(NEW YORK) — Steelers fans can exhale: Mike Wallace is about to end his holdout. The wide receiver is set sign his restricted free agent tender and report to Steelers practice on Tuesday, according to Aditi Kinkhabwala of the NFL Network.
Wallace hasn’t ben with the team all summer due to a contract dispute. He is still playing under his rookie contract, and based off his performance with the team over the past two seasons, he feels he’s in line for a raise.
The 26-year-old Wallace will play out this season on a one-year deal with a base salary of $2.7 million. As a result, Wallace will be able to become an unrestricted free agent after the 2012 season, or he could get a significant raise in salary via the franchise tag.
While the team has yet to reward Wallace with a new deal, the team signed fellow wide receiver Antonio Brown to a five-year, $42.5 contract after just two seasons in the NFL.
Last season, Wallace caught 72 passes for 1,193 yards and eight touchdowns.
Copyright 2012 ABC News Radio
John Newsome and Anne Woolsey, CNN