Steelers GM Kevin Colbert told ESPN’s Ed Werder that Mike Wallace “is not available for trade,” despite recent reports. And even if Pittsburgh made Wallace available, ESPN AFC North blogger Jamison Hensely believes that trading the receiver only makes sense if the Steelers can acquire a first-round pick in return.
"There's no value in it. The only way shipping Wallace to another team this season makes sense is if an interested team (Miami, Dallas and Indianapolis have been mentioned) gives a first-round pick (don't hold your breath) or a second-round one to the Steelers. There's no reason to take a third-round pick for Wallace now because the Steelers can get some production out of Wallace in 2012 in addition to a potential third-round compensatory pick in 2014. Plus, trading Wallace lets him get a big deal right away from another team, and the Steelers don't want to set a precedent that holding out gets you want you want."