ESPN's Adam Schefter confirmed the news after Finnegan's visit:
NFL Network's Albert Breer shed some light on the financials:
Finnegan, who the St. Louis Rams let go on March 5, failed to live up to his end of a five-year, $50 million deal he signed back in 2012, according to Spotrac. He played in just seven games a year ago before missing the rest of the season with an injury.
Those seven games were tough to watch and more than justified the Rams cutting Finnegan due to his $10 million cap hit next year. He grabbed just one interception and ranked as the No. 109 corner in the league—on a list that graded 110 players, according to Pro Football Focus (subscription required).
Finnegan handled his release the right way via social media, which helped to ensure the 30-year-old defensive back found a favorable market:
Finnegan's choice to join the Dolphins should speak volumes about the organization, as he told ESPN's Josina Anderson after his release that he wants to "win now" and contribute in whatever way possible:
I have been in the playoffs one time in eight seasons. So, I'm at the point in my career where I just want to win now. I still feel like I can contribute and also benefit a team by bringing a young kid along. What's different now is that I don't have an agent. I'm representing myself in this process. Let me tell you I am getting an upfront look at what's it's really like to talk to these general managers, coordinators and coaches and take in how they really feel about you. I'm asking questions and getting answers that I would never get from an agent.
If Finnegan is healthy, the Dolphins have quite the tandem at corner. Remember, it was not too long ago Finnegan was the No. 2 overall corner in the NFL with Tennessee in 2011, per PFF, which in turn allowed him to cash in with the Rams.
Omar Kelly of the South Florida Sun-Sentinel echoed these sentiments and provided some insight as to how Finnegan can help the Dolphins in a mentor role:
While a risk on the field thanks to a horrendous couple of seasons in St. Louis marred by injuries, Finnegan comes at an acceptable cost and provides a veteran presence the locker room in Miami could sure use.
Best of all, Finnegan can give the Dolphins a quality defensive backfield if he is able to return to form—meaning Miami may have a steal on its hands, all things considered.