According to Pro Football Talk, Marshawn Lynch and the Seattle Seahawks seem to have agreed in principle on a new contract extension that will pay Lynch up to $24 million in new money over the next three seasons. The delay on officially agreeing, one would think, is on the forfeiture provisions in the event Lynch were to retire after this season. Lynch will receive, according to PFT, a $7.5 million signing bonus of which $2.5M a year could be tied to wanting to play football.
The contract itself, despite the high $24 million new money pricetag, is most likey going to simply be a raise for Lynch of $5 million for this year to entice Lynch to come back to the Seahawks. He was previously under contract for $7 million and had indicated he might retire. The way the contract is structured the Seahawks would keep the same cap charge for Lynch in 2015 as if they never reworked the contract. That leads me to believe that they are just dumping some added cap charges into 2016 when he retires/is released.
Lynch’s $12 million payout this year is essentially what would be paid to a “franchise player” on a one year contract. The fact that the new money annual value works out to an even $12 million a year also indicates what the intention is here and they will deal with next season when it happens.
The big question is will this impact the running back market? Probably not. This salary moves Lynch into the class of recent contracts signed by Adrian Peterson and Chris Johnson, both of which were considered outliers in the market. Lynch is in a very unique situation in Seattle where he clearly is their most important offensive player and his style is not really “plug and play” like most of the players currently in the NFL. Peterson would be the one player who could potentially argue that this makes his $13 million salary legit for the 2015 season based on his projected significance to an offense and his past performance.
Jason is the founder of OTC and has been studying NFL contracts and the salary cap for over 15 years. Jason has co-authored two books about the NFL, Crunching Numbers and the Drafting Stage, which are widely circulated in the industry and hosts the OTC Podcast. Jason’s work has been featured in various publications including the Sporting News, Sports Illustrated, NFL Network and more. OTC is widely considered the leading authority on contract matters in the NFL.