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Report: Mike Wallace deal worth $60 million over five years

San Diego Chargers v Pittsburgh Steelers

PITTSBURGH, PA - DECEMBER 09: Mike Wallace #17 of the Pittsburgh Steelers reacts with fans after his touchdown in the third quarter against the San Diego Chargers on December 9, 2012 at Heinz Field in Pittsburgh, Pennsylvania. San Diego won the game 34-24. (Photo by Joe Sargent/Getty Images)

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The Miami Dolphins made a splash on the first day of free agency bringing a trio of new players to South Beach.

The Dolphins signed linebackers Dannell Ellerbe and Phillip Wheeler to new deals, but neither signing was as big as the one for former Pittsburgh Steelers wide receiver Mike Wallace.

According to Jeff Darlington of NFL Network, Wallace’s new deal with the Dolphins is for five years, $60 million.

Wallace was our top ranked free agent available.