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Steelers Free Agency 2012: Mike Wallace Looking For $120 Million Contract, According To Report

The Pittsburgh Steelers still have one of the biggest restricted free agents on the market in Mike Wallace, and if the latest reports on his demands are to be believed, he is looking for a pretty significant payday. Our Steelers blog Behind the Steel Curtain notes that Wallace aims to be the highest paid wide receiver in NFL history.

Matt Barrows of the Sacramento Bee is reporting San Francisco looked into signing Steelers restricted free agent WR Mike Wallace, but ultimately declined to make an offer (nod to Steelers 101 for pointing it out). According to Barrows, Wallace is seeking a deal that exceeds Arizona WR Larry Fitzgerald's eight-year $120 million contract.

Now the chances that Wallace actually gets a contract that size, or even something approaching that level of pay, are remote, but I guess it never hurts to set your sights high in negotiations. It's possible that Wallace could be scaring some teams off, which could increase the chances that he will return to the Steelers in 2012.

For more Steelers coverage, visit Behind the Steel Curtain. Track all the moves in free agency at SB Nation's NFL hub.

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