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Report: Steelers' Mike Wallace Has No Interest In Franchise Tender, Wants Bigger Deal

Pittsburgh Steelers wide receiver Mike Wallace was slapped with the franchise tag last month, so he's not going anywhere -- but according to ESPN's Adam Schefter, he has no interest in signing his tender.

If Wallace signed, he'd be agreeing to remain a Steeler for one year and $2.7 million; understandably, he'd much rather work out a long-term deal to earn far, far more than that. The Detroit Lions recently signed Calvin Johnson for seven years and $132 million, and the Arizona Cardinals inked Larry Fitzgerald last year for eight years and $120 million. Wallace thinks he's in that elite class, and he might be right.

As a third-year pro last year, Wallace made 72 catches last season for 1,193 yards and eight touchdowns. He was a big reason that the Steelers were one of the NFL's most explosive offensive teams last year.

Wallace was the Steelers’ third-round pick in the 2009 NFL draft out of Mississippi. He’s made 171 career catches for 3,206 yards. He was named a Pro Bowler for the first time in 2011.

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