The Philadelphia Eagles are welcoming a new threat to their Super Bowl championship roster. On the heels of losing wide receiver Torrey Smith to the Carolina Panthers, the team is signing veteran wide receiver Mike Wallace. The move continues a surprising torrent of roster transition for Philadelphia, fresh off of their first Super Bowl win in franchise history. The team is doing everything in their power to make sure Carson Wentz and the rest of the squad can contend for another one in 2018.

Mike Wallace signs

News of Wallace's impending signing was first reported by Peter Schrager.

Further reports divulged that the receiver would be signing a one-year deal with the team, with a minuscule base salary of $2.5 million. ESPN's Adam Schefter added that the deal could reach up to $4 million if certain incentives are activated. Regardless, the signing seems to be a frugal one for the Eagles, who were looking to replace Smith's production in the free agency market.

Wallace has been in the NFL since 2009, when he burst onto the scene as a rookie with the Pittsburgh Steelers. Since then, he has also played for the Miami Dolphins, Minnesota Vikings, and Baltimore Ravens.

Last year, he was Baltimore's top receiver, catching 52 receptions for 748 yards and four touchdowns. While those numbers don't necessarily jump off the page, Philadelphia isn't asking him to be their No. 1 receiver; that's what Alshon Jeffery is for. His role, in fact, should be similar to Smith's last year.

Implications for Eagles

Wallace has been a burner his entire career -- he ran a sub 4.3 40-yard dash during the NFL Scouting Combine prior to his rookie season. In fact, it's 0.13 seconds faster than the 40 ran by Smith at the Combine. Granted, Wallace will be 32 years old in August, but just the threat of him zooming past an opposing secondary will give Philadelphia's opponents nightmares.

Having Wallace on board will likely prevent Jeremy Maclin from returning to the Eagles, a popular rumor this offseason. He'd be welcomed, but there simply isn't a role for him, let alone money.

Additionally, second-year receiver Mack Hollins won't be moving up the Eagles' depth chart. He largely played special teams last year, but did find the opportunity to catch 16 passes for 226 yards and a touchdown, which came as a result of a 64-yard play from Wentz in Week 7.

With the receiving corps taking shape in Philadelphia, all eyes will move toward the rehabilitation of Wentz this offseason.