Ryan's Place

Sunday, March 05, 2006

Alexander Re-Signs!

From Jay Glazer at FoxSports.com:

FOXSports.com has learned that the Seattle Seahawks have agreed to terms with Pro-Bowl running back Shaun Alexander on a whopping eight-year, $62 million deal that includes a total of more than $15 million in the first year in bonuses (signing and roster) and salary.

The Alexander deal is not contingent upon a new CBA getting done as the Seahawks have the necessary cap space to make such a move. However, the contract still has to get approved by the NFL front office and Alexander needs to sign the contract.

The league's MVP was wise to take such a deal as the running back market in free agency will likely be much lower than several big-named veterans may think. In addition, Alexander didn't want to leave the Seahawks.

Alexander broke the NFL's single-season touchdown mark this past season, helping push the Seahawks to the NFC title. Now Seattle must turn their attention to Pro-Bowl guard Steve Hutchinson.

It's unclear how the deal is structured with regards to how much cap space this deal takes up in the first year of the new contract. Seattle had a decent amount of salary cap room heading into this free agent period.


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