Steelers tender offers to Wallace, five others
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The Steelers placed a first-round tender today on Pro Bowl receiver Mike Wallace, meaning he will be paid $2.7 million in 2012 and the Steelers will be protected in the event he receives an offer from another NFL team.
However, the Steelers placed the original, or lowest, tender on five other restricted free agents, including starting guards Doug Legursky and Ramon Foster. That means they would receive nothing in return if either player signed with another team.
By tendering Wallace the highest offer, the Steelers are ensuring they would receive a No. 1 draft pick in return if Wallace signed an offer sheet with another team and the Steelers decided not to match the offer.
The Steelers have said they want to sign Wallace to a contract that would keep him with the team for a long time and have already had discussions with his agent, Buss Cook.
Legursky and Foster will be paid $1.26 million in 2012, but, because they were undrafted free agents, the Steelers would not be compensated with a draft choice if they signed with another team.
Also receiving the original tender and a $1.2 million salary in 2012 were cornerback Keenan Lewis, safety Ryan Mundy and tight end David Johnson. The Steelers would receive a third-round choice for Lewis, a sixth-round pick for Mundy and a seventh-round choice for Johnson if they signed with another team.
First Published March 12, 2012 3:59 pm