Update: Big bucks for Wilson ($87.6M) and Wagner ($43M)

NOTE: Some new links and an update on Wagner’s deal have been added.

It’s official.

Russell Wilson signs a four-year, $87.6 million extension with the Seahawks with $60M guaranteed.

That’s an average of $21.9M per year. Only Aaron Rodgers of the Packers has a higher average ($22M). But if you include the $1.5M Wilson is scheduled to earn this year, he’s making $89.1M over five years, or less than $20M a year.

Andrew Brandt of SI.com made a good point in this tweet:

Why deadlines work: good agents know that teams never reveal their best offer until they absolutely have to. #WilsonContract

Brandt compared Wilson’s unique negotiations to other QB negotiations in a story last month.

Bucky Brooks of NFL.com explains why Russell Wilson deserves the big bucks. One of  the reasons, besides helping the team win a Super Bowl and get to another one: He’s orchestrated 15 fourth quarter or overtime comebacks in three seasons.

This is what Warren Moon had to say about Wilson’s negotiations the day before the Seahawks signed him.

Wilson and Carroll discuss the QB’s extension after it was announced.

And Sports Illustrated’s Peter King of mmqb.com weighs in on the deal, too.

The Seahawks have done a nice job of taking care of their own. They locked up safety Earl Thomas (4 years, $40M) and cornerback Richard Sherman (4 years, $56M) to big deals. They also came up with a 2-year extension to keep running back Marshawn Lynch happy, paying him $12M for 2015 and another $12M in 2016, providing he comes back for another season.

Safety Kam Chancellor and defensive end Michael Bennett got new deals, but they’re reportedly interested in re-doing them. Chancellor is playing under a 4-year extension he signed in 2013 that pays him an average of $7M a year, but he didn’t report to training camp, which opens Friday.

Bennett, who signed a 4-year $28.5M deal prior to the 2014 season, has threatened to holdout but he is in camp.

Seattle has also locked up defensive end Cliff Averill (4 years, $28.5M) through 2019 and linebacker A.J. Wright (4 years, $27M) through 2019.

The Seahawks can now turn their attention to linebacker Bobby Wagner, who is next in line for a significant pay raise. Russell Okung’s contract also expires after the 2016 season, as does Bruce Irvin’s deal.

Considering the salary cap, can the Seahawks keep everybody happy?

For updated Seahawks’ contract information, go to http://www.spotrac.com/nfl/seattle-seahawks/.

UPDATE: The Seahawks kept Wagner happy, announcing late Saturday the inside linebacker signed a 4-year, $43 million extension. It makes Wagner the highest paid player in the NFL at his position.

Mike Sando of ESPN.com points out that many of the players the Seahawks signed are only 26 or 27, keeping the window open for  potential championships in the coming years.

ICYMI, check out Greg Bishop’s story about Pete Carroll in the latest edition of Sports Illustrated. It’s all about grit, his philosophy and moving past the disappointing Super Bowl loss.

“It’s been thrilling to learn from this. It really has,” the always upbeat Carroll said of the offseason.

 

 

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