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

Thursday April 12th, 2012

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.

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