The Facts:
Following up on a
previous item. ... Wallace's contract was initially described only as being worth $60 million over five years, with $30 million guaranteed. Here are the full details, per a source with knowledge of the contract: 1. $11 million signing bonus; 2. $1 million base salary in 2013, fully guaranteed; 3. $15 million base salary in 2014, fully guaranteed; 4. $9.85 million base salary in 2015, $3 million of which is guaranteed for injury at signing and fully guaranteed next March; 5. $11.45 million base salary in 2016; 6. $11.45 million base salary in 2017; 7. $50,000 workout bonus, each year.
Reported by Profootballtalk.com
Fantasy Football Diehards Line:
According to PFT's Mike Florio, the cap numbers are $3.25 million in 2013, $17.25 million in 2014, $12.1 million in 2015, $13.7 million in 2016, and $13.7 million in 2017. It adds up to $27 million in fully guaranteed money. As a practical matter, it’s a three-year, $37 million deal, with a year-to-year option on the remainder. Florio went on to suggest that by 2016, the question will become whether Wallace’s performance justifies an investment of $11.45 million in cash -- especially since cutting him would cost only $4.4 million against the cap. Also worth noting: The low cap number in 2013 gives Miami plenty of additional room to maneuver as the team attempts to improve its performance heading into training camp. Bottom line? Looks like everybody got what they wanted here. Now Wallace just has to deliver as expected.
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