The Miami Dolphins have traded wide receiver Mike Wallace to the Minnesota Vikings for a 5th round pick, according to ESPN NFL Insider Adam Schefter reports. Miami will also give up a 7th round pick with Wallace.
Although Wallace caught 67 passes for 862 yards and 10 touchdowns in 2014, his salary of nearly $10 million made him somewhat unattractive on the trade market.
But the Dolphins have been wanting to move on from him. His chemistry with quarterback Ryan Tannehill was lacking despite the touchdowns and he had issues with the coaching staff.
Just two years ago Wallace landed a $40 million deal with the Dolphins and was expected to be the deep threat the team had been looking for.
But after failing to live up to expectations with two consecutive seasons below 1,000 yards, Wallace is now heading to Minnesota join a receiving group that already features Cordarrelle Patterson and will have second-year quarterback Teddy Bridgewater throwing him the ball.
The Dolphins free up $6.6 million in cap space by trading Wallace. They’ll still take a $5.5 million hit this year although he’ll be off the books after the season.
Miami traded for New Orleans receiver Kenny Stills today. Stills will replace Wallace as the team’s deep threat.
The cost savings could also help the Dolphins re-sign tight end Charles Clay, who is being courted heavily by the Buffalo Bills.