One of the disappointing things about covering the NFL as opposed to one of the other major professional sports is the lack of in-season trades. Baseball, basketball, and hockey all have active trade deadlines with months of rumors leading up to a flurry of swaps, and it’s a ton of fun. In football, obviously, there are a variety of reasons those trades are less likely to happen: An earlier trade deadline (relative to the length of the season), punitive salary-cap rules, higher attrition rate, and the longer period of time needed to learn a football team’s playbook all contribute to making big trades in the NFL an offseason pursuit.
Because of that, as fun as they are to think about, I don’t write very many articles during the season about NFL trade possibilities. After Friday’s Percy Harvin trade, though, I’m opening up the floodgates.
There are a number of situations similar to the one Harvin was in with the Seahawks. Harvin was a recently acquired talent who had struggled to make the impact his team had expected, and his contract represented a future financial burden the Seahawks were happier to unload than they were to pay. There are many players like that around the league, and while some of them would be tough to deal, others would basically be out the door in a heartbeat under the right circumstances. I don’t know that any of them actually will be traded by October 28, when the NFL’s trade window shuts for the remainder of the season, but it’s a group of guys who might at least muster some consideration as possible Harvin-ing candidates
Mike Wallace, Miami Dolphins
The largest cap hit for any receiver is $17,250,000, and it belongs to Wallace, whom the Dolphins acquired in the Last Days of Ireland. Now-deposed Dolphins GM Jeff Ireland gave Wallace a five-year, $60 million contract during the 2012 offseason, guaranteeing him $30 million but presenting a structure that made sense for the Dolphins in the short term. Wallace’s contract had a cap hit of just $3.25 million in 2013 before loading up a massive raise in 2014 to $17.25 million, thanks to a leap of $14 million in base salary. That’s nice.
Wallace hasn’t been the same guy in Miami that he once looked like in Pittsburgh. While he did catch a key touchdown pass from quarterback Ryan Tannehill in Sunday’s victory over the Bears, he has struggled to get on the same page with the former Texas A&M star during his time in Florida. Wallace’s line in Miami, prorated to a 16-game season, has him catching 75 passes for 937 yards and seven touchdowns. That’s functional, but hardly worth the highest positional cap hit in football.
The Dolphins will have to consider getting out of Wallace’s contract as early as 2015, a move that would be made easier if Jarvis Landry continues to show flashes of being a viable future weapon in the Miami offense. Just $3 million of Wallace’s base salary is guaranteed after this season, and if the Dolphins traded Wallace before the trade deadline or during the 2015 offseason, they would save $3.3 million on their 2015 cap and be free of the contract afterward.
It would be a hefty bag of cash for another team to pony up, at least in the short term. A trade would require the acquiring team to pay $8.9 million in base salary to Wallace over the remainder of the season, a figure that would come off Miami’s cap. After that, though, Wallace would have a relatively friendly deal, with a three-year, $32.8 million contract that had just the $3 million in 2015 guaranteed. A lot of teams could find that sort of cash for a 28-year-old who was one of the best deep threats in football with a better quarterback.
Because of that hefty base salary in 2014, though, a Wallace move would almost surely have to wait until the offseason.
http://grantland.com/the-triangle/the-nfl-trading-deadline-who-is-the-next-percy-harvin/
I don't think there is much chance we trade Wallace.