4:06pm: Speaking to Armando Salguero of the Miami Herald, a Dolphins source strongly denied that the team is open to trading Wallace and Wake. As was the case with the team’s dismissal of the Jordan trade talk earlier, I don’t think this necessarily rules out the possibility of a deal. Still, a trade isn’t likely, and if there were any discussions, Miami’s new regime may have just been doing due diligence to gauge the value of its current assets
2:23pm: In addition to exploring the trade value of last year’s No. 3 overall pick Dion Jordan, the Dolphins may also be putting out feelers on potential deals involving wide receiver Mike Wallace and defensive end Cameron Wake. Jason La Canfora of CBSSports.com hears from numerous league sources that Miami might be open to moving both Wallace and Wake, adding that that perception has only grown within the last week or so.
As I noted when La Canfora first reported the trade rumblings involving Jordan, there are plenty of reasons why the Dolphins might dangle players as trade chips. The team has many holes to fill, including several on the offensive line, and a new decision-making group is in place this offseason, led by recently hired GM Dennis Hickey. Still, Wake is one of the league’s top pass-rushers, and Jordan and Wallace were Miami’s two big offseason additions just a year ago. I’d be somewhat surprised if the Dolphins moved any of them in the coming weeks, though La Canfora hears from sources close to all three players that they wouldn’t be shocked by a trade.
Wallace and Wake are both under contract for several more seasons – Wallace through 2017 and Wake through 2016 – and their deals would make it tricky to find a trade partner. Presumably, in any swap, the Dolphins would be looking to add draft picks and perhaps move up in the first round, as well as creating additional cap flexibility. La Canfora writes that adding an elite tackle will be a priority for the club in either the draft or free agency.