The Pittsburgh Steelers tendered wide receiver Mike Wallace for a first-round pick because the team is having some serious salary cap issues, which means that the chances of re-signing the stud wide receiver are becoming more and more unlikely.
This means that if a team makes an offer for Wallace, the Steelers have a chance to match it. If the Steelers decide to not match the offer, then Pittsburgh will receive the first-round pick of the team who made the offer.
The Denver Broncos own the 25th overall pick in the 2012 NFL draft, and I believe they should use this pick on the stud wide receiver.
The team's receiving corps is below average and the defense is suspect, as they ranked 20th in the NFL last season. These facts alone make it extremely difficult for me to see the Broncos hoisting up the Lombardi trophy with their current roster.
The team has expressed their need for a wide receiver, but it is hard to tell if any of the top receivers will fall to them that late in the draft. Mike Wallace is a proven target, and at age 26, he is still young enough to build around.
NFL insider Jamison Hensley thinks that the Broncos will go after Wallace, and he says that the team has the cap room to pay him after a trade:
As I speculated earlier this morning, the one team I would watch going after Wallace is the Broncos. They have the cap room ($40 million before the Manning signing), the late first-round pick (25th overall) and the need for a dependable wide receiver.
If the team did acquire Wallace, then they should still have enough room to sign other players like cornerback Tracy Porter, running back Cedric Benson, defensive tackle Aubrayo Franklin and tight ends Dallas Clark and Jacob Tamme.
It is hard to imagine the team landing all of these players, but John Elway's win-now attitude may allow the team to do so.
I'll take Mike Wallace over any skill player in this draft over the long-haul, and if the Broncos are really serious about winning this year, then they will consider making this move.