Seattle’s Earl Thomas is regarded by many (most?) as the best safety in the NFL right now. The Seahawks are now paying him like it, giving him an extension worth a reported $10 million average with more than $27 million guaranteed on his four extra years. This will impact the Cardinals, and in more than just Thomas-will-stick-around-the-NFC-West-and-be-a-pain type of way.
Shorter-term, the Seahawks have now cleared the way to also sign cornerback Richard Sherman to an extension. Given his position, he stands to make more than Thomas (although it’s arguable who is more valuable) and now both Sherman and the Seahawks know from where to start. Sherman has said this contract is about respect, although I am guessing he and Seattle will not have a hard time coming up with a deal that averages $11-to-$12M. And that’s where the Cardinals come in, because it will be the Sherman contract to which Patrick Peterson — who no doubt is awaiting his own extension — and the Cardinals will look when they start to negotiate. On one hand, Peterson was hurt being a first-round pick, because the Cardinals were able to exercise a player option for 2015 and delay talks if needed. Sherman, a fifth-round pick in 2011 long after Peterson was taken, had no such team option and the Seahawks are forced to deal with him right now. That said, Peterson’s 2015 option is worth more than $10 million, and after Sherman signs, his price should become more clear.
Peterson’s situation isn’t the only way this will resonate in Arizona, however. It’s also the first step in an evolving Seattle financial picture. Eventually, the team built in part because they had such key parts playing on cheap rookie deals (Thomas, Sherman, Russell Wilson, for example) will have to start paying those parts. Which means less money elsewhere. That isn’t to say the Seahawks can’t maneuver their way through it while winning big, but it again underscores the balancing act of sustaining a winner in the salary-capped NFL, and why rosters don’t and can’t stay the same long-term.
– For those asking, click here for some details on the upcoming draft party a week from Thursday, being held inside University of Phoenix Stadium.
Tags: draft party, Earl Thomas, Patrick Peterson, Richard Sherman, salary cap, Seahawks
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