The Seattle Seahawks are in the early part of what is set to be another busy and exciting offseason, as the team continues to reload and rebuild after tearing down the final vestiges of the 2013 Super Bowl championship team during the 2022 offseason. There are plenty of holes the Hawks will need to address during the offseason, but last Wednesday the team took care of one of those, signing kicker Jason Myers to a four-year contract extension.
And now that the contract has been processed, the specifics of the contract are known.
Details of K Jason Myers’ four-year, $21.1M deal with the Seahawks, via a source: $7.5M signing bonus; base salaries of $1.165M (fully GTD), $3.635M (GTD for injury now, becomes fully GTD on fifth day of 2024 league year waiver period), $4.2M and $4.6M; no void years.— Brady Henderson (@BradyHenderson) January 21, 2023
For those wanting to know how those terms translate to cap hits, the deal breaks down as follows:
- Signing bonus: $7,500,000 -> recognized as $1,875,000 each season during contract
- 2023: Base Salary: $1,165,000; Cap Hit: $3,040,000
- 2024: Base Salary: $3,635,000; Cap Hit: $5,510,000
- 2025: Base Salary: $4,200,000; Cap Hit: $6,075,000
- 2026: Base Salary: $4,600,000; Cap Hit: $6,475,000
As for what this means for the Seahawks as they head into the offseason, after accounting for the Myers contract extension, as well as the cap requirements of the ten players the team signed to future contracts and incentive charges, OverTheCap.com now lists the Seahawks as having $31.24M of cap space available for 2023.