Mike Wallace is yet to report to Steelers training camp, and now the team has suspended contract negotiations with the fourth-year wide receiver, according to a report from Ed Bouchette of the Pittsburgh Post-Gazette.
According to Bouchette's report, Wallace has taken a more commanding lead in the negotiations, and he -- not his agent Bus Cook -- was the one who decided it was best to hold out of training camp. Wallace is yet to sign his $2.77 million restricted free agent tender, but may have to do so if he wants to resume long-term contract talks. Steelers General manager Kevin Colbert said the team's best offer to Wallace is now off the table.
"We've chosen to not progress with negotiations at this point," Colbert said Thursday. "Once we made that decision, now we're in a different mode. We'll have to address any new negotiations if we get to that point."
Colbert stated that Wallace will have to sign the one-year tender of $2.7 million before they will resume negotiations on a multiple-year deal.
Wallace led the Steelers in receiving last season with 72 receptions for 1193 yards and eight touchdowns. He is reportedly looking for a long-term contract which will make him one of the NFL's highest-paid receivers.