Last week Steelers G.M. Kevin Colbert said the team is committed to keeping soon-to-be free agent wide receiver Mike Wallace, and the franchise tag was still an option. But now that teams are free to use the franchise tag, the Steelers have reportedly decided against it.
Instead, the Steelers will use the first-round restricted free agent tender, not the franchise tag, ESPN’s Adam Schefter reports.
It’s easy to see why the Steelers wouldn’t use the franchise tag: They’re cap-strapped as it is, and the franchise tag costs about $9.4 million. The first-round restricted free agent tender only costs about $2.7 million.
Read more: http://profootballtalk.nbcsports.com...-mike-wallace/
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