The Facts: Following up on the ongoing story. ... Wallace is scheduled to cost the Dolphins $12.1 million against the cap in 2015. No one, and I do mean no one is going to take that contract in trade so get that out of your mind now. He is also not going to accept a pay cut, per a source. So the Dolphins' choice is to decide to keep Wallace or cut him.
Diehards Line:
So wrote Herald staffer Armando Salguero, who went on to notes that if the Dolphins cut Wallace post June 1 (either in fact or through a post-June 1 designation, of which they get two) they can save $6.9 million of cap space but would carry $5.2 million of dead money. If they cut him prior to June 1 the cap savings is only $2.5 million and the team would carry a whopping $9.6 million in dead money on the player. Wallace, by the way, is going to get $3 million in actual dollars from the Dolphins even if he is cut because that money is guaranteed. The issue gets tricky with Wallace because making a decision on him is not soley a cap issue. As Salguero and others reported weeks ago, Wallace told his position coach and later repeated to his head coach that if he wasn't getting the football thrown to him, there was no need for him to play just prior to halftime of the season-finale against the New York Jets. Wallace has denied this. But, Salugero contends, not only did he do it, I am told he did it previously, including in the 41-13 loss to the New England Patriots. So the issue now is whether HC Joe Philbin can keep Wallace on the team and keep the respect of the locker room at the same time -- knowing that dozens of players in the locker room, including the starting quarterback, are aware of what happened and are now looking to see whether Wallace gets away with it. It is going to be an interesting decision.