He is probably their 4th receiver on the depth chart. He should take a salary reduction and stay with the team and retire a Steeler at the end of next season. Or retire now and become the wide receiver coach.
Here is what he said on his facebook page about it:
"I don't normally like to respond to rumors, but as I've said all along, I want to finish my career with the Pittsburgh Steelers. And as I've already told the organization, I am willing to work with them to restructure my contract to make sure this happens. - HINES"
I look for him to commentate when he does retire. He did pretty good commentating at the super bowl this year.
As much as I like Hines Ward, from a business standpoint, he simply makes too much money for someone 4th on the depth chart. You always have to move forward in the NFL, or you my be stuck having a season like the Colts did.