Report: Dolphins working on restructured deals for Mike Wallace, Dannell Ellerbe
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It looks like receiver Mike Wallace and linebacker Dannell Ellerbe won't be leaving Miami after all.
The Dolphins are working on restructured contracts for Wallace and Ellerbe, according to Armando Salguero of the Miami Herald.
Reports surfaced that Miami may release both players to create cap space in order to sign Ndamukong Suh and Charles Clay.
As it stands now, Ellerbe is slated to count more than $9 million against the cap in 2015, with Wallace to count for more than $12 million.
Both players still have a lot to offer. Ellerbe missed 15 games last year with a hip injury, but is a tackling machine when healthy. Wallace posted a quiet 10 touchdowns in 2014.