Found March 01, 2012 on Bleed Black & Gold:

EPSN’s Adam Schefter is reporting that the Steelers will not use the franchise tag on Mike Wallace.  Wallace will be given the first round tender offer as a restricted free agent.  If any team were to sign him away we would receive their original first round pick in return.

The Steelers had to make this move.  The tender for Wallace looks to be around $2.75 million for the season.  The Steelers cleared up just over that by preparing for the release of Hines Ward.  To give Wallace $9.4 million would not have been an option as the Steelers do not and will not have that kind of cap space it seems.

Wallace could make huge money on the open market.  He is also not shy about knowing it either.  He wants his money and he knows he can get it in free agency.   Only time will tell if Wallace will remain in the black and gold.


No Surprise Mike Wallace Will Get 1st Round Tender If Not Signed By March 5th

Adam Schefter of ESPN reported Thursday morning that the Pittsburgh Steelers will not use the franchise tag on restricted free agent Mike Wallace should they not get him signed to a new contract in the next few days. The news comes as no surprise as the Steelers do not have the cap room to accommodate a projected $9.4 plus million franchise tag amount. The Steelers have been in...

2012 NFL draft: Possible selections for the Pittsburgh Steelers

Fresh off their second AFC Championship in three years the Pittsburgh Steelers were a strong favorite to repeat once again, but no one expected a first round loss. Expectations for Ben Roethlisberger and company were much higher than getting knocked out of the playoffs by a miraculous touchdown pass by Tim Tebow. The Steelers continuously have one of the leagues best defenses and...

Steelers Will Not Franchise Tag Mike Wallace

Per a report from ESPN’s Adam Schefter,  the Pittsburgh Steelers will tender coveted receiver Mike Wallace in preparation for the upcoming free agency period rather than placing a $9.4 million franchise tag on him. With yesterday’s news that they intend to release Hines Ward and Ben Roethlisberger’s contract restructuring, the Steelers now find themselves close to $3 million...

Pittsburgh Won't Franchise Tag Wallace?

Adam Schefter of ESPN noted that the Steelers won't place the franchise tag on restricted free agent receiver Mike Wallace. Fantasy Spin: So Pittsburgh will instead tender Wallace, hence leaving the risk of losing him to a receiver-needy team willing to pay a hefty price (namely a first-round Draft pick as compensation) for the ulta-talented speed demon.

Even with Ward gone, no reason to franchise Wallace

Adam Schefter at ESPN reported this morning that according to a source, the Steelers are not going to use their franchise tag on restricted free agent Mike Wallace.  The Steelers plan to place a first-round tender — and not the franchise tag — on restricted free agent Mike Wallace, a source close to the wide receiver told ESPN NFL Insider Adam Schefter. Even with Hines Ward...

Steelers Might Lose Mike Wallace, Hines Ward, James Farrior

Out with the old and in with the new, we presume.  The Pittsburgh Steelers are not only releasing the franchise’s all-time leading receiver Hines Ward, but also look to cut veteran linebacker James Farrior and aren’t expected to franchise tag star receiver Mike Wallace, either. “It’s not a done deal, but the percentages just aren’t there,” Ralph Cindrich tells Scott...

Report: Saints defense had “bounty fund” over last three seasons

In one of the most shocking revelations to come to light in recent years, ESPN’s Adam Schefter is reporting that the Saints instituted and carried out a “bounty fund” within their defense, over the course of the 2009, 2010, and 2011 seasons. The program, which is illegal under NFL rules, financially rewarded defensive players for specific plays made in the course of games,...

Report: Saints, Drew Brees still far apart in negotiations

According to ESPN’s Adam Schefter, the New Orleans Saints and quarterback Drew Brees still aren’t close with getting a long-term extension completed.  If a deal isn’t done by Monday, the Saints will slap Brees with the franchise tag so he won’t be able to hit the open market. Once Brees is tagged, the Saints will have until July 15th to get a deal done and remove the franchise...

Peyton Hillis Won’t Get Tagged, But He Might Get Bugged

k, what do spies do? From ESPN‘s Adam Schefter today come two revelations about Peyton Hillis, one surprising, one not so much. It turns out the Cleveland Browns give Peyton about as much of a sh*t as he gives them, and at the end of last season Hillis was considering retiring to take a job with the U.S. Central Intelligence Agency. Do what now? The Browns have made the decision...

Report: Peyton Hillis thought about retiring, joining the CIA

We reported a few days ago that the Cleveland Browns will not use the franchise tag on running back Peyton Hillis, but will try to re-sign him to a multi-year deal. ESPN’s Adam Schefter has confirmed that Hillis will indeed not be franchised. Schefter also mentioned that Hillis thought about retiring during this past season and joining the CIA.  Right now though, it’s not clear...
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