Wide receiver Mike Wallace is now a former member of the Pittsburgh Steelers as he has agreed to a deal with the Miami Dolphins, which is expected to be five-years for around $65 million and include around $30 million in guaranteed money.
That\’s right, Wallace is taking his talents to South Beach.
Wallace was drafted by the Steelers in the third round of 2009 draft out of Mississippi. In his four seasons with the Steelers he recorded 235 regular season catches for 4,042 yards and 32 touchdowns. He leaves Pittsburgh with a 17.2 yards per catch average.
According to ESPN Stats & Info, no wide receiver has more 30-yard touchdown receptions than Wallace since his rookie season.
Wallace, who was a restricted free agent last off-season, sat out all of training camp due to his unhappiness with his contract situation. He finally signed his $2.74 million restricted tender before the start of the season, but did not perform well in the new offense that was put in by new offensive coordinator Todd Haley.
Wallace admitted later in the season that he lacked focus at times due to him not being involved early in some games.
With Wallace now gone, the Steelers will hope he stays healthy and plays well so that they will receive a third-round compensatory draft pick in 2014 for their free agent loss.
5 years 65 mil, that is absolutely crazy.
hello extra 3rd pick for us next year, now pray for a bidding war for Mendenhall and Lewis(assuming we don’t re-sign him)
The Dolphins had to overpay b/c nobody wants to play there. You can’t blame Wallace, he gambled and won. $30million is a lot of reasons to play in Miami. I’m make that move if I were him too. Hello 2014 3rd Rd pick is right! Moving on….
I think the south beach sun went to their heads…
Good bye Mike Wallace!! Be sure to play good enough so we can get a third rd. pick for you!!
I was born in Pittsburgh and I live in Miami. Im sorry but the city of Miami is now an overcrowded cesspool of immigrants. Besides that its hot as hell. He may not like it.
He’s from Louisiana he’ll be happy. Hanging with LeBron and the guys
No not Lewis. What comp pick do we receive for Mendy?
Now they can trade their 3rd rd pick next year on draft dayr and still have one
Good riddance he’s been a distraction. I wish him well enough next year so we get the pick. After that, I hope his career spirals into the toilet of greed like so many before him, never reaching the post season again in his career. On another note, Plaxico Burress was resigned and even though he is no spring chicken and not a big impact player that could change though, if they use him correctly, he could be a nice tall target with great hands for Ben in Millers absence especially in the red zone and toe reaching passes. I thought he was under used last year. Anyway, he is cheap.
Perfect. Miami probably won’t draft a receiver. I am hoping the Steelers are able to trade down with another team infatuation with Vaccaro as the Cowboys are to maybe like 24 and get Keenan Allen.
He got all the money he was looking for when he didn’t re-sign with Pittsburgh.
I think Wallace does good in Miami. He will always have the most catches on the team and Tannehill looks like he’ll be a pretty good QB.
I was hoping Wallace signed with Miami too so they wouldn’t draft a WR. Allen or Patterson is the type of guy Pittsburgh needs. Also, I don’t think Brown is a #1 and Sanders is not a #2.
Possibly for 2014 since that is when we would get the compensation pick. They then would have the option to trade their original pick, but not their compensation pick which would be tacked on at the end of the round after all teams drafted in that round.
And suprising that his bad last year didnt lower his value at all. It now appears his taking the min tender last year instead of taking any multiyear offer from Steelers, might have paid off. That sets a bad precedent which hope Emmanuel & others dont follow.
Let’s see here… The Steelers reportedly offered Wallace 5yr/50mil, which averages at 10mil a season. Wallace took the tender of 2.5, then signs with Miami for 5yrs/60 mil, which gives us a total of 6yrs/62.5mil. Isn’t that very close to an average of 10mil per year? Why did he need to go through all this fuss last year, now relocation, learning a new offense, etc.?
see, he got a little more that Brownies contract, just a year later…would rathera had Wallace, but all is well…still love to see the fins succeed and wanna play them soon to show how we shut down the new mr. miami showtime!
Agreed would have liked to see him stay with the Steelers but for that kind of money there’s no way he would have been a Steelers. Good luck to Wallace glad he got his money. Now we just gotta draft the next WR like we always do
How well would Wallace have to play to give us a 3rd round compensatory pick for the 2014 draft? Put up 900-1000 yards? Or does it have to do with just the amount on the contract (or a combination of production and salary)? I know a few years back, Asmougha (sp) earned the raiders a 3rd rounder, and he obviously didn’t do too well because he was already released by the Eagles.
Players are often cut before the last years of their contract, when their salary usually escalates. Getting $30 mil guaranteed is a big deal. (Brown got something like $8 mil?)
We don’t have the third round pick for Wallace yet. How he plays next season will determine that. If he plays lights out we get a third rd. pick but if he stinks up the joint a later rd. pick. So hope like I am that he stays healthy and plays good and we will get a third rd. pick!
What a shame that we couldn’t retain Wallace. By far one of the most upsetting FA losses I can think of. If we lose Keenan Lewis, I might lose it. I don’t care how good Omar Khan and Colbert are at drafting, if we can’t retain them then what’s the use?
Hello 3rd round compensatory pick in 2014!
And FL doesn’t have state income tax. He’s laughing all the way to the bank.
I think it goes by contract size and what a team pay to replace him. I would think we would get a third for him. Dave did a write-up a little while back with a link on how that is all figured out.
It was all about guaranteed money.
Wallace said show me the kwan. Well, he finally got it. Enjoy Mike! Hope the Steelers find a nice WR to compliment Brown.
Just had a funny thought about Wallace’s fat pay day. He’s happy no doubt, but his 12 brothers, sisters, parents and cousins are “rocking the house comedy style ala Martin Lawrence territory… yup.
Later, Mike Wallet…
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