The Seahawks have done the expected and placed a second-round tender on restricted free agent Jermaine Kearse.
The value of a 2nd round tender in 2015 is $2.356 million, and because Kearse was an undrafted free agent, that's the lowest amount at which the Seahawks could tender. This means that if/when he signs it, he'll play in Seattle unless a team is willing to give up a second round pick to acquire him. The team could also use this as a negotiating starting point with Kearse if they wish to sign him to a multi-year extension, which is exactly what they did with Doug Baldwin last season. Kearse won't get as much as Baldwin did (3 years, $13 million), but may command somewhere around $2-$3 million per year on the open market.
Kearse caught 38 passes for 537 yards and one touchdown in 2014 then added 7 catches for 208 yards and two touchdowns in the playoffs. Against the Packers in the NFC Championship Game, he caught the game-winner from Russell Wilson that sent the Seahawks to the Super Bowl.