Mike Wallace to Dolphins a ‘Done Deal’

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Dec 8, 2011; Pittsburgh , PA, USA; Pittsburgh Steelers wide receiver Mike Wallace (17) runs the ball with tight end David Johnson (85) blocking against the Cleveland Browns during the first half of the game at Heinz Field. Mandatory Credit: Jason Bridge-USA TODAY Sports
Dec 8, 2011; Pittsburgh , PA, USA; Pittsburgh Steelers wide receiver Mike Wallace (17) runs the ball with tight end David Johnson (85) blocking against the Cleveland Browns during the first half of the game at Heinz Field. Mandatory Credit: Jason Bridge-USA TODAY Sports /

The Miami Dolphins have considered the favorite to land free agent wide receiver Mike Wallace and it now looks like a deal between the two could be announced shortly after the start of the new league year, which begins tomorrow at 4:00 p.m. ET. According to the Palm Beach Post, Wallace to the Dolphins is a  “done deal.”

Wallace is expected to get a deal that is around $60 million for five-years.

It may be a lot of money for the Dolphins to spend on a one-dimensional receiver, but it sends a clear message that they are serious about adding weapons to the offense and giving last year’s first-round pick Ryan Tannehill every opportunity to succeed.

With the belief around the league that the Dolphins are ready to throw the money at Wallace, teams will begin to turn their attention to the other wide receiver options on the open market.

If the Palm Beach Post is correct that Wallace to Miami is a done deal, I’d still like to see the team go after Jared Cook. Adding him to the stable of options with Wallace and recently re-signed Brian Hartline, the Dolphins would have a well-rounded attack.

Be sure to stay tuned to FanSided.com throughout the free agency period to stay up to date on the latest news, rumors and signings.

You can stay up to date with all of the signings with our official free agency tracker HERE.