The Miami Dolphins and outside linebacker Cameron Wake have agreed to terms on a four-year contract extension worth $49 million, ESPN's Adam Schefter reports.
According to Schefter, the deal includes $20 million in guaranteed money.
The 6-foot-3, 250-pound pass-rusher was scheduled to earn just $665,000
in total compensation in 2012, the final year of his four-year, $2.695
million contract. That sum includes a league minimum base salary of
$615,000 and a $50,000 workout bonus. Wake was absent for the start of the team's off-season workouts, but has since reported to the program.
Since signing with the Dolphins as a CFL free agent in 2009, the 30-year-old Wake has started 31 of 46 games
and totaled 122 tackles, 28 sacks with four forced fumbles with eight
passes defensed. Wake went to the Pro Bowl in 2010 after posting 14 sacks, and while his sack total dipped to 8.5 last season, Football Outsiders' Aaron Schatz noted that Wake drew a league-high 13 holding penalties, including eight on passing plays in 2011.
We'll try to track down the details of Wake's extension, but in all likelihood, today's extension will eat up a good chunk of the nearly $7 million in cap space the Dolphins had remaining. Additional room may be created in the coming days and weeks, with linebacker Karlos Dansby a candidate for restructuring Pro Bowl left tackle Jake Long up for an extension that could reduce his $12.8 million cap number.