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Mike Wallace, Miami have 5-year deal

Updated: March 13, 2013, 8:04 AM ET
ESPN.com news services

The Miami Dolphins have signed free-agent wide receiver Mike Wallace.

The Dolphins announced the deal on their official Twitter feed saying, "The ink is dry and it's official. Please welcome @Wallace17_daKid to the Miami Dolphins!"

The deal is worth $60 million over five years and includes $30 million in guarantees, sources told ESPN NFL Insider Adam Schefter.

Wallace, a restricted free agent, had 1,193 receiving yards and eight touchdowns ...

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