Jason La Canfora Still Insists The Dolphins Are Trying To Trade Former Steelers WR Mike Wallace

After just one season, the Miami Dolphins appear to be really interested in moving on from wide receiver Mike Wallace, who they signed last offseason as an unrestricted free agent.

Once again, Jason La Canfora of CBS Sports reports on Tuesday that the Dolphins are renewing attempts to trade the former Pittsburgh Steelers wide receiver during the NFL owners’ meetings, but that his contract is making it tough to do.

This is the second time in the last 30 days that La Canfora has reported that the Dolphins are shopping Wallace and he’s not kidding about the contract being a huge obstacle.

Wallace, who signed a five-year, $60 million contract last offseason, is scheduled to earn a guaranteed $15 million base salary in 2014 in addition to a $50,000 workout bonus. A team willing to trade for the former third-round draft pick, however, would have to take on that salary along with the rest of Wallace’s remaining scheduled years. Unless the Dolphins are willing to pay a good chunk of that $15 million in 2014, they’re not trading Wallace.

In addition to everything else, the Dolphins would take an $8.8 million dead money hit in 2014 if they were to trade him. Being as his $15 million salary is guaranteed this season, that would produce a dead money charge of $23.8 million if the Dolphins were to release him outright.

The last time that La Canfora reported Wallace being shopped, the Miami Herald disputed his report, so we will soon see if this one is disputed as well.

I am, I'm me. 40 something, retired and a life long Steelers fan.
  • steeltown

    $15MIL guaranteed base salary in 2014…. daaaamn

  • cp72

    Found out what we knew. Wallace is a one trick pony with suspect hands.

  • Will Hammer

    To all the moaners out there .. SEE!!!!!

  • Nolrog

    If he’s making 15 million guaranteed, why does he need a 50K workout bonus? Shouldn’t making 15 million dollars be incentive enough to work out?

  • http://thereactionblog.com Michael Stickings

    To everyone who questions the wisdom of Colbert et al. in our front office, here’s Exhibit A of the case against you.

    We complain that they’re not active enough in free agency, but sometimes — and very often — the best moves are the ones you don’t make.

  • srdan

    Honestly, age and everything, would you rather have Lance moore or Wallace on equal contracts?

    OK, maybe that is an exaggeration, but really, the fact that a discussion could be had says a lot about MW.

  • Nolrog

    Exhibit B against you: Not taking a 3rd round pick for Sanders and then letting him walk in FA.

  • Superdriller316

    There are some DUMB GM/Owners out there.

  • Superdriller316

    I’m with you there. I doubt we get a comp pick due to Mitchell’s deal. What a waste.

  • Douglas Andrews

    The Dolphins took a gamble when they signed Wallace. Mike’s gonna make $15 Million this year guaranteed and Brian Hartline is still going to be the #1 receiver. Trade rumours start circulating after one wow that’s some pretty poor talent evaluating and foolish money management.

  • Superdriller316

    Thanks for the first 3rd round comp pick Dumbfins.

  • William Weaver

    We got another year out of him and then we will recieve a supplemental pick next year for losing him. We needed him this past year. Now we still will get a pick for him

  • http://www.nyob.com/ Dr. Doom

    They needed him last year, and Ben put up a career year, offense was not the problem last year.

  • http://www.nyob.com/ Dr. Doom

    It aint gonna happen. Minnesota offered him $76 million lol

  • http://www.nyob.com/ Dr. Doom

    He is what he is, if its not a go route he is not going to catch it. He is worth half of that total contract.

  • steeltown

    In all fairness, Tannehill was the 2nd least accurate QB last year in the NFL, but regardless even if Wallace had produced another 1200+yd 10TD season it’s still not worth THAT much money.. madness

  • Superdriller316

    They needed him to catch the ball and he couldn’t when we needed it the most. There was a guy out of WV, Stedmen Bailey who was picked right after the Pat’s 3rd round pick. 114 catches, 1622 yards, and 25 TD’s. So, no we didn’t need him.

  • AzheDraven

    Lolololololol

  • SteelerFanInMD

    THE GM who signed Wallace is gone.

  • dgh57

    Hahahahaha and 10,000 more haha if this turns out to be true!!!

  • treeher

    I bet MinneSOta is counting their blessings …

  • dgh57

    As well he should be gone.

  • DB84

    How did Bailey do last season in the NFL? Oh 17 catches for 226 yds, in an offense that is begging for a receiver to step up. But surely in Pittsburgh he would have put up more numbers than Sanders as a rookie…

  • StrengthOfVictory

    The Mike Wallace deal of last year was just like the Mario Williams deal of the year before. Just another FA cautionary tale.

    I wonder who will be the FA mistake poster boy this year. DeMarcus Ware, perhaps?

  • steeltown

    My vote goes to Aqib Talib

  • tim

    He DID make a good but obvious move to make…Colbert has still made some questionable moves and drafts at times…but THIS was a smart one

  • Tone Bone

    Talib plays in a division where there really isn’t any explosive offenses I think he wont be the biggest bust. I go Eric Decker.

  • Milliken Steeler

    LOL

  • Milliken Steeler

    I agree to a point driller however, I remember people screaming for Swope also and then..he up and retired on the team that chose him. lol

  • Superdriller316

    Bailey 17 catches on 25 targets. That’s 68% 13.3 YPC
    Sanders 67 catches on 112 targets. That’s 59.8% 11.04 YPC

    Bradford 60.7 comp%, 90.9 QBR, 1687yds
    Clemens 58.7 comp%, 78.8 QBR, 1673yds

    Ben 64.2 comp%, 92 QBR, 4261 yds

    Rams: 195.3 avg passing YPG, 27th in the NFL
    Steelers: 251.1 avg passing YPG, 12th in the NFL

    By the numbers Bailey is better than Sanders. Bailey was just on a crappy team.

  • 2443scott

    so one year ago he was worth 60 million now this year its who wants him …well they got what they paided for.. ben kept this guy in food now in miami hes on food stamps if ben wouldnt extend the plays like he does wallace wouldnt got what he did …every one knows he isnt a great route runner he has speed but if qb is under pressure that speed is meaning less because the qb be down or on run and not time to pass it….each year this guy is now getting older i hope he is saving his 60 million because he wont be around that long in nfl few more years and he be a used to be fast reciever

  • http://www.nyob.com/ Dr. Doom

    What were Bailey’s stats last year? 17 rec 26 yds 0td Sanders tripled his production. So Bailey was awesome!

  • Milliken Steeler

    Yeah but, Mike ” young money” Wallace said he threw a better deep ball than Ben. lmbooooo

  • Jay Jaber

    How good was antonio brown this past year? We had no one to take the top off coverage this year and he still managed 1500 yards now imagine mike Wallace still playing for us. Mike Wallace is a one trick pony but we really didn’t need him to do anything else besides that we have brown catching everything underneath and Wheaton in the slot. Now imagine how good our offense would be. My opinion…damn good. You guys can’t bash him for getting that money he didn’t force the dolphins to offer him wayyy more then he’s worth. Watch his highlights he made a lot of great catches(GB four seconds left one handed game winning TD)

  • http://www.nyob.com/ Dr. Doom

    No one said he sucked but he is worth half, what they paid him.

  • Milliken Steeler

    He also dropped balls and cost the Dolphins a very important game.

  • steeltown

    Decker is a good choice

  • Superdriller316

    He’s still on their roster. You might be thinking about Swoope that went to I think the Cards who retired due to concussions.

  • http://www.nyob.com/ Dr. Doom

    My Vote-Jarius Byrd Way too much money for a safety.

  • http://www.nyob.com/ Dr. Doom

    That is a very small sample size, and they picked a receiver in the third round, whose to say they would not have picked the same one? And selected another player with that pick.

  • Superdriller316

    His catch% and YPC are way better than Sanders. It’s not his fault he’s on the 27 ranked passing team in the league. And that comp pick you might think you’ll get for Sanders… Don’t hold your breath, Mitchell’s deal has the same money amount. So, the Steelers got nothing for him, well a bunch dropped balls.

  • blackandgoldBullion

    He actually does throw a better deep ball than Ben. At least in practice. And that’s not saying much. If they would just overthrow him more they would be fine. He’s actually so fast that he never gets overthrown.

  • Milliken Steeler

    Yep, it was Swope. lol My fault.

  • Superdriller316

    At that time in the draft, he was the best WR. His senior season 146 targets, 114 catches by my math, that’s 78%. Then throw in 1622 yds and 25 TD’s. Sanders couldn’t do that in two years.

  • Superdriller316

    At that time in the draft, he was the best WR. His senior season 146 targets, 114 catches by my math, that’s 78%. Then throw in 1622 yds and 25 TD’s. Sanders couldn’t do that in two years.

  • Douglas Andrews

    He won’t make anything close to 60 mill I’m sure the Dolphins will get out of that contract next year after the guaranteed money is paid out. Shame they had to know looking at his tape that his game is only based on speed. Just a bad deal from the start. Good for Wallace he got paid and hope he does like you said and saves some of that cash.

  • StarSpangledSteeler

    You know who should look to trade for him? It’s the… Houston Texans.

    Last time I checked the have about $8.5 million in cap space. They would probably have to restructure his contract, but they could make it work.

    Draft Blake Bortles. Give him Andre Johnson and Mike Wallace to throw to. With Arian Foster running. That’s not a bad combo.

    And it’s pretty warm weather and close to Mississippi so Wallace will be happy.

  • StarSpangledSteeler

    You know who should look to trade for him? It’s the… Houston Texans.

    Last time I checked the have about $8.5 million in cap space. They would probably have to restructure his contract, but they could make it work.

    Draft Blake Bortles. Give him Andre Johnson and Mike Wallace to throw to. With Arian Foster running. That’s not a bad combo.

    And it’s pretty warm weather and close to Mississippi so Wallace will be happy.

  • Jay Jaber

    That drafted a guy named deandre Hopkins in the first round. He’s a damn good player to

  • DB84

    Well first off, if he was on a crappy team, why was he the fourth or fifth receiving option? I would think he should have been a starter if he’s so good and the team is so crappy. Also, he may have better numbers but as the 3rd or 4th receiver he was matched against the 3rd or 4th CB, where Sanders was matched against the #2 CB. Likely made his job easier and given inflated numbers. I have nothing against Bailey and actually liked him in the draft, but to say he would have immediately replaced Sanders production as a rookie is foolish.

  • DB84

    Haha and Geno Smith had a 70% completion rate too.. how did that transfer to the NFL? College stats don’t directly translate to the NFL. Clearly you are a WV fan and love Bailey. Glad you aren’t the GM

  • Brendon Glad

    Once again, a situation where Colbert and Steelers brass made a beautiful decision regarding Steelers personnel. They do a beautiful job of recognizing a player’s worth IN REALITY….as opposed to their worth on the open market. Because they did want Wallace back….and had offers to both he and Brown standing at the same time. Brown took his…Wallace did not. I, for one, have been banging the A.Brown drum since the very first preseason game I saw him play….so I was thrilled they got his deal done. But I liked Wallace too…and I’ve got to give the Steelers brass credit and kudos for sticking to their “value projection”…and holding firm. He definitely was not worth what he signed for. I applaud Wallace and his agent for getting that deal…but I’m glad the Steelers didn’t get caught up in the “Wallace over-hype”. He’s a beautiful 5-7mil. salary-cap hit player (like what it’s reported we were offering) He’s not as beautiful when his cap number hits 10-13.

  • Brendon Glad

    Ben’s deep ball was his biggest weakness. But to me, it has steadily improved. Last year, many of the incomplete deep balls I remember tended to revolve around Receivers either “not being big enough” or “not playing big enough”. I’m encouraged by Ben’s improvement in that part of his game. (And for the record, I’m a guy who goes on boards and says I’d rather have Ben than Peyton manning…so by gosh, when I say Ben has weaknesses, I admit them grudgingly.) :-)

  • Virdin Barzey

    He should thank the Steelers and Big Ben for getting those dummies in Miami to give him that contract.

    I’ll say it again and again…he’s a one trick pony. Its a good trick but not a 15M one. Still stunned by those in the Nation that thought we should pay him big money to keep him.

  • steelster

    Did you forget about Hopkins, who finished in the top 5 for least amount of drops. Why would they want Wallace who drops the ball. As a gm you just got fired.

  • Superdriller316

    Geno was in that system for four years too.

  • Superdriller316

    The same reason Manny wasn’t the #2 last year. The starters were in place. Face it Manny was average at best. 50th in yards, 40th in rec, 30th in targets. What Manny produced wasn’t worth 2.5 million. Hell Heath almost put up the numbers Manny did and he missed 2 games. AB would have been #1, Cotchery #2, and Bailey #3. Now Manny is gone and what do we get for it? A big F’in NOTHING. Way to disgrace the #88. Wait, he’s not even a #2 now. That guy is already there too.

  • StarSpangledSteeler

    I know but I thought Hopkins was more of a slot guy? Strong/good hands over the middle?

    My thinking was you pair Wallace with Johnson on the outside. You can’t double both of them. It keeps the safeties back and opens up the run game.

    That would take tremendous pressure off Bortles. And also help their defense a bit. You’re not going to shut down Andrew Luck twice a year. You might as well increase your weapons/points and ability to possess the ball.

    Also, Andre Johnson is turning 33 this year. Not saying he’s washed up by any means but they should be thinking about bringing in a fast deep replacement soon. Wallace would save them a draft pick.

  • Jay Jaber

    Yes but Hopkins is not a slot guy he’s a number 2 now and will be a number 1 in a couple of years he’s 6″1 has amazing leaping ability kinda remindes me of dez Bryant no way a slot guy

  • Dan Kadunce

    Can you say “Buyer’s Remorse”????

  • StarSpangledSteeler

    Fair enough. I just though he was more of a 4.6 forty type of guy.

  • Superdriller316

    Good thing there isn’t a “Lemon Law” in football. We’d be in deep trouble.

  • StarSpangledSteeler

    It’s a good point. I would love to have Wallace at $5 million/yr.

  • http://pittsburghsportsinat.blogspot.com/ bgsteelfan

    Everybody but the Fins knew that was a bloated, mistake contract last season when he signed it…

  • Steve

    This could not happen to a better franchise and player. Again this shows that Wallace was not the all world reciever everyone though he was, else Miami would not be shopping him around. Mike was a virus in the Steelers locker room 2 years ago after holding out and after coming back having the bad attitude because AB got the BIG contract that Wallace wanted. We picked the correct WR to give the contract to and I give credit to the FO and the Rooneys for making a wise decision in doing so. This was an excellent choice in keeping Brown and letting Wallace walk.

  • Steve

    Got 3 comp picks this year, don’t want to get too Gready (HA)!

  • http://www.nyob.com/ Dr. Doom

    Starters got hurt? So why didn’t he play more?