Russell Okung has signed a deal with the Super Bowl Champion Broncos, officially ending his time as a Seahawk. The deal is worth a reported $54M over five years -- or $10.6M APY, with another report stating that he could earn up to $12M per year. The Seahawks evidently chose not to match that offer, and will now be looking to find a new left tackle.
Update: here are more details on the contract:
(Okung employed this former agent and cap specialist to help him negotiate his deal):
To be clear: Okung's deal is 1yr ('16) at up to 8M (base 5M), then DEN option for 4yr deal (17-20) at 12M/yr, 35.5M over 17-19, 20.5M guar'd— Jimmy /J.I./ Halsell (@SalaryCap101) March 17, 2016
And more from La Canfora:
Russell Okung's deal with Denver is essentially 2 contracts in one. He gets $5M guaranteed for 2016 w/chance to make up to $8M in incentives— Jason La Canfora (@JasonLaCanfora) March 17, 2016
Then Denver has a window after the season to opt to pick up an option for a 4yr deal (2017-2020) worth $12M/year w/$20.5M guaranteed...— Jason La Canfora (@JasonLaCanfora) March 17, 2016
Deal provides opportunity to be worth up to $10.6M/yr if Okung can stay healthy and produce this season. He had 1yr offer from DET on table— Jason La Canfora (@JasonLaCanfora) March 17, 2016
Steelers had been offering a long-term deal as well, but with very limited guarantees, which given his injury situation is not surprising...— Jason La Canfora (@JasonLaCanfora) March 17, 2016
This contract reflects the amount of risk around Okung, who has missed a lot of games over the years and recently had shoulder surgery.
With the Okung deal, the Broncos will now look to trade Ryan Clady, their current left tackle. Clady is due to cound $10.1M against the cap this year and it was reported that the team was trying to restructure that deal. With Okung now under contract, that won't be necessary.
The Seahawks really may have to find their left tackle in the draft at this point. There aren't many left tackles out on the open market, as Kelvin Beachum signed in Jacksonville and Donald Penn re-signed in Oakland.