Mike Wallace Reportedly Expected to Sign with Miami Dolphins

Mike Wallace is one of the premier playmakers in the NFL, so it makes sense that the Miami Dolphins are going all-in to acquire the wide receiver’s services. Last season, the Fins were one of only eight teams that failed to total 300 receptions, and were bottom three in the league with 13 touchdowns through the air. 

According to Ben Volin of the Palm Beach Post, Wallace to the Dolphins is now a “done deal,” even if the organization cannot officially sign the 26-year-old wide receiver until 4 p.m. ET on Tuesday.

This latest report fits the narrative that SI’s Peter King, ESPN’s Adam Schefter and USA Today’s Mike Garafolo have crafted, one which has connected league sources believing the former Pittsburgh Steeler is a lock to wind up in South Beach.

It’s going to cost the Dolphins a pretty penny to add such an elite talent, but they have to open their wallets if they want to compete in the AFC East. 

Considering Dwayne Bowe recently re-upped with the Kansas City Chiefs for five years and $56 million and Vincent Jackson signed a similar, five-year, $55 million contract in 2012, it should come as no surprise that Wallace is expected to be handsomely rewarded in the coming days.

It’s hard to argue against a lucrative contract, as the 26-year-old speedster managed to stay productive despite the Steelers' struggles, finishing the year with 64 receptions and eight touchdowns.

In four years with Pittsburgh, Wallace has career numbers of 235 receptions (on 404 targets), 4,042 yards and 32 touchdowns. 

The last time Miami broke the bank for a receiver was back in 2010, when the franchise splurged a tad over $47 million on Brandon Marshall—a player who was traded to the Chicago Bears last spring. 

However, with Ryan Tannehill set to start for the second straight season, the front office has to surround him with potent receiving threats if he is going to develop into a franchise signal-caller.

The young quarterback performed admirably during a rocky rookie year and could be in line for a breakout 2013 campaign with a wideout like Wallace on the roster.

It will be interesting to see what happens in the next day or so, but don’t be surprised to see Wallace ink a deal with the Dolphins as soon as he is eligible to do so.