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With the new Kam Chancellor extension, the Seahawks will actually save around $1.5-2Mish against the cap in 2017. With a previous cap hit of $8.125M in 2017 under the old contract, his cap hit under the new deal is $6.64M. The deal contains a $10M signing bonus and cap hits for the following years:

2017: $6.64M
2018: $9.8M
2019: $13M
2020: $14.5M

Here is the contract as it currently stands:

Here’s several important things to note:

  1. $13M fully guaranteed at signing. It appears only the signing bonus and the 2017 base salary are fully guaranteed upon signing. Full 2018 base salary and $5.2M of 2019 base salary will vest into more guarantees (waiting on more notes from a source on this). 
  2. Seahawks can get out of this contract after 2018. 2020 is highly unlikely, and 2019 is iffy.
  3. Seahawks save $2M against the cap in 2017 with this extension.
  4. $500K roster bonuses in all four years.
  5. The other $100K in bonuses for 2017 is for the Pro Bowl + playoffs.
  6. Roster bonuses ($500K each year) for 2018-2020 is $31.25K per game for the 46 man roster.

Gut reaction: I am very surprised that only the 2017 year/signing bonus is fully guaranteed upon signing. Curious to know the contingencies on the vesting guarantees for the later years. I’ll update this article with more details as we find out more.

Overall: I am incredibly satisfied with this deal. Seattle limited the full guarantees at signing to only $13M — and can get out of this contract after 2018 if need be. John Schneider killed it. 

About The Author

Staff Writer

For those of you familiar with the Seahawks blogosphere, I was a contributor to Fieldgulls under Danny Kelly. At Fieldgulls, I created many different types of content but my real niche was the NFL salary cap. I’ve also worked at Over the Cap in the past and collaborated with Jason Fitzgerald on many cap related projects.However, my passion for football extends well beyond the salary cap. Obviously, I’m a huge Seahawks fan – and I’ve been one since 2006. I love writing opinion pieces, researching and creating player profiles, conducting interviews with players, and rooting for this team. I openly admit it: I am biased. Growing up in the Seattle area, I’m an avid fan of all Seattle sports (cough bring back the Sonics cough).Anyways, that’s enough about me. I’m stoked to start contributing to Hawkblogger. One of my favorite aspects of writing about football is interacting with other fans. Don’t be afraid to reach out. You can find me on twitter @EvanonHB. Go Hawks.

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4 Responses

  1. huhuhu

    how quickly all that bad vibes from him holding out is completely forgotten in a years time…quite incredible really.

  2. Curt

    Thanks Evan, been waiting to see the “real” numbers. I was surprised at first but this makes a lot of sense for both sides.
    Hopefully he stays healthy and we can see bam bam do his thing.

    • Evan

      Agreed — I want nothing but the best for him and for him to end his career with another Super Bowl in Seattle. But I am very thankful to see that Seattle has easy outs after 2018