Adam Schefter reported on NFL Live this afternoon that Mike Wallace will not be signing his RFA Tender. Wallace will skip all of the offseason programs. He plans to hold out until he gets a long term deal. That is the only deal he plans on signing.
Wallace had reported interest in getting a Larry Fitzgerald type deal. Many thought that it was to see if he could get more than he was worth and if someone would pay it. If no one would pay it then he would come back to the Steelers. Since Wallace and the Steelers can not come to a common ground on the contract that makes me think that Wallace really wants that type of deal. That is something he will never get in Pittsburgh.
Even with Wallace holding out it will not last long. He can not afford to miss an entire season. He is a speed guy. Speed does not last forever. He will not want to chance losing the money he could get. He also will not want to lose the money that will be coming out of his pocket with every fine he has to pay while he holds out.
Not a big surprise either that the day this news comes out is the day that Jerricho Cotchery signs back with the Steelers.