Since he's obviously not getting Larry Fitzgerald money, Mike Wallace might hold out
Now that it's becoming pretty clear that the market for high-priced WRs has dried up and the Steelers don't have the kind of money to shell out a huge contract like that, Wallace is giving signs that he's willing to hold out until he gets more than the $2.7M first-round tender that is currently on the table.
According to ESPN, if Wallace doesn't sign the tender by June 15, the Steelers can cut it to $557,500.
It seems like both the Steelers and Wallace are interested in a long-term deal, but the financial numbers are pretty far apart.
The unfortunate part for Wallace is that the Steelers are really the only team still interested. For any other team to sign him, they'd have to sacrifice a first round pick, which most teams believe is a bit steep for a WR like Wallace.
He's talking big now, but my guess is that Wallace will find some sort of agreement with the Steelers before a holdout is actually necessary. They've got too much leverage, and he really doesn't have much of a choice.