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Steelers Won't Franchise Mike Wallace?

13

"The Pittsburgh Steelers plan to tender, not franchise, restricted free agent Mike Wallace, according to a source close to the wide receiver. This means another team could try to sign Wallace to an offer sheet that the Steelers would have the right to match -- or get a first-round pick in return. The highest qualifying offer for Wallace is about $2.75 million, nearly matching the amount that Pittsburgh is now under the salary cap. To franchise Wallace would cost Pittsburgh $9.5 million, which it currently does not have the salary-cap space to absorb." - ESPN Easily worth the 30th pick in this draft if the Niners offer Wallace more than $2.75 million. Thoughts?

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