The Minnesota Vikings finally got their man.
Two years after courting receiver Mike Wallace in free agency, Minnesota has traded for Wallace and a 2015 seventh-round draft pick in exchange for a 2015 fifth-round draft pick.
Wallace, 28, eventually signed a five-year, $60 million contract with Miami in 2013 and went on to average career-lows with 12.7 and 12.9 yards per catch in his two seasons with the Dolphins. As a former third-round draft pick, Wallace developed into one of the league's top deep threats with the Pittsburgh Steelers, averaging 17.2 yards on 235 receptions in four seasons.
Wallace slipped to 67 receptions for 862 yards in 16 games last season but did tie a career-high with 10 receiving touchdowns. Earlier in the day, Miami had acquired speedy receiver Kenny Stills in a trade from the New Orleans Saints.
Last season, Wallace earned $15 million in base salary as the biggest season payout of his contract. He carries a $9.85 million base salary for 2015 and will count $12.1 million against the salary cap.
In five seasons as a full-time starter, Wallace has never had fewer than 60 receptions or 836 receiving yards in a single season. Greg Jennings led Minnesota with 59 catches for 742 yards last season as the team transitioned from veteran Matt Cassel at quarterback to rookie Teddy Bridgewater.
The Vikings had been searching for a true No. 1 receiver for years and Wallace can provide the deep threat missing from coordinator Norv Turner's offense last season. Wallace joins Jennings on a receiving corps that also includes the emerging Charles Johnson, second-year disappointment Cordarrelle Patterson, Jarius Wright and Adam Thielen for Minnesota.
Jennings, the veteran receiver the Vikings signed three days after missing out on Wallace, has three years remaining on the five-year, $45 million contract he signed. Jennings, 31, is due $8.9 million in base salary and holds an $11 million cap hit.
Jennings has 127 catches in his two seasons with Minnesota, going for 1,546 yards and 10 touchdowns. He would count $6 million in dead money against the cap if released.
The Vikings also hosted defensive end Michael Johnson on Friday.
Johnson was released this week after one year with the Tampa Bay Buccaneers. Like Wallace, Minnesota missed out on Johnson when he was a free agent from the Cincinnati Bengals last year.
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