San Diego Chargers v Pittsburgh Steelers

UPDATE: Pro Football Talk is reporting that the deal has been agreed to and that Wallace is already taking a physical to finalize it.


Other than a report Tuesday morning that the Vikings may outbid them, it’s been a pretty safe bet that the Dolphins would sign Mike Wallace when free agency opened today.

Now it appears closer than ever, with Wallace reportedly in Miami right now negotiating a five-year deal with the Dolphins that Adam Schefter says “is ‘very, very likely’ to get done.”

Omar Kelly and John Clayton have since reported that the deal will be for five years and $65 million (13 million per year), with $30 million guaranteed.