Report: Dolphins Might Be Open To Trading WR Mike Wallace

According to Jason La Canfora of CBS Sports, the Miami Dolphins might be open to trading wide receiver Mike Wallace in addition to defensive ends Dion Jordan and Cameron Wake.

This news, if true, is pretty dumbfounding and especially when it comes to Wallace, who signed a five-year, $60 million contract last year with the Dolphins early in free agency after spending his first four years in the league with the Pittsburgh Steelers.

Why is it so dumbfounding and why will the Dolphins have problems moving him? For starters, trading Wallace would result in Miami incurring an $8.8 million dead money charge, as that is what’s left of his $11 million signing bonus proration. The Dolphins apparently have the cap space needed to eat it, however.

I addition to the dead money they would eat by trading Wallace, I do believe his 2014 base salary of $15 million is guaranteed, so either they would have to eat a good chunk of that as part of the deal or find a team willing to take that on. Not only that, the team that would trade for Wallace would also inherit the rest of his base salaries as well.

In short, I will be shocked if the Dolphins are ultimately able to unload Wallace.

In 2013, Wallace registered 73 receptions for 930 yards and five touchdowns in his first season in Miami.

UPDATE: Dolphins saying report is not true.

  • steeltown

    $15MIL base salary in 2014? ….wow

  • Paddy

    Dolphins are screwed

  • frednash

    wow what a mistake!

  • Matt Manzo

    It feels so good to be right!

  • falconsaftey43

    Have to honest that I didn’t watch many dolphins games and have no idea how well he played, but I really liked Dion Jordan coming out of the draft as a 3-4 OLB. Steelers could have a big need there if Worilds isn’t resigned. Wonder what they’d want for Jordan and why they want to move him after one year? He seemed a little small to be as base 4-3 end, maybe just not a fit there.

  • cencalsteeler


  • Lol what a surprise that is…not really. Well they are screwed bc I don’t know who would want him with that contract….everybody knew he wasn’t worth Calvin or fitz money–everybody except the fins I guess lol.

  • Kevin Gobleck

    If he agrees to a giant ass pay cut i’d be fine trading a 7th rounder for him

  • Richard Edlin

    If the Dolphins paid all but about $2-3m of his 2014 salary, then a team signing him faces salaries of:

    2014 $2-3m
    2015 $9.85
    2016 $11.85
    2017 $11.85

    None of it guaranteed after 2014. I would be very surprised if he didn’t find an interested team … whoever picks him up gets a cheap year in 2014 and then has to decide whether or not to keep him. If they decide to keep him (and he’s still young), he has #1 salaries in 2015-17. However, you don’t need to keep him if he doesn’t perform & if he does you still have the option of signing an extension.

  • taztroy43

    Hey Dave, Whats the cap cost for olb dion jordan? I understand if we wanted him we have to give you a pretty high pick…

  • RMSteeler

    There’s bound to be a team way under cap that will take him for a first year discount, like we did with Levi Brown. Only good team that may be interested is Seattle because their franchise QB isn’t costing $15mil per year yet. Other teams like Raiders (Browns?) may too, but as we know, if your QB can’t drop the ball within a foot of his hands it won’t make much difference. If Phins can’t trade, they may have to cut him and pay the piper while another team negotiates a more reasonable deal. One route Mike (9-GO) may have a new lifestyle next year, but will laugh to the bank this year, regardless.

  • Richard Edlin

    Correction: $3m of the 2015 salary is guaranteed by any team with whom he signs/is there on the 5th day of league year 2014. Gives a small note of caution for the team signing him.

  • JT

    Wish we could afford to trade for Dion. Not sure what they’d want. But I can’t see giving up an early pick with the needs at S and CB.

  • JT

    Ridiculously cheap.

    2014: $495,000
    2015: $585,000
    2016: $675,000

    Dolphins have to eat the roughly $10 mil remaining in bonus money if they move him. So it doesn’t make a ton of sense for them to move him.

  • Addison

    Didn’t the raiders want him? And they were offering more I think. If they still want him now is the time to strike a deal

  • SteelersDepot

    UPDATE: Dolphins saying report is not true.

  • Jollyrob68

    Don’t want Wallace back I’d take Martavis Bryant in Rd 2. I’d trade a player and a 4th for Dion Jordan. Send them Woodley for Jordan & Wake.

  • SteelersDepot

    Who is saying they want Wallace back?

  • SteelersDepot

    Also, why would they want Woodley and his salary when they run a 4-3?

  • Kenneth Wilt

    If this was true…I would be ROFLOL! That would be too funny!

  • sean mcmartin

    good read..He is not worth the money. Steelers made the right choice..

  • Steve

    Glad this problem is the Dolphins and not the Steelers.

  • steelster

    mike who?

  • Shannon Stephenson

    Wallace’s numbers were not great but they were better then what I thought they were but is 900 yards receiving worth 10M?

  • Richard Edlin

    UPDATE: Should have guessed once it read “Jason La Canfora”?

  • Nolrog

    Are you kidding? That was a fantastic deal. I hope every Steeler free agent gets a deal like that!!!

  • DoctorNoah

    Would love it if Wallace stayed with them and became a poorly functioning contract albatross and maybe we pick up one or two of theirs and turns them into Pro bowlers…

  • Will Hammer

    Steelers should have interest in Wake. Wallace ,no surprise . 1 trick pony and not that good at that..

  • Virdin Barzey

    The article missed the main point about Wallace…”He’s not worth that money.”

  • pittsburghjoe

    Wow..I never thought we we would have the opportunity to get him back. Once we cut Levi Adams and Pouncey, we will be in good shape to get him back.