When we have to replace four of five starters on the offensive line I don't think we can be all that picky when it comes to free agency. Landing one of the top two Left tackles on the market is a win. Sure there are concerns with Albert, but there are also concerns with guys like Monroe and Veldheer. That doesn't mean we shouldn't sign any of them because they are not the best in the league at their position. Out of those three Albert is probably the best and playing at the higher level. Now of course age and health issues might make him less attractive 3-4 years down the road, but any time you can sign a player coming off a Pro Bowl season is a good signing.
Of course his contract is going to be more than anyone really wants to pay. He will be payed much more than players that are more deserving. Monroe and Veldheer will also get contracts that pay them more than they are probably worth. But if you want to get the best players on the market you have to overpay. Just like Wallace last season, he might not be a top 5 overall wide receiver in the game, but you pay him big if you want him on the roster. Wallace actually left a lot of money on the table from Minnesota to be here.
The Dolphins have a lot of cap space, they have a quarterback with a low cap hit and the league's salary cap is going to increase by almost $30 million by 2016. There is no problem handing out some big contracts right now.