The Facts: Following up on the ongoing story. ... The Wallace saga has come upon yet another significant date with very much the same action being taken -- nothing. Today is the (only) day the Steelers can slash Wallace’s still-unsigned one-year restricted free agent tender worth $2.72 million to $577,000 for the upcoming season. The Steelers won’t do that. “That’s never been an intention of ours,” GM Kevin Colbert said yesterday. “When we tendered Mike at the amount we did, the compensation through that tender, we really had no issue with that whatsoever because he is deserving of that.”

Diehards Line:Wallace skipped voluntary organized team activities over the past month along with mandatory mini-camp this week. Because Wallace has yet to sign his tender, and technically isn’t under contract, he was not required to attend any offseason practices. Colbert said that the organization is still confident that the two sides will come together on a long-term contract before the start of the season. “We want him to get a long-term deal that he deserves and I am real confident that we will be able to do that because when both sides want the same thing, it is only a matter of time,” Colbert said Wallace reportedly wants somewhere in the neighborhood of $12-16 million a year, which would put him among some of the top paid receivers in the league. As Tribune-Review staffer Mark Kaboly suggests, the Steelers will not pay Wallace that kind of money because they don’t believe in paying a receiver as much as their franchise QB. ... Stay tuned.