Mike Wallace: 'He Is A Dolphin, For Now'
The relationship between the Miami Dolphins and disgruntled wide receiver Mike Wallace is about to end in a bitter report. On the heels of a report in the Sun Sentinel, Wallace, who was signed to a five-year, $60 million contract in 2013 is not willing to restructure his current deal.
According to the story, Sources tell the Sun Sentinel that Wallace has told the Dolphins he will not restructure the final three years and $32.9 million left on his contract. Wallace, who has expressed his displeasure with the Dolphins' conservative offense, would rather test the free-agent market than re-work the details of his contract, which pays him $9.9 million in 2015, including $3 million of that guaranteed on March 15.
Wallace’s displeasure with the team was evident from his first game in 2013 when he caught only one pass and took to the media to voice how upset he was. Wallace took himself out of the final game of the season this past year, a game where the team had already been eliminated from playoff contention.
Wallace is owed $11.5 million in the 2016 and 2017 season based on the deal he signed in 2013, which featured $27 million guaranteed.
The Dolphins have paid Wallace that $27 million in the first two seasons, $15 million of which came last season, and this year's 2015 base salary is the lowest the deal gets. It is also possible the last year the existing contract is honored. But that requires the Dolphins keep Wallace, or trade him to another team under the present terms.
NBCsports.com reported that Executive vice president of football operations Mike Tannenbaum is remaining noncommittal in the face of a report that the team is shopping Wallace to other teams in hopes of making a trade. Tannenbaum wouldn’t comment on that report from Ian Rapoport of NFL Media during a Thursday appearance on SiriusXM NFL Radio and he didn’t offer much more while being interviewed on WINZ in Miami.
“For now, Mike’s under contract. We’ll see where we go from there,” Tannenbaum said, via Dave Hyde of the South Florida Sun-Sentinel.