The committee will choose five finalists on Oct. 23. The 2002 recipient will be announced Dec. 4, with the award presentation to be made in Louisville on Dec. 14. NFL Hall of Fame quarterback Johnny Unitas will attend the ceremony to make the official presentation at the Kentucky International Convention Center in Louisville.
Wallace completed 22-of-33 passes for 313 yards and two TDs in Saturday's 38-31 loss to Florida State in Kansas City, Mo. The game ended with Wallace being tackled at the goal line to end the game.
The other candidates are: Marquel Blackwell (South Florida), Brooks Bollinger (Wisconsin), Ken Dorsey (Miami), Jason Gesser (Washington State), Kliff Kingsbury (Texas Tech), Byron Leftwich (Marshall), Grant Noel (Virginia Tech), Corey Jenkins (South Carolina), Carson Palmer (USC), Dave Ragone (Louisville), Brian St. Piere (Boston College), Chris Simms (Texas) and Jason Thomas (UNLV).