tag on wide receiver Mike Wallace Monday.
In turn, teams around the NFL will have the ability to offer him contract. Wallace is a restricted free agent, and the Steelers will have the chance to match any offer made to Wallace.
Had the Steelers franchised Wallace they would have owed him $9.4 million next season. The Steelers will instead tender Wallace by March 13.
Teams have until April 20 to sign Wallace to an offer sheet. Pittsburgh can negotiate a contract with Wallace throughout the free agency process.
Wallace has 170 career catches for 3,195 yards and 24 touchdowns since being drafted in the third round of the 2009 NFL Draft out of Ole Miss.