The Facts:
Wallace, who is coming off back-to-back 1,000-yard seasons and his first Pro Bowl appearance, becomes a restricted free agent March 13, the start of the NFL's new year. GM Kevin Colbert said the Steelers haven't ruled out using a franchise tag on Wallace, which would give them exclusive negotiating rights with him. "Certainly Mike has done a lot to establish himself as a Pro Bowl receiver, and we want to try to keep Mike here for the long run," Colbert said.
Reported by the Pittsburgh Tribune Review
Fantasy Football Diehards Line:
The Steelers can offer the third-year veteran a one-year contract that allows them to match any offer made to Wallace by another team and receive a draft pick if he signs elsewhere. As Profootballtalk.com notes, in the past, interested teams needed to cough up a first- and third-round pick plus a new contract to sign away top-shelf restricted free agents. That prompted PFT to wonder if a team like the Patriots picking late in the first round be willing to give up a first-round pick to sign Wallace? That question has to worry Pittsburgh.
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