The Dolphins have signed defensive end Olivier Vernon.
The signing, first reported by Jason Cole of Yahoosports, means the Dolphins have two rookies unsigned at this hour. Rookies are to report to camp Thursday and the first practice for the entire team is Friday.
I have reported earlier today that Vernon's deal was close and that first-round pick Ryan Tannehill would be done by the end of the weekend, if not earlier. The Dolphins obviously hope to wrap up both Tannehill and tight end Michael Egnew by tomorrow or Friday so they can report on time and not miss a practice.
The Vernon deal is believed to be for four years and worth between $3-2.75 million.
Vernon will compete for playing time at defensive end. The Dolphins have high hopes he can even compete for a starting job opposite Cameron Wake.
[Update: The actual deal is indeed four years worth $2,848,080 with a $638,080 signing bonus.]