Found March 23, 2012 on Bleed Black & Gold:

Even after the report that Mike Wallace was looking for a mega deal the Steelers still have real interest in keeping him long term.  This is no surprise as Mr. Rooney has called signing Wallace a priority since the offseason started.  Rooney wants Wallace to stay and that is his number one goal for the offseason.  He made it clear today that he would like to get it done quickly so it is over with.

“The sooner the better as far as we’re concerned but there’s two parties to it,” Rooney told the Tribune-Review. “We’ll have to see what we agree on so I don’t want to put any particular time frame on it or restrictions on it because these things take time and I wouldn’t want to box myself in on it.”

The Steelers are still relatively close to the cap right now.  Signing Wallace may be a priority but it is also going to force the Steelers to rework some other contracts as well unless Wallace takes a low number this season.  The team still has to sign its draft picks and still has a few holes to fill in free agency.  Keeping Wallace in the mix is the best idea for the team but not at the reported cost.

Wallace would have to take a more team friendly deal then 8 years and $120 million.  That is roughly an average of $15 million per season.  Wallace is going to have to be happy with $9-$11 million to stay with the team the way it looks.  That is a good deal for Wallace.  He may want that kind of money but he has not earned it yet.  Yes he has good stats but Fitzgerald has great stats.  He also goes after the ball much better than Wallace.  Mike is on his way but just not yet.  It is a good range that he should be happy about receiving.

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