The offseason started with quite a lot of questions for the Seattle Seahawks to reply within the secondary, although the most important of these questions revolved across the high-paid safeties on the Seattle roster. John Schneider wasted no time addressing that, releasing each Quandre Diggs and Jamal Adams forward of free company.
Then, as free company opened, the Hawks prolonged a proper of first refusal tender to Mike Jackson, which they introduced he had signed on April 8. Nonetheless, after deciding on a pair of cornerbacks within the 2024 NFL Draft, it seems Jackson has agreed to a pay minimize.
Jackson certainly seems to have signed a brand new deal chopping his cap hit from simply over $3 million to $1.2 million. That places Seahawks again within the black in cap house at simply over $1.5 million. https://t.co/ZgoOBnHDAF
— Bob Condotta (@bcondotta) Could 6, 2024
So, Jackson now has a base wage of $1,055,000 and a signing bonus of $167,500, giving him a cap hit of $1,222,500 for the 2024 season.
Some readers could acknowledge the $167,500 signing bonus as the utmost signing bonus allowed on a veteran wage profit contract, nonetheless, Jackson’s contract doesn’t qualify for the cap reduction related to a veteran wage profit contract. Below Article 27 of the collective bargaining settlement, to ensure that a contract to qualify for veteran wage profit therapy, the participant will need to have 4 or extra credited seasons, and in Jackson’s case he has simply three credited seasons.
The restructure creates $1,893,500 of 2024 cap house, and leaves the Seahawks with $2,151,870 of cap house based mostly on the NFLPA Public Wage Cap Report after signing first spherical choose Byron Murphy.
