Hearts blast Gers' Wallace bid

Hearts have rejected Rangers' offer for Scotland defender Lee Wallace and labelled the champions' opening bid as "derisory". Gers are believed to have offered £300,000 for the 23-year-old, a fee described as "well, well short" of the player's value by Jim Jefferies.Wallace has just 12 months on his contract but Jefferies has not given up hope of keeping him at Tynecastle."I don't know the exact figures involved but I do know our people regard the offer Rangers made as derisory," said Jefferies."Let's just say it's well, well short of the value we would place on an international like Lee."He is an outstanding player. We know he's in the final year of his contract and we hope to extend it but that will be up to the player to decide."Lee was very unlucky with injury last season but he's fit again and started pre-season training today."I know when bids are made for players you have to take their contractual situation into account but even so, Rangers' offer was miles short of what is acceptable."

Source: Team_Talk