Seahawks make large transfer by restructuring Tyler Lockett’s contract

The longest tenured offensive participant on the Seattle Seahawks is sticking round for a minimum of one other season.

Star huge receiver Tyler Lockett has agreed to a restructured contract of two years and as much as $34 million, in line with NFL insider Mike Garafolo.

Lockett’s cap hits had been set to be slightly below $27 million over every of the subsequent two seasons. Based mostly on OverTheCap’s Jason Fitzgerald’s evaluation, his cap hit for 2024 ought to be lower in half.

We’ll replace the article (or simply write a brand new one) each time Lockett’s full contract particulars are made out there.

Lockett was considered a attainable cap casualty or commerce candidate given Seattle’s cap state of affairs, his age (31 years outdated), and the current determination to draft Jaxon Smith-Njigba within the first spherical. One of many nice receivers in group historical past, Lockett is barely behind Steve Largent for the Seahawks’ all-time prime spot in receptions, yards, and touchdowns.

Final season noticed one among Lockett’s least environment friendly campaigns in current seasons, catching 79 passes for simply 894 yards and 5 touchdowns. His 7.3 yards per goal was a profession low, and he solely caught 9 passes of 20+ yards, his fewest since 2017. He’s nonetheless one of many Seahawks’ finest route runners and key third down targets, even when there’ll probably come some extent the place JSN will overtake his goal share. There’s little question that Lockett stays an essential a part of the Seahawks offense, and this could point out that Seattle will roll with the Lockett/DK Metcalf/JSN trio for a minimum of 2024.

If Lockett’s cap hit is decreased by $13 million, the Seahawks ought to have properly over $50 million in cap house forward of the authorized tampering portion of free company on Monday, March 11.