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The Seattle Seahawks made the expected yet difficult decision to release beloved wide receiver Tyler Lockett after 10 wonderful seasons with the team. On the eve of the NFL Draft, Lockett announced he’d signed with the Tennessee Titans, now quarterbacked by No. 1 overall pick Cam Ward.
Lockett’s cap hit would’ve been north of $30 million had he stayed in Seattle, but now he’s in Nashville on a much, much cheaper deal. How cheap? Well it’s not vet minimum because Lockett is still way too good for that, but it looks like a bargain for the rebuilding Titans:
Tyler Lockett contract details
Cap number: $4,000,000
Guaranteed salary: $2,860,000
Prorated signing bonus: $630,000
Per-game roster bonus: $510,000 (or $30,000 per game)
(Via OverTheCap.com)
Lockett also has an extra $2 million he can earn by hitting undisclosed incentives, bringing his maximum contract value to $6 million.
Subtracting the incentives, Lockett’s $4 million is pretty straight forward. The guaranteed salary plus signing bonus total $3,490,000 in guaranteed money. Only the per-game roster bonus is non-guaranteed.
A return on a reduced deal seemingly wasn’t in the cards for the Seahawks and Lockett, and now Seattle will turn over a new leaf at receiver with Jaxon Smith-Njigba as the top target, veteran Cooper Kupp joining as a free agent, and rookies Tory Horton and Ricky White III added to the roster as Day 3 draft picks.
The Seahawks will see Lockett again soon when Seattle plays the Titans in the regular season.
