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Should We Make A Push For Mike Wallace?

typhoon2285

By typhoon2285
in Colts Football

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typhoon2285 Walk On

typhoon2285

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Idk when a tender is up (idk how tenders work) but when it is up should we make a push for him? hes a young wideout who can stay with luck for at least half of lucks career , he would prolly be a bit costly but if we signed him that would mean we wouldnt have to go recever in the 2nd or 3rd round nd we can get a cb and a te with those picks. idk thoughts?

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UndecidedFrog Walk On

UndecidedFrog

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Idk when a tender is up (idk how tenders work) but when it is up should we make a push for him? hes a young wideout who can stay with luck for at least half of lucks career , he would prolly be a bit costly but if we signed him that would mean we wouldnt have to go recever in the 2nd or 3rd round nd we can get a cb and a te with those picks. idk thoughts?

To pick up Wallace, we would have to surrender our first round pick to the Steelers.

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21isSuperman Walk On

21isSuperman

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when is a tender up tho?? like after the draft when our 1st is gone can we sign him then

I don't think that'll work. The deadline is probably before then; the league has it figured out so teams don't do that. And no, we shouldn't go after him because our first rounder is 1st overall and we need Luck more than we need Wallace

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UndecidedFrog Walk On

UndecidedFrog

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when is a tender up tho?? like after the draft when our 1st is gone can we sign him then

I think you need to read up on what restricted free agency is all about:

From http://en.wikipedia.org/wiki/Restricted_free_agent

In the National Football League, a restricted free agent (RFA) is one with three accrued seasons of service, who has received a "qualifying" offer (a salary level predetermined by the Collective Bargaining Agreement between the league and its players) from his current club. He can negotiate with any club through a certain date. If the restricted free agent accepts an offer sheet from a new club, his old club has "right of first refusal," a seven-day period in which it may match the offer and retain him, or choose not to match the offer, in which case it may receive one or more draft picks for the upcoming draft from the player's new club. If an offer sheet is not executed, the player's rights revert to his old club the day after negotiations must end.

Each player that signs a tender receives the one-year salary that corresponds to the tender level. Teams which choose not to match an offer on a player with a low tender receive a draft pick corresponding to the round in which the player was originally drafted (except that the highest pick that can be surrendered for such a tender is a second-round pick). For example, a player who was originally drafted in the sixth round of the NFL Draft would force the team signing him to give his former team a sixth-round pick in the upcoming draft as compensation for his service. No compensation is required for an undrafted player on the lowest tender amount, so teams with valued undrafted RFAs are taking a notable risk by offering such tenders.

Examples of possible outcomes

In addition to the following outcomes, if a player does not receive an offer sheet from his original team, he becomes an unrestricted free agent. If a player signs the offer sheet from his original team, he remains with that team.

  • Team declining to match offer sheet. Carolina Panthers cornerback Ricky Manning, Jr. was a restricted free agent in the 2006 offseason. Based on the tender placed on Manning by the Panthers, the team would receive a third-round pick in the NFL Draft if Manning signed with another team. On April 21, the Chicago Bears signed Manning to an offer sheet - a five-year contract worth up to $23 million. Although the Panthers had a full week to decide if they wanted to match the offer sheet, they announced on April 24 that they would not match. At this time, Manning became a member of the Bears and the Panthers received a third-round draft choice in the 2006 draft from Chicago.

  • Team matching offer sheet. Arizona Cardinals offensive guard Reggie Wells was a restricted free agent in the 2006 offseason. On March 17, the Buffalo Bills signed him to an offer sheet - a five-year deal worth approximately $18 million. Four days later on March 21, the Cardinals matched the Bills' offer sheet for Wells, and he reverted to the Cardinals.

  • Team consummating a trade. The Miami Dolphins offered wide receiver Wes Welker a second-round tender in 2007. Although it was widely rumored that the New England Patriots would offer Welker a seven-year, $35 million deal, the Patriots ultimately traded their second- and seventh-round draft picks to the Dolphins for Welker, signing Welker to a five-year, $18 million contract.

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typhoon2285 Walk On

typhoon2285

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To be able to get Wallace we'd have to give up our first round pick (#1) pick and we'd lose Andrew Luck.

This will never happen in a million years lol.

But does it ever expire???? what happens when every team uses their 1st rounder in april, what happens to the tender on wallace is it lifted nd hes able to sign anywhere without the steelers getting anything?

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Balzer40 Walk On

Balzer40

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But does it ever expire???? what happens when every team uses their 1st rounder in april, what happens to the tender on wallace is it lifted nd hes able to sign anywhere without the steelers getting anything?

Im not sure either, but maybe it goes to a future 1st rder.

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FireJimCaldwell Walk On

FireJimCaldwell

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Mike Wallace reportedly wants Larry Fitzgerald money(8 years 120 million). Even if the the Colts/Steelers agreed to compensation(future draft picks) to facilitate a trade, the Colts do not have the cap space to placate Wallace. He would have to be willing to play at the league minimum in 2012 with guarantees built into year 2, and to get a player to agree to do something like that a team would have to over compensate him for him doing them that favor.

Cap space, compensation and the potential extreme high value of the Colts 2013 # 1 will make the odds of Wallace being a possibility not very strong.

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MAC Walk On

MAC

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If the restricted free agent accepts an offer sheet from a new club, his old club has "right of first refusal," a seven-day period in which it may match the offer and retain him, or choose not to match the offer, in which case it may receive one or more draft picks for the upcoming draft from the player's new club. If an offer sheet is not executed, the player's rights revert to his old club the day after negotiations must end.

Each player that signs a tender receives the one-year salary that corresponds to the tender level. Teams which choose not to match an offer on a player with a low tender receive a draft pick corresponding to the round in which the player was originally drafted (except that the highest pick that can be surrendered for such a tender is a second-round pick).

I dont get it? so if say the draft is over, say like may 5th whos team is he on? is he still under contract with the steelers even tho its expired? when will he be a just a regular f/a

Frog just laid it out. He is the Steelers property unless he signs an offer with another team and and the Steelers don't match it (or work out a trade instead). If he doesn't get an offer it looks like he would remain a Steeler for one more year and then be an unrestricted free agent next year. My understanding is that the Steelers are trying to sign him to a long term deal. You have to doubt that he will ever be unrestricted - that would require taking on a lot of risk next year regarding injury. He will likely end up with a LT contract - the question is with who? One would assume that this has to be concluded one way or another before the draft.

MY question is why everything I've read suggests that it would cost a first rounder to sign him. The above says that the maximum would be a second rounder.

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HGRekks Walk On

HGRekks

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I dont get it? so if say the draft is over, say like may 5th whos team is he on? is he still under contract with the steelers even tho its expired? when will he be a just a regular f/a

It wouldn't be expired. For him to be eligible for first round compensation, the Steelers have to offer him a one year contract at the first round level. They did. In the time between the start of free agency and the week before the draft, any team who is interested has the right to negotiate another contract. If they do, the Steelers have 7 days to match, but not exceed it. If they match it, they keep Wallace. That is his new contract. If no one shows interest in him before the draft, he either signs his one year offer sheet or sits out.

Restricted free agency last until one week before the draft. After that, the player can receive no other contract offer, though the one from his team still stands.

Obviously a non-tendered player is an unrestricted free agent.

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typhoon2285 Walk On

typhoon2285

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Frog just laid it out. He is the Steelers property unless he signs an offer with another team and and the Steelers don't match it (or work out a trade instead). If he doesn't get an offer it looks like he would remain a Steeler for one more year and then be an unrestricted free agent next year. My understanding is that the Steelers are trying to sign him to a long term deal. You have to doubt that he will ever be unrestricted - that would require taking on a lot of risk next year regarding injury. He will likely end up with a LT contract - the question is with who? One would assume that this has to be concluded one way or another before the draft.

MY question is why everything I've read suggests that it would cost a first rounder to sign him. The above says that the maximum would be a second rounder.

thank you this helps my understanding of a tender a bit, so next season if nobody offers him anything hes still a steeler even tho his contract expired? how much would he make tht year?

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typhoon2285 Walk On

typhoon2285

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It wouldn't be expired. For him to be eligible for first round compensation, the Steelers have to offer him a one year contract at the first round level. They did. In the time between the start of free agency and the week before the draft, any team who is interested has the right to negotiate another contract. If they do, the Steelers have 7 days to match, but not exceed it. If they match it, they keep Wallace. That is his new contract. If no one shows interest in him before the draft, he either signs his one year offer sheet or sits out.

Restricted free agency last until one week before the draft. After that, the player can receive no other contract offer, though the one from his team still stands.

Obviously a non-tendered player is an unrestricted free agent.

i get it a lot better now, so its almost like a franchise tag hes there for 1 more year

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