Dec 19, 2011; San Francisco, CA, USA; Pittsburgh Steelers receiver Mike Wallace (17) during the game against the San Francisco 49ers at Candlestick Park. The 49ers defeated the Steelers 20-3. Mandatory Credit: Kirby Lee/Image of Sport-US PRESSWIRE

Rumors Of Long-Term Mike Wallace Deal Continue To Surface

There is no doubt about it. Pittsburgh Steelers wide receiver Mike Wallace prefers to get a long-term extension done with the team. He has a one-year, $2.7 million franchise tender on the table, but would like to have the knowledge that is in the Steelers future plans. If recent rumors are any indication, Wallace could be getting his wish soon.

They say ‘where there is smoke, there is fire’ and there has been plenty of smoke regarding Wallace’s contract situation as of late.

Last week, there were rumors surfacing that the two sides were making some progress in contract talks and that everything was headed in the right direction. The today, Jim Wexell of the Steelers Digest initially reported that Wallace had signed a new deal, but then backtracked on the report saying ‘someone pulled a quick one’ on him.

Mark Kaboly of the Pittsburgh Tribune-Review confirmed there was no deal yet.

Then there was tight end Weslye Saunders who tweeted out his congratulations to Wallace, before also backtracking on his comments. Perhaps he, too, was duped by Kaboly’s initial report or he has some inside information that Wallace and the Steelers don’t want out in the public just yet.

Whatever it is, the belief that Wallace will get a long-term deal is growing and a deal could be reached before the start of the season. Some numbers that have been floated around are 5-years, $42 million, which would be below market value for a player of Wallace’s caliber.

We’ll have to see if the two sides can keep heading in the right direction, but a deal does appear to be on the horizon.

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Tags: Mike Wallace Mike Wallace Contract NFL News Pittsburgh Steelers

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