Starting with the most high-profile position, signing Mike Wallace for a maximum of $62 million over five years seems reasonable. Any higher, and Greg Jennings gets the nod for around seven to eight-million dollars a year.
It’s nothing out of the ordinary, but Miami needs to sign one of them.
I’d look to sign Eric Winston at around $20 million over four years. If Winston wants any more cash, then I’d make it a five-year deal.
Martellus Bennett would be my favored target in the tight end market. A package of around $12-15 million over three years could do it, but if he chooses to sign elsewhere, then I’d move on to Dustin Keller. I fully expect Jared Cook to get paid; his contract will be too high, and he will be off the market quickly; therefore, I’d go for Bennett, and failing that, try to steal a divisional rival in Keller. If Bennett does not sign, then Fasano is a player Miami must re-sign.
Depth on the offensive line is also necessary, preferably a veteran who can play left tackle for the veteran minimum salary; Max Starks, Khalif Barnes and Bryant McKinnie all come to mind.
Adding secondary depth would be important too, and I’d look into options at both cornerback and safety.
At cornerback, there are several options that are intriguing.
The first is Chris Houston, who could be an every-down starter in Miami. However, with a lot of big names on the market, I’d keep a offer low, also recognizing that there are some very talented players in the draft too. Offering something in the region of $17 million over three years would suffice but may not get the man, in which case, I'd turn to the draft for a starter.
EJ Biggers is another interesting option and would be due less money than Houston, and if the market was flat for names such as Terrance Newman and Nnamdi Asomugha, then I’d consider an offer.
However, the final name that may be worth looking into is Adam “Pacman” Jones. He had an outstanding year with the Bengals as their nickelback and knows Kevin Coyle, but there are real character concerns.
Coyle would have to sign off on the deal and vouch for Jones before I even explored the option, but if he did this, then I’d look into signing Jones to a two-year contract to play the Dolphins’ nickel corner. I would, however, insist on clauses dependent on his behavior. The ball would then be in his court, but provided that Coyle believed putting Jones in Miami would not be a risk, I’d try to make the deal.
At safety, Charles Woodson and Ed Reed would be my priorities, but Woodson would come at the better price. Providing he wasn’t asking for too much, I’d make him my number one target at the position.
If Woodson did not sign, then Kenny Phillips or Patrick Chung might be worth considering at the right price, but I’d likely choose to resign Clemons if he was still on the market.