Report: Pittsburgh Steelers Do Not Plan To Franchise Tag Mike Wallace

Thursday March 1st, 2012

The Pittsburgh Steelers do not intend to franchise tag wide receiver Mike Wallace, sources have told ESPN.

They instead intend to tender him, ESPN reports, which would allow another team to attempt to sign him to an offer sheet. The Steelers would have the right to match any offer, and if they decline, they could receive a first round pick in return.

Last week, Steelers general manager Mike Colbert said that he would like Wallace to stay with the club his entire career.

“We’re going to do everything we can to make sure Mike Wallace remains a Pittsburgh Steeler.” Colbert told ProFootballTalk, “And I think that’s Mike’s hope as well. Usually when you have two parties that share the same goal, it’s easier to achieve that goal.”

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