BST, I think the final deal is 12 per year (5/60). Please update your title:
http://www.nfl.com/news/story/0ap1000000150045/article/mike-wallace-signs-miami-dolphins-contract
To answer your question: Yes, I want him at that price. I'd rather the Phins got him for 11 but I would have been
OK with up to 15. Miami had to go out and get a weapon for Tannehill to contribute NOW.
In today's NFL no offensive player outside of a franchise QB is worth that kind of money. Even a true HOF level WR that you can funnel an entire offense through (a la Calvin, Fitz, Andre a few years ago) likely isn't worth $15 million a year. And Mike Wallace isn't even remotely close to those guys as a player.If the Dolphins get the 1200 / 10 Mike every year for the next 4/5 then they still likely overpaid. If they get last year's "just showin up" version (and I personally don't see Mike as a "double down on the work ethic to prove I deserve this contract" guy), then it is absolutely awful.
Comedy of errors continues in Miami. Less than a year ago
they dumped a WR who is twice the player that Wallace is for peanuts. My prediction has Long signing somewhere else (for waaaaay less than Miami gave Wallace) and developing into the franchise LT he should be while Wallace catches about 50 balls / year.
Brandon Marshall is a great player, but Brandom Marshall has plenty of warts himself, and does not have the unique ability to take the top off a defense like Wallace does. Both have had issues with drops, but only one of the two is bi-polar (as far as we know at least). Miami is not the first team to jettison Marshall. There is no doubt that Miami overpaid for Wallace, but they had the cash to do it, and needed to make the move to give Tannehill and the rest of the offense a chance to outproduce their kicker. He is not a perfect receiver, but aside from size what he lacks can be coached, and what he brings to the table cannot be taught to others.
Had Miami not made this move, we would all be on here bashing them for drafting a franchise QB and not providing him with the weapons to succeed. They could draft a rookie, but all of the rookies have question marks as well. They got the most coveted FA WR on the market - a guy who changes the way a DC has to gameplan. As a fan of the team, that is what I wanted them to do.