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Thursday, June 13, 2013

Report: Wallace turned down $76 million from Vikings

A report from USA Today says that former Steelers receiver Mike Wallace turned down a $76-million deal from Minnesota to accept a $60-million contract from the Miami Dolphins.

That might be true - though the news of the Minnesota contract is coming from Wallace's father.

But what we don't know is how much of that $76 million was guaranteed and how many years the Minnesota offer was for.

Wallace is quoted as saying that money isn't everything. He wants to win titles and go to Pro Bowls.

If that was the case, he would have stayed in Pittsburgh where he had an established quarterback and had already been to Super Bowls and Pro Bowls.

But he didn't.

What we do know is that $30 million of Wallace's contract with Miami is guaranteed. So if he never plays a down for the Dolphins, he gets $30 million.

That's financial security for a lifetime and then some.


Anonymous said...

$30 million guaranteed on a 5 year deal vs $30 million guaranteed on an 8 year deal ... I'm failing to see where he took less to sign with the Dolphins.

I can't remember the last free agent that didn't try to pull this same PR stunt.

Anonymous said...

The reality of Wallace's decision may have more to do with the fact that Florida doesn't have state income tax. Each dollar he makes in Miami is worth more than a dollar made in Minnesota. Straight business.

Dale Lolley said...

That makes a big difference as well.

Anonymous said...

Rather live in Miami then friggin Minnesota

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