Mike Wallace continues to sit in limbo with the Miami Dolphins. The wide receiver is waiting to hear his fate with the franchise as rumors of a trade or release continue to circle around him with free agency beginning in just over a week. Wallace is at risk of being a salary cap casualty, but after the releases of Brian Hartline and Brandon Gibson, the receiver believes he could be staying put.
Just a week ago, Wallace looked to be a guaranteed release for Miami. However, instead the franchise released two of their other players in Hartline and Gibson, saving a good amount of cap space in the process. Losing both Hartline and Gibson leaves big holes on the roster as the wide receiver group will be down to second-year pro Jarvis Landry and Wallace along with tight end Charles Clay. Because of that, Wallace or Wallace's father, believes he is sticking around in South Beach.
"Right now, he's been talking to them," Burnell Wallace said, via the Miami Herald. "He thinks he's going to stay there. He doesn't have a problem staying. [But] they really don't know. I really can't give you a definitive answer."
The clock is ticking to make a call on Wallace. On March 14, the Dolphins will owe the receiver a $3 million roster bonus and then will have to deal with his $9.9 million annual salary for 2015. That alone makes the trade market extremely weak for Wallace which is why the Dolphins are having a hard time making the call on the receiver. Quarterback Ryan Tannehill is endorsing the receiver's future saying that any issues they had are in the past and he hopes Wallace comes back.
"I like Mike," said Tannehill. "I've spoken to him, yes. It was great. I just work on what I can do. I think the front office is doing a good job of evaluating the team and trying to put the best team on the field."
According to the Miami Herald, if Wallace gets released, the team could be looking to re-sign Hartline despite releasing him. The issue is that Hartline is getting a lot of attention on the free agent market, making several visits to wide receiver needy teams. If the Dolphins continue to sit around and wait with Wallace, they could miss out on a lot of players in the process. That would leave Miami to target more high-priced players like Jeremy Maclin and Randall Cobb.
