The Miami Dolphins are not prepared yet to cut Mike Wallace as they search for a trade.

Wallace's trade value was perhaps best represented by Ravens owner Steve Bisciotti's recent comments on Torrey Smith's free agency prospects.

"Mike Wallace got $10 million," Bisciotti said, "I don't think anyone thinks that was a good deal."

Wallace is due $9.85 million in 2015 as part of a five-year, $60 million deal.

The wide receiver market is strong in both free agency and in the draft this offseason.