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Steelers Confident About a Long-Term Deal for Wallace

Jason La Canfora tweets that the Steelers are continuing to make headway towards a long-term deal with WR Mike Wallace. Pure speculation suggests that the money saved from releasing OT Jonathan Scott could be used to bridge the gap between the WR and Pittsburgh in the contract negotiations.

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A source close to the Mike Wallace Contract negotiations has told ESPN Insider John Clayton that the Steelers are optimistic that a deal can get done before training camp. Wallace, a restricted free agent, was given restricted free agent tender in March, worth $2.7 million. He has chosen to ask for a long-term contract, instead of signing the tender.

Given the Steelers’ history with signing superstars, Clayton reports that a deal done within the next week would not be too surprising. “And that’s their history, they’ve always been good about taking care of their top players,” said Clayton. “So even though nothing is close at the moment, there is still time before the start of camp and people in the Steelers organization are confident they can get something done, that there will be no holdout, and Wallace will be signed to a long-term deal.”

Wallace is looking for a contract similar to that of Larry Fitzgerald, who signed an 8 year $128.5 million deal with the Arizona Cardinals in August 2011.