Seahawks may be offering Wilson $21 million in “new money”

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When it comes to the negotiations between the Seahawks and quarterback Russell Wilson, hard facts have been difficult to come by. There’s one fact that, if true, will make it hard to get a deal done by Friday’s artificial-but-real deadline.

Multiple reports have indicated that the Seahawks are offering Wilson $21 million per year. As one league source with experience negotiating quarterback contracts (but with no direct role in the Wilson talks) explains it, the $21 million most likely isn’t the total annual value at signing; it’s the “new money.”

In other words, if the Seahawks are offering Wilson a five-year deal with $21 million per year in “new money,” that average applies to the four new years — making the total value in the range of $85.5 million. Which would give the offer a total value of $17.1 million.

If the Seahawks were offering a contract with a total value of $21 million per year, the “new money” average (i.e., $105 million minus $1.5 million divided by four new years) would be $25.625 million. And the reports, as the source believes it, undoubtedly would be that the Seahawks are offering more than $25 million per year, not $21 million.

As a result, the source contends that the recent analysis of the offer from ESPN’s John Clayton is incorrect, because it presumes the Seahawks are offering $21 million in total value, not in new money.

The “new money” analysis is a subtle distinction that has major ramifications for a guy who has a one year left on a four-year slotted third-round rookie deal at only $1.5 million. As a general rule, teams like the “new money” characterization before a deal is done, because it makes the offer look better than it really is. Players and their agents like the “new money” characterization after a deal is done, because it creates the impression that the player got more than he actually received.

All the major quarterback extensions (such as the Aaron Rodgers $22 million-per-year deal and Ben Roethlisberger’s $21.85 million annual package) have been described that way by looking only at the “new money.” If, as the source insists, the Seahawks have offered Wilson $21 million not in total value but in “new money,” the gap between the two sides is considerably wider than previously believed — and the chances of Wilson playing out the 2015 season are greater than they otherwise would be if the total package were worth $21 million per year.

38 responses to “Seahawks may be offering Wilson $21 million in “new money”

  1. Looks like “too much money” to me.

    He’s less established than the team. It’d be very different if his team was average, or worse.

    I’m interested to know what God says next.

  2. Just remember, all he cares about is playing football and he’d play for 1.5 mil or 25 mil. This is key when it comes out he turned down a deal worth say 20 mil a year because he wants 21+.

    These athletes piss me off with their BS.

  3. Insulting low-ball from Seattle. He should be the highest paid QB, with the most guarantees, and anyone who thinks otherwise doesn’t understand the fundamental concept of salary cap growth.

    If Seattle doesn’t do it, he should play this year for $1.5m, get the $25m franchise tag next year, and then let the Seahawks fade back into irrelevance without him.

  4. If Wilson actually plays this year under the old contract, he is a fool. His agent should have made it clear that he would be wasting a opportunity to make $20M this year instead of $1.5M. Take it now or it is lost.

    If they don’t, Wilson will prove he is both greedy and dumb.

  5. An annual salary of 17.5, in today’s market, seems like a fair deal for Wilson. He should take it if he has any interest in staying in Seattle.

  6. Strange negotiations. The Seahawks have a clear ally in the media, who all have lined up to declare, Wilson should take whatever they put on the table, because he is not worthy.

    I get the feeling that each of the experts saying this are the same ones, who had no clue who Wilson was and had projected him as a career backup, at best. Now they get to justify their wrong thinking by negotiating for SEA.

    Wilson has proved them all wrong, so like the Iraq War experts, here they come again, with their sage advice. They’ve tainted public opinion by saying Wilson wants to be the highest paid, which is something he never said. Leave’em alone and let them work it out.

    It’s actually pretty funny that Ryan Tannehill had no controversy and Wilson does. Cue Don King, “only in America”.

  7. Wilson is really exposing himself for what he is in this whole deal. That’d be a shame if he bet on himself this year & ended up blowing out his knee. What a greedy turd.

  8. New money. Old money. That’s a LOT of money.

    Seahawks – you have gotten a great QB for SUPER cheap.

    Russell – the Seahawks believed in you and gave you your chance.

    Both of you need to work out a better deal and it should be in the range of Russell close to the highest paid QB in football. Why the highest paid? Because the cap has gone up massively every year the past few years. He should be right below Rogers the way I see it. Like it or not Wilson is a Super Bowl winning QB and he has great stats for 3 years in the league.

  9. Russell Wilson is not in the same class as the names making $20mil+. I know he’s won a SB and been to another but just because he’s a franchise QB doesn’t mean he should be paid like an elite QB. Having said that he will be paid that much by the Hawks or another team.

  10. Yeah, but keep telling us about how he’s just a game manager and should take this bum deal “for the good of the team,” lol. So you idiots who have consistently been beating your sellout drum for the billionaires all off-season are saying that Dalton, Newton, and Tannehill (who all have pretty good defenses with all that money their teams have invested in them) are worth more, lol. He should get $22 mil a year and that should be the floor. If he signs for $20 mil a year, he’s being nice because I wouldn’t and would just play the Revis game for 3 years until I get to free agency so Buffalo, Cleveland, or some other team will do the right thing and pay me.

  11. The problem with “new money” characterization is that it paints an entirely inaccurate picture as to the value of the actual deal. I know, for the individual player perspective, “how much more I can make over how many extra years” makes some sense as a measure, but as far as reporting in the media, the trend of reporting “new money” over “new years” VASTLY distorts the reality of the deal.

    For instance, Aaron Rodgers signed a 7-year deal worth $130.75 million. His actual average annual value is under $18.7 million per year, and his cap numbers generally reflect that (topping out at $21.1 million in 2018). Reporting that Rodgers makes $22 million/year is flat out incorrect.

  12. why should they take away the last year at $1.5M? you and Peter King keep acting like that’s an automatic. they have no reason to do that. it should be averaged in. it’s leverage.

  13. Seattle holds all of the cards. I can’t imagine a scenario where Wilson is dumb enough to decide to risk injury and play for only 1.5 million when he can sign a new deal and make 21 million. Even if he is that dumb, Seattle can just franchise him for the next 2 seasons.

  14. All key components are locked up long term.. how does signing Russell Wilson end the Seahawks run? It doesnt. Hawks aren’t going anywhere but the top again.

  15. The team has all the leverage here. They can franchise Wilson the next 2 years if they choose and part of the money they put aside this year for Wilson can go to extend Bobby Wagner which would be huge.

  16. Don’t forget the salary cap. There are other players who need to be paid on the Seahawks besides Wilson. At some point the Seahawks May simply have to let go. It is not a matter of being cheap rather it is a matter of fair distribution for the entire team.

  17. Why are the Hawks dragging their feet? it’s because they don’t think he’s truly and elite QB in this league. I have to agree with that line of thinking. He has a team who’s D is top notch and they have some dude who can run through the other teams defense.
    The Hawks have the lowest average of passes in the league, at 47% if I remember correctly. The question is, can Russell take the team on his shoulders and win the game. The last throw we saw him make proved he can’t.
    I like the guy, but elite, I say no sir!

  18. “DOWN GOES FRAZIER”(Seahawks)…. One ring is better than none. Like San Diego, Cleveland, Detroit, Buffalo, Carolina, Atlanta, Houston, Philadelphia, Minnesota, Tennessee, Jacksonville, Cincinnati, Arizona…no Lombardi.

  19. 1. Wilson has some leverage in that he can threaten to sit for 10 games this season and be a free agent (and be franchised) next year.

    2. “fairness” isn’t a meaningful term in this case. What matters is what the 2 parties will accept.

    3. 21MM/year sounds reasonable, it’s not an insulting low ball offer. That doesn’t mean the Wilson wont try for more. 21 in new money sound s”fair”. Making 21 MM/year and tearing up this years contract – it’s up to negotiations. The Seahawks are giving up a lot in that case. Maybe they should ask for a 6 year contract to help balance that.

    4. The cap has gone up quite a bit each year, and if it goes up 10MM/year for another few years then 21 or 25MM/year isn’t important. But if the cap increases flatten out, teams can get burned with a couple of big contract increases scheduled.

  20. It is fun to see the dynamic between Seattle fans and Seattle haters.

    Seattle fans: He should take the money and failure to do so shows he is not godly and/or he is very grieedy.

    Seattle Haters: He should hold out for more, that is an extremely low ball offer and he deserves more. Play for the 1.5 and make them break the bank next year with the fully guaranteed franchise tag contract.

    The other funny thing is everyone here thinks 1.5 million is chump change and he will go broke if he plays for that money. Have you seen his girlfriend, they don’t need money and 1.5 million can easily afford a great life-style anywhere.

    Just for the record, I believe he should sign a deal worth 30M/yr…Seattle would be toast within 2 years.

  21. I don’t get why everybody is whining all the time about this. Every employee will always maximize their efforts to make the most money they can, whether they are making $50k, $150k or $150million – it’s the nature of business. So, stop all the “selfish” banter, because even though we don’t like seeing RW & the Hawks in this alleged stalemate every single one of us would do the exact same freaking thing. 🙂 Bottom line, they need each other…the Hawks won’t be able to win as much without him, and RW possibly wouldn’t win as much elsewhere, without our stellar defense. All you trolls need to stop listening to the stupid media and enjoy the season. A deal WILL get done, and as usual the media will look like a bunch of morons; and the rest of us will look worse for believing them to begin with.

  22. Is it possible for Kaepernick to look more like a team player, than Russell!?! Anyone outside of the fandom can see that Russell is phony, he lets his selfishness slip every once in a while but he quickly realizes it or because he is such a “good guy” to the media they don’t harp on it. The guy is selfish and the Seahawks will take this hit when they sign him. Gone are the loaded teams, once he is under his huge contract, those injuries are going to start to hurt more.

  23. It’s all negotiations. Too bad it all has to be done in the media. I wonder if all this media talk is anywhere close to reality. I doubt it.

    By the way Wilson cannot hold out this year for those of you who have been throwing that one out there. If he does he won’t be eligible for free agency next year. He needs all his time to count.

  24. I have to remind myself most fans are on the side of the team. I need to remind myself if I were a player only my agent and myself have my best interest at heart.
    Therefore Russell needs to go for as much as possible. There is a 100% injury rate, teams can cut you in football almost whenever they want, and playing for a long time is not the norm.
    This is not different for him or any other player in the league.
    I will always side with the player.

  25. “I have to remind myself most fans are on the side of the team”

    This is true as I am fan of the team, players come and go. I was a fan of a team before Russell was born and god willing, I will be a fan after he is gone/retired. But to go with this, it would be nice if the player would side with the fans, team, someone other than the agent. In reality every player says they want a ring but only a few are willing to take less to get it. As a fan, that should upset you that the player is putting himself above the team. I mean, in reality, how much does a player need to survive? You think he is hurting for money now? Will his life dramatically change if he gets the reported 21M/17M, versus say 25M? I really don’t think so. There is just so much you can spend in a lifetime and good luck surviving one of the deadliest sins, Greed.

  26. The real deadline isn’t for another 3 years so everyone can just calm the heck down.

    Baseball agents should stick to negotiating baseball contracts because it’s clear this agent doesn’t realize how little leverage he has because they don’t have franchise tags in baseball.

    Don’t play hardball when the game is football.

  27. All these comments saying RW is “greedy” and not one of them has the sense to recognize he’s produced for a palsy salary by NFL QB standards. Bunch of babbling idiots!

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