Mike Wallace contract update: Steelers offered WR more than Antonio Brown

Mike Wallace reportedly turned down a five-year, $50 million offer from the Pittsburgh Steelers. (Justin K. Aller/Getty Images) The Pittsburgh Steelers

Mike Wallace reportedly turned down a five-year, $50 million offer from the Pittsburgh Steelers. (Justin K. Aller/Getty Images)

The Pittsburgh Steelers actually offered more money to wide receiver Mike Wallace than they gave to Antonio Brown in a new contract on Friday — and Wallace still turned it down.

The Pittsburgh Tribune Review's Mark Kaboly reported that the Steelers proposed giving Wallace — who is currently holding out of training camp and refusing to sign a one-year tender — a five-year, $50 million long-term contract. That's more than the Steelers gave Brown in a five-year, $42.5 million deal. But Wallace turned down that offer.

Kaboly reported that this appears to be the end of the long-term negotiations between the Steelers and Wallace.

Now, the Steelers have had enough.

With the organization going out of their comfort zone and signing Antonio Brown to a 5-year, $42 million contract on Friday two years before his contract was up, the Steelers sent a strong and potent message to Wallace – don’t mess with us when it comes to contract negotiations.

There is no way Wallace will get the money he wants now from the Steelers now since Brown signed.

Kaboly speculated that Wallace could hold out until he absolutely has to sign the one-year tender — Nov. 13 — because there's no financial advantage to him reporting to camp now and since negotiations between the sides appear to be finished.

The Pittsburgh Post-Gazette's Gerry Dulac reported, meanwhile, that it would not be surprising if the Steelers tried to trade Wallace.

Do not be surprised if Steelers trade Mike Wallace during training camp. They no longer believe they can sign him long term.

— Gerry Dulac (@gerrydulac) July 28, 2012