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Weekly NFL Waiver Wire: Every transaction and a look at which moves relate to the Seahawks

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Doug Baldwin was given a new contract and Andrew Luck became the highest paid player in NFL history.

Mark J. Rebilas-USA TODAY Sports

The NFL offseason became a little more intriguing this week with the re-signings of Seahawks WR Doug Baldwin and Colts QB Andrew Luck. Baldwin's contract became the seventh highest among WR's in the NFL at $11.5M APY, and is similar to the extensions awarded to Allen Hurns and the Keenan Allen. Luck was awarded with the highest contract in the history of the NFL this past week. The contract is worth $140M with $87M in guarantees. Luck will also have an annual salary of $23.3M, which surpasses Aaron Rodgers and Joe Flacco's annual salaries by a little over a million dollars. On a different note in NFL news this week, a few suspensions for performance enhancing were handed out. The only small transactions that were made this week, were made by the Seahawks.

Here is a look at the few moves that were made this week, as well as my thoughts down below.

Arizona Cardinals

Retirements:

- DE Cory Redding.

Seattle Seahawks

Signings/Waivers/Options:

- Re-signed WR Doug Baldwin to a 4-year extension.
- Signed LS Nolan Frese.

Released/Waived:

- Cut WR Jeff Fuller.
- Cut LB Khairi Fortt.

Chicago Bears

Signings/Waivers/Options:

- Acquired QB Connor Shaw through waivers from Browns.

Dallas Cowboys

Suspensions:

- DE Demarcus Lawrence suspended 4 games for violating NFL's Substance Abuse Policy.
- LB Rolando McClain suspended 10 games for violating NFL's Substance Abuse Policy.

Baltimore Ravens

Suspensions:

- WR Darren Waller suspended 4 games for violating NFL's Substance Abuse Policy.

Indianapolis Colts

Signings/Waivers/Options:

- Re-signed QB Andrew Luck to a 5-year extension.

New York Jets

Suspensions:

- DL Sheldon Richardson suspended 1 game for violating the NFL Personal Conduct Policy.

My Thoughts

- I'm excited that the Seahawks were able to get this extension with Baldwin done before the start of the season. Not only does this rest the worries of fans, but it gives the front office a clear picture of what they should do in the offseason, without any surprises or detours in their plan. Beyond that point, Baldwin is an amazing receiver, and he has become Russell Wilson's best target in these last few years. Another four years of Wilson to Baldwin will be a great thing to witness.

- The numbers for Luck's contract makes me feel so thankful that Seattle locked up Wilson at the price they did; $47M guaranteed at signing is an insane amount for one player, even if it is a franchise QB. I am in the camp that Wilson is a superior quarterback to Luck, so I really believe that John Schneider used some black magic to get a better quarterback to sign for less money. It is nothing short of a godsend, thank you BasedSchneider.

- Pete Carroll's number one message is competition. That message even extends all the way down to the long-snapper position. I think it is smart to bring in another long-snapper, because as insignificant of a position as it can seem at times, they become the most important player on the field when they make a mistake. Being able to see two different guys compete at the position, should allow them to confidently pick the right player for the position.

- Apparently the Seahawks put in a waiver claim on Shaw. Unfortunately for them, the Bears were ahead in the waiver order. It doesn't surprise me that they felt the need to put in a claim, due to the recent legal troubles of both Tarvaris Jackson and rookie Trevone Boykin. I'd expect them to bring in at least one veteran QB either right before the start of training camp, or in the first few weeks of camp.