Report: Browns landed Wallace for seventh-round pick

Seneca Wallace, who has his eyes on the Browns’ starting QB job, looks like he was acquired for a bargain-basement price.

When Wallace went to the Browns in a Tuesday trade with the Seahawks, the only known compensation was a 2011 draft pick. Now, Mary Kay Cabot of the Cleveland Plain-Dealer reports that Wallace was acquired for a conditional seventh-round pick. That selection could improve to a sixth-rounder based on playing time, according to a source.

That has to be considered a coup for Browns president Mike Holmgren and general manager Tom Heckert.

As for the reports and rumblings that the Browns are shopping QB Brady Quinn, NFL Network insider Jason La Canfora has heard them, too, but a source told him that a deal is “not very likely now” after the release of Derek Anderson. La Canfora suggested to fans during a live chat that the current reality is Quinn’s market value is low, making a trade scenario unlikely.

However, don’t rule out the Browns acquiring more veteran quarterbacks. That’s a rumbling that La Canfora first posted Monday.

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