According to the NFL Radio on Sirius...

Mike Wallace turned down a 5-year 50-million dollar contract.

If that is true, good riddance. If he actually showed up in big games he might have a leg to stand on...but there is no way he is worth 2 mill per year more than Ray Rice. Brown was the MVP last year, and it was clear in his play down the stretch, when Wallace faded. We are fine with Cotchery and Sanders rounding out our top three recevers. I wouldn't pay Wallace more than 8 million per season. The sticking point as to the above offer was likely the guaranteed money, the info on which we don't have available.