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Sources: No offers for Mike Wallace

Updated: April 21, 2012, 3:40 PM ET
ESPN.com news services

Receiver Mike Wallace will remain with the Pittsburgh Steelers after a Friday deadline passed with no team offering the restricted free agent an offer sheet, sources told ESPN.

The Steelers' front office took a risk by not putting the franchise tag on Wallace and won $7 million with that gamble, netting $6.8 million by putting a first-round tender on Wallace of $2.7 million instead of the $9.5 million tag.

Wallace hasn't reported to offseason workouts because he has yet to ...

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