On Wednesday night we brought you the story, first reported by the man himself, that Sidney Rice was signing with the Seahawks. At the time the details of the contract were not available. Now we can bring you the fine print.
According to Tom Pelissero of USA Today, the new deal tops out at around $1.4 million:
It's a sensible deal for Rice and the #Seahawks, who are protected if things go south. High upside. If he's healthy $1.4M could be a steal.
— Tom Pelissero (@TomPelissero) April 21, 2014
The NFL Network’s reporter Albert Breer shared more details:
Sidney Rice's 1-year deal has a $150K signing bonus, $1M base, and $250K in per-game roster bonuses. Also, has $500K in split salary.
— Albert Breer (@AlbertBreer) April 21, 2014
The veteran minimum for a seven-year NFL player is around $800,000 in base salary, so Rice isn’t getting the complete lowest that he could have. While it’s nowhere near the $7.5 million Rice would have gotten under his old deal, that was never a feasible option for the team if they wanted to bring back guys like Michael Bennett and the secondary. It’s good of the Seahawks to allow Rice the chance to earn more than the absolute minimum. PC/JS were always hoping to bring Rice back under a more amenable deal, and they didn’t even clean out his locker at VMAC:
Walked into VMAC to see my locker untouched.. Oh what a feelin! #homesweethome
— Sidney Rice (@sidneyrice) April 17, 2014
Update: Rice was apparently offered more money by the New York Jets but he turned it down to stay in Seattle.
Seahawks WR Sidney Rice says on @710ESPNSeattle he got offered more money by Jets but wanted to stay in Seattle.
— Bob Condotta (@bcondotta) April 21, 2014
Seattle still has around $15 million left in cap room for 2014.