Splash! Dolphins kick off free agency signings, grab Mike Wallace
This is the second signing of the day for the fish. The Dolphins also signed Baltimore Ravens linebacker Dannel Ellerbe, apparently to a five-year, $35 million deal.
But the Dolphins signing receiver Mike Wallace is Miami -- and all of free agency's -- big deal of the day. Wallace's reported $65 million deal vastly outsizes the second-biggest free agency signing of the day thus far, the five-year, $40 million deal that Baltimore linebacker Paul Kruger signed with the Cleveland Browns. (John Clayton of ESPN is reporting the $65 million figure for Wallace, Albert Breer NFL.com is reporting $40 million for the Kruger deal.)
Wallace has not yet signed the contract, but a verbal agreement is in place. Wallace is currently undergoing a physical.
Considered one of the fastest players in the NFL, Wallace made the Pro Bowl in 2011 with a career-high 72 receptions. In 2010, Wallace piled up 1,257 yards. He had a down year in 2012, though, holding out of training camp and finishing with 836 receiving yards on the season -- but still led all Steelers receivers with 8 touchdowns.
The down year last season did not deter the Dolphins from busting out the checkbook for Wallace. In order to accomodate the salaries of Wallace and their new linebacker Mr. Ellerbe, the Dolphins have cut nine-year veteran linebacker Karlos Dansby.