According to CBSSports.com NFL Insider Jason La Canfora, Wallace has interest in potentially returning to the
Wallace has underperformed in relation to the five-year, $60 million contract he signed before the 2013 season. He's failed to reach 1,000 yards with the Dolphins in either season after recording that mark twice with the Steelers in his first four NFL seasons.
Armando Salguero of the Miami Herald confirmed an NFL.com report that the
Wallace, who signed a five-year, $60 million contract with the Dolphins prior to the 2013 regular season, was the third highest-paid receiver in the league behind only Percy Harvin and Calvin Johnson. A resolution on Wallace's future won't likely come until $3 million of his salary becomes guaranteed on March 15.
According to Omar Kelly of the Sun Sentinel, the Dolphins aren't interested in restructuring the final three years and $32.9 million left on Wallace's contract.
"Mike is a guy who is under contract for now. We're discussing all our options," executive vice president of football operations Mike Tannenbaum said on 940 AM WINZ Thursday morning, via the Sentinel. "Coach [Joe] Philbin, [owner Steve] Ross, Dennis [Hickey] and myself, we've talked. For now Mike is under contract, and we'll see where things go from there."
In two seasons with the Dolphins, Wallace totaled a combined 1,792 yards and 15 touchdowns. But after recording two 1,000-plus seasons in four years with the Steelers, Wallace has yet to crack the 1,000-yard threshold with Miami. He hasn't lived up to expectations in Miami, and was benched in the final game of the 2014 season after reportedly getting in a halftime argument with team personnel.
In two seasons with the Dolphins, Wallace totaled a combined 1,792 yards and 15 touchdowns. But after recording two 1,000-plus seasons in four years with the Steelers, Wallace has yet to do so with Miami.
Wallace signed a five-year, $60 million contract with the Dolphins prior to the 2013 regular season. Wallace has not met expectations in his first two years with the franchise. This fact caught the eye of Ravens owner Steve Bisciotti, who made an unprovoked comment about Wallace's contract at a press conference on Tuesday.
"Mike Wallace got $10 million [per year]," Bisciotti said. "I don’t think anybody thinks that was a good deal.
Miami has talked to Wallace's camp about the idea of taking a paycut next season. According to Jackson, a resolution won't likely come until his $3 million of his salary becomes guaranteed on March 15. Wallace had 67 catches for 862 yards and 10 touchdowns in 2014, but he was benched in the final game after reportedly getting in a halftime argument with team personnel. He will count $12.1 million against the salary cap next season.
Hartline signed a five-year, $30.775 million contract in 2013. His current cap number for 2015 is $7.3 million. He is coming off a disappointing season where he caught only 39 passes for 474 yards and two scores. Gibson's cap number for 2015 is $4.3 million. Both Hartline and Gibson have not been told what Miami plans to do with them.
Wallace's omission could be interpreted as a sign that the team isn't sure of his future as a Dolphin.
Wallace had 67 catches for 862 yards and 10 touchdowns in 2014, but he was benched in the final game after reportedly getting in a halftime argument with team personnel. He will count $12.1 million against the salary cap next season.
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