How much cap space the Seahawks created restructuring DK Metcalf’s contract

In response to a report from Discipline Yates Tuesday morning, the Seattle Seahawks created cap area with a current restructure of DK Metcalf’s contract.

Extra particularly, Seattle transformed $11.875 million of Metcalf’s wage in 2024 right into a bonus. When cash is paid out to a participant through a bonus (signing, exercise, and so forth.), the worth of the bonus is prorated throughout the time period of the contract for as much as 5 years.

This is the reason Seattle moreover added three void years onto the contract to assist unfold the $11.875 million throughout 5 full years (2024-2028). The three void years that had been created don’t imply that Metcalf is below contract with Seattle by 2028. Relatively, they’re a cap instrument to assist prorate the bonus and create quick cap room. The Seahawks will certainly should resign Metcalf to a different long-term extension earlier than his non-void years expire after the 2025 season.

So how a lot did this maneuver create? With the restructure, Seattle created $9.5 million in cap area. After the transfer, Seattle has roughly $13.2 million in cap area, in line with Over the Cap. Does this transfer predict a attainable free agent signing for Seattle? It is extremely attainable. Yesterday we mentioned some attainable offensive sort out choices Seattle could also be serious about with the current harm to George Fant. Seattle may be serious about beefing up the offensive line on the guard place after each Anthony Bradford and Laken Tomlinson struggled mightily within the first half of final Sunday’s victory in opposition to the Denver Broncos.

Or maybe Seattle could possibly be seeking to make an in-season extension of one among their many younger stars. Jerome Baker, Tyrel Dodson, Connor Williams, Tre Brown, amongst others are all veterans set to hit free company subsequent Spring. Geno Smith has already reached out about an extension. Different younger studs like Riq Woolen and Boye Mafe may also be eligible for extensions, nonetheless that shall be after this season ends. John Schneider may even be saving this cash for later within the season if Seattle had been on the point of authentic rivalry and can be on the lookout for one other in-season commerce.

The extra boring possibility is that this transfer merely was to create additional respiration room for later within the season if an harm had been to happen. No matter transfer John Schneider chooses to make, he now has the monetary flexibility to take action.