All offseason fans of the Seattle Seahawks have anticipated the team would make some kind of move in order to free up cap space, whether that be the restructuring of Russell Wilson’s contract, or through one of the other veterans on the roster. Thursday evening exactly how the Seahawks will be creating cap space was made known when one of the key members of the team made an announcement on social media.
It’s been real 12s ✌ tomorrow at 1 it’s official ... on to the next chapter— jarran reed (@jarranreed) March 25, 2021
The part “tomorrow at 1” would seem to indicate that Jarran Reed is set to be released, and NFL insider Ian Rapoport confirmed just that on Twitter as well.
Usually, cap conversions for space are easy. But Jarran Reed wanted a long-term commitment instead. When Seattle wouldn’t give it... the situation went to a bad spot. Now, parting ways. https://t.co/gwAhF11zVt— Ian Rapoport (@RapSheet) March 25, 2021
So, apparently the Seahawks wanted to add void years in order to be able to convert a portion of Reed’s 2021 base salary to signing bonus, but Reed wanted more longer term security. Thus, the end result is that as of 1 PM Pacific Time tomorrow Reed appears likely to become a free agent when the NFL posts its official transactions report.
That will free up $8.975M of cap space for Seattle, but the dead money of $5M left for the Hawks will leave Reed with the biggest cap hit of all Seahawks defensive linemen, even though he won’t even be on the roster.