The Eagles have found their replacement for Torrey Smith.
Heck, they found an upgrade.
On Thursday, the Birds agreed to terms with veteran speedy receiver Mike Wallace on a one-year deal. The deal is worth $2.5 million, according to NFL Network's Ian Rapoport.
This signing makes a ton of sense for the Eagles, especially if they weren't ready to hand Mack Hollins the starting spot Smith left. Hollins can now split time with Wallace. Even if the Eagles didn't trade Smith, they weren't going to keep him at his price tag, so adding Wallace gives the Eagles a veteran with speed at a cheaper cost.
Wallace, 31, is coming off a season in which he caught 52 passes for 748 yards (14.4 yards per reception) and four touchdowns. For comparison, in 2017, Smith caught 36 passes for 430 yards (11.9) and two touchdowns. And Smith dropped seven passes, while Wallace dropped just three, according to ProFootballFocus. In fact, Wallace's numbers weren't far off from Alshon Jeffery's stats last year (57 receptions, 789 yards, 9 touchdowns).
While Wallace isn't coming off his best season in 2017, he went over 1,000 yards in 2016 and has averaged 15.0 yards per reception during his nine-year NFL career. The Eagles hope he'll be the deep threat they thought they were getting in Smith.
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Since he entered the NFL in 2009, Wallace is second in the league in 40-yard receptions and in 50-yard receptions. He has 43 receptions of 40-plus yards (behind DeSean Jackson's 56) and 26 receptions of 50-plus yards (behind Jackson's 36).
If that's not recent enough for you, the Eagles had seven pass plays of 50-plus yards in 2017; Wallace had three on his own. He can still stretch the field.
The Eagles can now start Alshon Jeffery and Wallace on the outside, which will allow them to keep Nelson Agholor in the slot, where he was great last season. Then they'll still have Hollins and Shelton Gibson (both draft picks from 2017) off the bench. Not bad.
Wallace will turn 32 before the season starts, so the Eagles have added another veteran player, something they've done plenty this season. They already added Michael Bennett and Haloti Ngata. It's pretty clear the Eagles see the need to maximize their window of opportunity and getting players to join them is probably easier coming off a Super Bowl win.
Signing veterans on one-year deals certainly worked well for the Eagles last season and if this one works out too, they will have found a good fit for the 2018 season.