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Mike Wallace, Steelers Won't Talk New Contract Until After Season

Contract extension talks between the Pittsburgh Steelers and wide receiver Mike Wallace will be put on hold until next offseason, Mike Bires of the Beaver County Times is reporting. The news isn't shocking as the Steelers' organization traditionally does not negotiate contract extension once the regular season starts.

What that means is the 6'0, 199-pound wide out, who caught four balls for 37 receiving yards and one touchdown in Sunday's 31-19 loss to the Denver Broncos, will be paid $2.7 million this season. During the preseason, the Steelers were offering a contract of about $50 million for five years, Bires says.

For those not good with math, that's almost a $7 million difference, which could have been avoided if Wallace did not hold out for 34 days during preseason. Now, Wallace could become an unrestricted free agent or be slapped with the franchise tag next season.

For more on the Steelers, please be sure to visit our blog Behind The Steel Curtain and SB Nation Pittsburgh for all the latest news and updates.

Photographs by dizfunk used in background montage under Creative Commons. Thank you.