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Richard Sherman announces deal, says he’s getting $40 million guaranteed

San Francisco 49ers v Seattle Seahawks

SEATTLE, WA - DECEMBER 23: Cornerback Richard Sherman #25 of the Seattle Seahawks fires up the crowd during the fourth quarter of the game against the San Francisco 49ers at CenturyLink Field on December 23, 2012 in Seattle,Wa. The Seahawks won the game 42-13. (Photo by Steve Dykes/Getty Images)

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The Seahawks are holding a press conference at 2 p.m. ET and they will indeed be announcing an extension with cornerback Richard Sherman.

They won’t be the first to announce it, however. Sherman has already taken care of that.

On his blog, Sherman called himself “blessed to announce” that he had signed a contract that would keep him in Seattle for several more years. Sherman also went a step further and announced the terms of the deal. He says he’s getting a four-year extension with a total value of $57.4 million. Sherman adds that $40 million of that money is guaranteed, although he stops short of sharing whether or not those are full guarantees or guaranteed against injury only.

As Jay Glazer of FOX Sports initially reported, the deal makes Sherman the highest-paid cornerback in the league. With Earl Thomas leading the list at safety, the Seahawks secondary is now being paid at a level commensurate with the widely-held belief that it is the best secondary in the game.