Steelers, WR Mike Wallace, Continue Contract Extension Negotiations

DENVER, CO - JANUARY 08: Mike Wallace #17 of the Pittsburgh Steelers runs the ball for a touchdown in the third quarter against the Denver Broncos during the AFC Wild Card Playoff game at Sports Authority Field at Mile High on January 8, 2012 in Denver, Colorado. (Photo by Jeff Gross/Getty Images)

NFL Network reporter Jason LaCanfora is reporting Saturday the Steelers and WR Mike Wallace have begun discussions surrounding a contract extension for Wallace. LaCanfora noted, though, "odds of a deal appear slim," and the Steelers do not negotiate contracts during the season.

Also in the report, which hasn't been previously reported, is Wallace is seeking $11 million this season, something the Steelers don't appear to be inclined to give him. We've mentioned prior to this a general range of the kind of contract Wallace could be looking for, based on other extensions and new deals given to wide receivers in the NFL.

Wallace skipped the team's entire offseason program, including all of its preseason games and didn't sign his one-year contract offer from the Steelers until Aug. 28.

As a restricted free agent, the Steelers made Wallace the highest level offer available in that system, which, for a wide receiver, was $2.7 million. Instead of signing it, Wallace did not participate in any team activities, but signed in time to be eligible for the team's Week 1 game at Denver.


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