Wallace Could Get the Franchise Tag this Offseason

The Steelers are considering throwing the never well received “Franchise” tag on number one wide out Mike Wallace, making it near impossible for the team to lose him this offseason.

Due to the new CBA, the agreement has eliminated the “First- and Third-Round” restricted free agent tender, which could result in more offer sheets for big name players – with Wallace being one of them.

Steelers general manager Kevin Colbert hinted that the team would consider using the tender on Wallace.

“Certainly Mike has done a lot to establish himself as a Pro Bowl receiver, and we want to try to keep Mike here for the long run,” Colbert said.

A “First Round” tender is worth $2.742 million in non-guaranteed base salary in 2012, whereas as the franchise tag for wide receivers is projected to be worth around $9.5 million. For Foster, his tender (available on the same link) is projected to be worth around $8 million.