Yes, Mike Wallace, the Miami Dolphins' prized free-agent acquisition in 2013, is a candidate to be traded in this offseason.
It seems preposterous on the surface, but it's not.
It's all about the guaranteed money.
Wallace signed a juicy, five-year, $60 million contract that included $27 million guaranteed with the Dolphins. That $27 million could inflate to $30 million (with incentives) and is broken down as follows:
- $11 million signing bonus
- $1 million 2013 base salary
- $15 million 2014 base salary
Furthermore, according to The Palm Beach Post, $3 million of his 2015 base salary of $9.85 million becomes guaranteed if he's on the Dolphins roster on the fifth day of the 2014 league year, and his cap hit is a monstrous $17.25 million next season.
Among wide receivers who've taken at least 50 percent of their respective team's snaps heading into Week 9, Wallace has the fourth-highest drop rate (18.92), according to Pro Football Focus (subscription required).
Under those same snap stipulations, the Ryan Tannehill-to-Wallace connection has resulted in the second-lowest QB rating in 2013 with 30 completions on 63 targets for 398 yards, one touchdown and four interceptions.
If the Dolphins and Wallace continue to struggle, Miami could look to dump some of his future guaranteed money on another team.
Per NFL.com, GM Jeff Ireland was reportedly extended through the 2014 season, a development that decreases the chances Wallace will be traded.
Therefore, it's not an absolute lock that he'll be moved. However, it's not totally inconceivable and would be an intelligent financial decision with the team's long-term future in mind.
Remember, in 2012, the Dolphins traded Brandon Marshall after only two seasons in Miami despite signing him to a four-year, $47.5 million contract with $24 million guaranteed in 2010, per ESPN.com.