Update:
The Ravens have announced that WR Mike Wallace is expected to agree to a contract this afternoon.
- Adam Schefter reports that Wallace receives a two-year, $11.5 million contract from the Ravens.
- Ian Rapoport reports that the contract includes an option for the 2017 season, but the Ravens would need to decide on whether to pick it up by the end of the 2016 league year.
WR Mike Wallace is in the building and is expected to agree to a contract this afternoon. He's with Coach Harbaugh right now.
— Baltimore Ravens (@Ravens) March 15, 2016
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Ian Rapoport of NFL Media reports that the Ravens are closing in on a deal with veteran WR Mike Wallace.
The Ravens brought Wallace in for a visit on Monday and were reportedly meeting with him today as well.
Jason La Canfora of CBS Sports reported that the Ravens had “real interest” in signing Wallace to a contract, so they were clearly the favorites for him, even though some had mentioned a return to the Vikings was still possible.
It’s worth mentioning that signing Wallace to a contract wouldn’t factor into a team’s 2017 compensatory picks.
Wallace, 29, was in the fourth five-year, $60 million contract that included $30 million guaranteed when he was released by the Vikings in a move that freed up $11.5 million in available cap space last week.
In 2015, Wallace appeared in all 16 games for the Vikings and recorded 39 receptions for 473 yards receiving and two touchdowns. Pro Football Focus has him rated as the No. 96 receiver out of 121 qualifying players.
We have him featured in our Best Available Free Agents list.
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