NFL Network’s Jason La Canfora reports that there’s “real concern” from the Pittsburgh Steelers that they could end up losing WR Mike Wallace.
Wallace is a restricted free agent but the Steelers current cap crisis has left them very vulnerable to losing of their best weapons in Mike Wallace. So far, they’ve restructured a number of player contracts but still are sitting around $10 million over the cap. Because of this, they can’t apply the franchise tag to Wallace so the best they can do is put a first-round tender on him and hope that a team isn’t willing to give up a first-round pick for him.
La Canfora specifically mentioned that the Ravens and Patriots could be two teams to consider.
I’d throw in the 49ers who have already said that getting two receivers is at the top of their list. You can expect to see a lot of moves coming from the Steelers as they try to prevent losing one of their best players.