What the KJ Wright contract could look like
It’s completely plausible that Seattle is outbid for KJ Wright’s services. However, I have sufficient reason to believe that the Seahawks are at least keeping in touch with Wright. Constantly checking in trying to see how to get this deal done.
Wright entered the off-season likely wanting something around Demario Davis’s 3 years, $27 million contract. Unfortunately, that deal is long gone along with the first wave of free agency.
With where we are currently, Wright will likely have to accept either a very low one-year deal and hit the market again next year, or accept a multi-year deal below his market value. A one-year deal and hitting the market likely sounds less than desirable for a 33-year old defender.
Wright had made it abundantly clear before free agency began that he was looking for a multi-year deal. It’s unclear if that is still the desire. However, I think Seattle can offer him something competitive enough to get the deal done.
Terms: 3 years, $18 million
Incentives: up to $2 million in incentives to push the max value of the contract to $20 million.
Signing bonus: $6 million
Guaranteed money: $8 million
***The team will likely add a void year on the back of this. What that does: it makes the contract a 4 year deal for salary cap purposes. The player will become a free agent after 3. This added void year will allow the team to push some of the signing bonus off to year 4. This lessens the cap hits for years 1-3 while leaving a small dead cap in year 4.
Cap hits by year:
- 2021: $3.5 million
- 2022: $5 million
- 2023: $8 million
- 2024: $1.5 million (Void year)
All in all, Seattle can afford it. It’s truly unfortunate for Wright how the market fell. He has been one of the most underrated players of his generation. All of his contracts have been team-friendly. Due to the salary cap crunch, this contract will likely be very team-friendly as well.
Good news, if Seattle wants to get it done. This should be enough to do just that.