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Shaun Alexander agrees with Seahawks (1 Viewer)

fridayfrenzy

Footballguy
Jay Glazer / FOXSports.com

Posted: 5 minutes ago

The No. 1 free agent on the open market is now off the market.

FOXSports.com has learned that the Seattle Seahawks have agreed to terms with Pro-Bowl running back Shaun Alexander on a whopping eight-year, $62 million deal that includes in excess a total of $15 million in the first year in bonuses (signing and roster) and salary.

The Alexander deal is not contingent upon a new CBA getting done as the Seahawks have the necessary cap space to make such a move. However, the contract still has to get approved by the NFL front office and Alexander needs to sign the contract.

NFL MVP Shaun Alexander will return to Seattle and help the Seahawks try to get back to the Super Bowl. (Harry How / Getty Images)

The league's MVP was wise to take such a deal as the running back market in free agency will likely be much lower than several big-named veterans may think. In addition, Alexander didn't want to leave the Seahawks.

Alexander broke the NFL's single-season touchdown mark this past season, helping push the Seahawks to the NFC title. Now Seattle must turn their attention to Pro-Bowl guard Steve Hutchinson.

It's unclear how the deal is structured with regards to how much cap space this deal takes up in the first year of the new contract. Seattle had a decent amount of salary cap room heading into this free agent period.

Now that Alexander is off the market Edgerrin James, Chester Taylor and Jamal Lewis as well as DeShaun Foster (transition tag) will try to follow up in a very slim market.
http://msn.foxsports.com/nfl/story/5384774
SEATTLE -- NFL Most Valuable Player Shaun Alexander has agreed to a $62 million, eight-year contract to remain with the Seattle Seahawks, his agent said Sunday night.

Jim Steiner said the deal is the richest ever for an NFL running back and will net the league's leading rusher over $15.1 million in guaranteed cash..........................................

"They definitely wanted to do this," Steiner said of the Seahawks bringing back Alexander, who set an NFL record with 28 touchdowns last season. "And Seattle was Shaun's first choice all along."
Hawks RB Shaun Alexander hasn't signed anything yet, so it's pretty tough to verify numbers. So far we have heard about an eight-year, $62 million deal with about $15 million in the first year. Here is how I expect things to break down: about $11 million in signing bonus and the other $4 million (or so) in first-year money divided across base salary and roster bonus. If my unofficial calculations are correct, the first-year cap hit shouldn't stray too far from the cap hit produced by the one-year, $6.323 million deal Alexander played under last season.

Alexander will probably receive somewhere around $22-23 million over the first three years of this deal.
 
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M

MLBrandow

Guest
Lot of people saw this coming.

Still great to see a star get paid what he is worth though.

 

Sweet Love

IBL Representative
Hopefully for the Seahawks case it is very cap-friendly, or else they will really regret offering this deal.

 

mad sweeney

Footballguy
Hopefully for the Seahawks case it is very cap-friendly, or else they will really regret offering this deal.
With the way they handled the offseason last year and the personel doing the deal I have to believe the contract is amenable to the FO. They were willing to get rid of him so I can't see them screwing themselves to keep him.
 

faulkfan

Footballguy
I for one am glad that this didn't have to turn into a soap opera. As his owner in a keeper league this also makes my life a little easier. I just can't imagine any other team where he will have anywhere near the value he does in Seattle. That OL and passing game should mean he will be a stats monster for the next two years at least.

Thank you Paul Allen.

 

-OZ-

Footballguy
1 owner in every league breathes a sigh of relief.

The rest are disapointed.

This makes sense. While I think almost any very good RB would be exceptional in Seattle, Holmgren knows what he has in Alexander and the fans like the guy.

 

FreeBaGeL

Footballguy
Sucks for non-SA FF owners everywhere.

I was looking forward to picking up whoever Seattle brought in earlier than most next year. Oh well.

 

fridayfrenzy

Footballguy
Given the lack of an extended labor agreement, teams can prorate signing bonuses over only four years. That is the case with Alexander's deal, and my understanding is that those guidelines are locked in (for his deal) and will not change pending a new labor agreement.
 

cstu

Footballguy
Given the lack of an extended labor agreement, teams can prorate signing bonuses over only four years. That is the case with Alexander's deal, and my understanding is that those guidelines are locked in (for his deal) and will not change pending a new labor agreement.
That's still only $2.75M a year ($11M/4) over the 4 years. If there's a new deal, why would he not be able to restructure?His cap number should only be around $7 million a year ($4M salary + $3M bonus) so the Seahawks in essence gave him a guaranteed franchise tag for 3 years. After the 3rd year they can cut him and only take a $2.75M cap hit, which would actually result in a cap savings for the 2009 season (his 2009 salary - $2.75M).

 
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Incogneto

Footballguy
as a diehard seahawk fan, I will be one fo the few to say...

NOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!

Over-rated!!! Bah!

 

gump

Footballguy
Do you guys think Seattle cost themselves $$ by waiting thru the season and watching SA win the scoring title, rushing title, and MVP?

 

Pabst Blue Ribbon

Footballguy
Do you guys think Seattle cost themselves $$ by waiting thru the season and watching SA win the scoring title, rushing title, and MVP?
Maybe a little but not a significant amount. While his numbers this year were amazing, what he had done prior to this year would merit a deal very close to this one.
 

Frenchy Fuqua

Footballguy
Great deal for Alexander. He'll be 29 at the start of the 2006 season, not exactly a great age to sign a RB to a deal of this size. Edge will be lucky to get a deal in this ballpark. He'll be 28 heading into 2006. Both RBs are coming off seasons in which they had 400+ touches (including the postseason).

 

fridayfrenzy

Footballguy
Seahawks have a press conference beginning soon and then we can find out thebreak down of the contract and ascertain if it is good for the Hawks or not.

An 8 year - 62 million dollar means nothing up front, we have to see how the money is allocated in each year. The signing bonus will be amortized over 4 years, so after that he can be cut without any cap ramifications. This will essentially be a 4 year deal, so I am curious as to the breakdown of the 4 years.

 

DoctorDetroit

Chocolate Thunder
Seahawks have a press conference beginning soon and then we can find out thebreak down of the contract and ascertain if it is good for the Hawks or not.

An 8 year - 62 million dollar means nothing up front, we have to see how the money is allocated in each year. The signing bonus will be amortized over 4 years, so after that he can be cut without any cap ramifications. This will essentially be a 4 year deal, so I am curious as to the breakdown of the 4 years.
:popcorn: , and I mean that.
 

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