Mike Wallace was traded to the Minnesota Vikings in exchange for a fifth-round pick on Friday evening.
The Miami Dolphins have pulled off their second trade involving a wide receiver on Friday alone. After acquiring 23-year-old wide receiver Kenny Stills from the New Orleans Saints in exchange for Dannell Ellerbe and a third-round pick, the Dolphins have now shopped Mike Wallace to the Minnesota Vikings.
In exchange, the Vikings sent their 2015 fifth-round pick. And for the trouble of acquiring a player who the Dolphins were likely going to release as a June 1 cap designation, the Vikings also gained a seventh-round pick.
All this came from ESPN’s Adam Schefter:
The Dolphins signed Wallace in 2013 to a huge five-year, $60 million deal in 2013 which came with an $11 million signing bonus and $30 million guaranteed. Though there’s still three years left on that deal, dollar-wise, the worst is done as Wallace’s 2014 cap hit was $17.25 million.
It will not go beyond $11 million any of the next three seasons. But Wallace was not what the Dolphins thought they were getting–catching 140 passes for 1,792 yards and 15 touchdowns over the past two seasons.
But according to those familiar with the Dolphins’ thinking, they approached this offseason hoping to acquire two young wide receivers while ridding themselves of Wallace.
They completed two of the three steps in one day on Friday the 13th.
Earlier Friday, they traded for Kenny Stills from the Wyatt Earp wild west gambling New Orleans Saints for inside linebacker Dannell Ellerbe, another player they were considering releasing.
In the deal, they gave up their 2015 third-round pick. But in trading away Wallace they reacquired a pick semi close in value to that pick.
Albert Breer says the Stills deal accomplished the aforementioned purposes and another key goal for the Dolphins.
The Dolphins under Mike Tannenbaum are using a more analytics-driven approach, and are starting to act like it. Stills was highly respected by most for his cost-friendly contract as well as efficiency per route run as well as per catch.
He also made the most of his catches as most of them were for first downs. Plus, he’s so young.
Wallace was a different story, but goes to a Vikings team seemingly desperate for talent to catch the ball for Teddy Bridgewater, who they believe can be a franchise quarterback under offensive coordinator Norv Turner.
As such, the deal figures to accomplish something each franchise was aiming to do this offseason.
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