• Dion Jordan suspended 4 games Dion Jordan suspended 4 games DE Dion Jordan is suspended the first four games for violating the NFL’s policy on performance enhancing substances.
  • Mike Pouncey has hip surgery Mike Pouncey has hip surgery Fins OC could be out for 3 months
  • Fins suspend S Don Jones Fins suspend S Don Jones For his twitter comments about Ram's DL Michael Sam
  • Fins select OT Ja'Wuan James in 1st round Fins select OT Ja'Wuan James in 1st round James should challenge for the starting RT spot

     

Cap hits: details of Mike Wallace contract released

Sportrac has published the details of Mike Wallace’s deal. Here’s the nitty gritty:

5 year $60 million with only an $11 million signing bonus.

The good news: 2013 base salary is a mere $1 mil, meaning his cap hit is way lower than initially projected: a meager $3.2 mil. This means Miami has about $4 mil more to spend in 2013 than previously projected.

The bad news: his 2014 base salary is a whooping $15 mil, for a $17.2 mil cap hit. Wow.

His 2015 base salary drops to $9.85 mil, and in 2016 and 2017 is $11.45 mil (add $2.2 mil in prorated signing bonus to get the cap hit).

Only 2013 and 2014 salaries are guaranteed. An additional $3 mil is guaranteed for injury. Here’s where it gets interesting: the 2015 salary guaranteed on the 5th day of the 2014 league year. Miami is on the hook for the $15 mil in 2014, so they sure aren’t going to cut him, meaning this is a guaranteed 3 year deal.

UPDATE: Ben Volin tweeted that only $3 mil of the 2015 deal is guaranteed in 2014,whichiftruemeans Miami would eat $9.6 mil in dead money if they release him after 2 seasons. Cutting him after 2 years would therefore be possible if he turns out to be a complete flop. Unlikely, but possible.The low signing bonus means Miami can part ways with him after the third year of the deal and have cap savings (much like their deals with Ellerbe and Wheeler).Join us on our message board and share your thoughts at FinNation ForumsJoin us on Twitter at @FinNation

VN:F [1.9.22_1171]
Rating: 5.0/5 (3 votes cast)
Cap hits: details of Mike Wallace contract released, 5.0 out of 5 based on 3 ratings
The following two tabs change content below.

One Response to Cap hits: details of Mike Wallace contract released

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Recent Forum Topics
Jaws on 17(4) in Aqua/Orange Chat by rightchea on 22-Jul-14 12:57PM
Are We doing a Fantasy Footbal...(7) in Aqua/Orange Chat by Finsfan in CT on 21-Jul-14 4:49AM
Marino back in Jersey this wee...(1) in Aqua/Orange Chat by JEGnj on 20-Jul-14 4:17PM
Next years draft(23) in Aqua/Orange Chat by CarsonChris on 20-Jul-14 12:11AM
Sunday Ticket streaming--well,...(1) in Aqua/Orange Chat by rightchea on 17-Jul-14 9:39PM
FinNation Poll

What grade would you give this year's Dolphin draft?

View Results

Loading ... Loading ...
Fins Media Tweets
Site Categories
Site Archives
GO FINS!!
GO FINS!!
  • Direct Snap: Season Wrap Up May 23, 2014
    Join Joe and Tyler of Phinphanatic.com for their final show until training camp kicks off in the NFL! The boys will be doing a full season preview of teams to watch, players to watch, "way too early" award predictions, etc. Be sure to "like" us on facebook at facebook.com/theofficialdirectsnap AND follow us on twitter and tweet us during
    Fins Radio
  • On The FinSide May 21, 2014
    Join Cat, Paul Picken and Brian Miller for all your up to the minute Miami Dolphins news! This will be our final episode of the season, but we'll be returning after a short hiatus. During that time, be sure to check out our archives for recent interviews with players, agents, Dolphins legends and more. After the hiatus, we'll be bring you right bac
    Fins Radio
  • Direct Snap May 18, 2014
    Join Joe and Tyler every Saturday night as they recap Thursday night's action, preview upcoming match-ups and talk about news happening throughout the entire NFL.
    Fins Radio