No trade happened, Armstrong was released and Slaton had a temporary reprieve as a member of the Dolphins' 53-man roster.
One day later, Armstrong appears to be replacing Slaton in Miami.
A few minutes later, Slaton indicated on Twitter that he had been waived.
If the Dolphins get the 2010, 19.8-yards-per-catch version of Anthony Armstrong, they might have a legitimate deep threat and playmaker on the perimeter. If they get the 2011 version of Armstrong, who caught just seven of the 27 passes thrown his way, the search for receiver help will continue in South Florida.