fisi
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As far as trading Wallace this offseason? No chance, Miami.
Because of the way the contract was structured when Wallace signed with the organization last year, the Dolphins’ only option at this point is to wait another year before releasing Wallace. In the likely event that the receiver doesn’t live up to his contract, the Dolphins can release Wallace and incur a dead money cap hit of only $6.6 million over the last three years of his contract. Mike Wallace who signed a five-year, $60 million contract last year, a trade before June 1 would result in an immediate cap charge of $8.8 million, which represents the remainder of his $11 million signing bonus. However, the Dolphins also would avoid responsibility for a fully-guaranteed base salary of $15 million in 2014. (Yes, the Dolphins are paying Wallace $15 million fully guaranteed this year.)
Next year, it will be easier to do since none of his salary is guaranteed. Come to think of it, Mike Wallace has just made $30 million in two years. Man, am in wrong business!
http://www.rantsports.com/nfl/2014/...Recirculation&utm_term=NFLMiami DolphinsGrid1
Because of the way the contract was structured when Wallace signed with the organization last year, the Dolphins’ only option at this point is to wait another year before releasing Wallace. In the likely event that the receiver doesn’t live up to his contract, the Dolphins can release Wallace and incur a dead money cap hit of only $6.6 million over the last three years of his contract. Mike Wallace who signed a five-year, $60 million contract last year, a trade before June 1 would result in an immediate cap charge of $8.8 million, which represents the remainder of his $11 million signing bonus. However, the Dolphins also would avoid responsibility for a fully-guaranteed base salary of $15 million in 2014. (Yes, the Dolphins are paying Wallace $15 million fully guaranteed this year.)
Next year, it will be easier to do since none of his salary is guaranteed. Come to think of it, Mike Wallace has just made $30 million in two years. Man, am in wrong business!
http://www.rantsports.com/nfl/2014/...Recirculation&utm_term=NFLMiami DolphinsGrid1