Several days ago, reports revealed that the Seattle Seahawks hosted their two 2014 second-round picks, Paul Richardson and Justin Britt, on free agent visits. The team apparently unhappy with the play of the addition of free agent BJ Finney at center and injuries limiting the receiving squad to such an extent that defensive back Jayson Stanley had started taking reps with the offense, the visits made sense.
NFL Network’s Mike Garafolo reported on Saturday that the Seahawks had agreed to terms to bring Richardson back, and on Sunday the team made the move official.
Also, it didn’t take long for the terms of Richarson’s Seattle deal to leak with NFL Insider Adam Caplan reporting the details.
Richardson has five seasons credited, which means his base salary for the year would be $ 910,000. Additionally, the $ 62,500 signing bonus will be paid out regardless, while the list bonus for week 1 also appears to be $ 62,500 per Caplan.
For those who would like to know what this means in terms of the cap, the “MSB” in Caplan’s tweet, and the terms of the contract, indicate that it is a contract that qualifies for the veteran’s minimum wage benefit. . The Veterans Minimum Wage Compensation is for veterans with four or more cumulative seasons who sign a one-year contract for the league’s minimum wage, with bonuses not exceeding $ 137,500, and that means the player has a cap equal to that of a player with two seasons credited plus applicable bonuses. So, for Richardson, his cap hit would be $ 875,000, assuming the Week 1 roster bonus is indeed $ 62,500.
With the maximum bonus amount eligible under the minimum wage rule being $ 137,500, in addition to the signing bonus of $ 62,500 it would be possible for the roster bonus to reach $ 75,000, and the Seahawks have traditionally maximized use the amount of the bonus on previous contracts giving right to the minimum veteran’s benefit. Whether the Week 1 bonus is $ 75,000 or $ 62,500 is something that I will continue to work to clarify in the coming days, however, in any case, $ 12,500 is not an amount that will make or break the week. season 2020 for the team.
