Posted March 12, 2013

Mike Wallace to sign with Miami Dolphins

Miami Dolphins, NFL Free Agency, Pittsburgh Steelers
Mike-Wallace-1

Mike Wallace had 64 receptions for 836 yards for the Steelers in 2012. (Cary Edmondson/USA TODAY Sports)

Is Mike Wallace one of the top three or four wide receivers in the National Football League? The Miami Dolphins seem to think so.

Wallace was headed to Miami as the NFL’s free-agency window opened, prepared to sign a five-year deal worth as much as $65 million with a whopping $30 million guaranteed, per ESPN’s John Clayton. If those numbers prove true, Wallace’s new deal would average out at $13 million per season, placing him third on the list of highest-paid receivers behind only Calvin Johnson and Larry Fitzgerald.

Given that Wallace is just 26 (he’ll turn 27 in August) and already has 235 catches and more than 4,000 yards receiving to his name, you could make the argument that Miami just landed a player headed into his prime. However, he was inconsistent at best over his last few months in Pittsburgh, and the Steelers quickly deemed his asking price well out of their comfort zone.

With Brian Hartline signing a new deal worth a little more than $6 million per season last week, the Dolphins could be in up over $19 million for their top two receivers.

Wallace’s presence alongside Hartline could do wonders for Ryan Tannehill, as he enters his second season as starter. Wallace’s speed should provide the Dolphins with the deep threat they were missing last season.

But will there be enough big-play Tannehill-to-Wallace connections to justify that price tag?

Grade: B-minus. The Dolphins desperately needed a game-changer out wide, and Wallace can be that. It’s hard to peg him as the NFL’s No. 3 overall receiver, though — at least until he shows more consistency.

13 comments
luvfoozball
luvfoozball

There are only 3 or 4 WRs that deserve that kind of deal. And Wallace is not one of them.

Steve Larson
Steve Larson

WOW!!  Talk about overpaying...Wallace isn't even a top 20 WR........he will never play out the contract.....Fish welcome to toilet bowl!! 

wizzbang
wizzbang

I think that Philbin will get Wallace to get the job done, or he will be cut , just like Chad, Marshal and Davis with the T.Owens  type attitude.

FanJab
FanJab

Wallace to the Dolphins weakens his fantasy value, no doubt. Tannehill is average at best. But Wallace just got paid, so what does he care?

EasyGoer
EasyGoer

This guy is good when he wants to be. Buyer, be scared.

riley8
riley8

I love how these idiot sportswriters assign a grade after someone signs their name.  B-?  Did you come up with this scientifically or did you just have nothing else to write about?  This is the equivalent of guessing what you will make on a test that you won't be taking for 5 months.  Does SI have monkeys throwing darts to guess these facts?

John4
John4

If these numbers are accurate, then it's a good thing Wallace refused the Steelers' lowball offer of a year ago.  Now the Steelers keep Antonio Brown, whose stats were less (every year, in every important category) than Wallace's.  Well played, Pittsburgh!  Keep the #2 type guy (at a pay scale that cannot be defended)!  

steelerman
steelerman

Roll of the dice, very expensive dice with a 2nd year QB.

Steve Larson
Steve Larson

WOW...this guys isn't even a top 10...maybe not top 20 Wr in the league.......sorry dolphins...this guy will be on the cut list in a year or two.....

wizzbang
wizzbang

 @FanJab

 What does he care about sitting the bench, making no stats, then possible cut!!  or maybe trade to the Titans. I bet he makes it to the probowl next year.

ianforbes
ianforbes

 @riley8Who pissed in your corn flakes? It's just a guess. No different than picking the next Super Bowl winner.

 

GoPSULions
GoPSULions

 @John4 Wallace had a total of 843 yds in 2012 (836 rec + 7 rush) with 15 games played.  Brown had a total of  994 yds in 2012 (787 recv + 183 punt returns + 24 rush) on 13 games played.  So even though Brown was out 2 more games he had more all purpose yds than Wallace, and he doesn't have the attitude issue either.  Will be interesting to see if he actually performs now that he got his payday.

John4
John4

 @GoPSULions  Yes, if you add punt returns Brown had more yards.  Typically top WRs do not return punts.  If you use punt return yardage as a important measurement, OK.  Apparently then Brown would be your guy.  (Why would Brown have an attitude issue?  He performed less than Wallace - except for punt return yardage, apparently - and was paid an average of $7.1 Mill for the season.  Wallace had more catches, yards, TD and games played and was stuck with the one year tender offer of $2.7 Mill).  Would you have an attitude if you outplayed a younger teammate and the other was rewarded with a huge contract while you were forced to play the season for FAR below you market value?  Yes, you would.  Apparently Wallace was able to correctly gauge his market value, and indicate that the Steelers were not negotiating with him in good faith.  ("Take our below market offer, or we'll assign you the tender offer" is NOT negotiating in good faith).  Wallace got far more from the Dolphins, and clearly they would not have been the only team to to his lowball offer from the Steelers.