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What a DK Metcalf extension could look like for the Seahawks

By Geoff Shull

SEATTLE, WASHINGTON - JANUARY 02: DK Metcalf #14 of the Seattle Seahawks celebrates his touchdown catch during the third quarter against the Detroit Lions at Lumen Field on January 02, 2022 in Seattle, Washington. (Photo by Abbie Parr/Getty Images)
SEATTLE, WASHINGTON - JANUARY 02: DK Metcalf #14 of the Seattle Seahawks celebrates his touchdown catch during the third quarter against the Detroit Lions at Lumen Field on January 02, 2022 in Seattle, Washington. (Photo by Abbie Parr/Getty Images) /
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(Photo by Abbie Parr/Getty Images)
(Photo by Abbie Parr/Getty Images) /

Analyzing the wide receiver market to get a bearing on DK Metcalf’s value.

One thing is clear, the contract is not going to be cheap. Whatever Metcalf gets will make Lockett’s $17.5 million per year extension look like a bargain.

The top 10 wide receiver contracts:

  • Tyreek Hill: 4 years, $120 million, or $30 million per year. Signed at the age of 28.
  • Davante Adams: 5 years, $140 million, or $28 million per year. Signed at the age of 29.
  • DeAndre Hopkins: 2 years, $54.5 million, or $27.25 million per year. Signed at the age of 28.
  • D.J. Moore: 3 years, $61.8 million, or $20.6 million per year. Signed at the age of 24.
  • Keenan Allen: 4 years, $80.1 million, or $20.025 million per year. Signed at the age of 28.
  • Amari Cooper: 5 years, $100 million, or $20 million per year. Signed at the age of 25.
  • Chris Godwin: 3 years, $60 million, or $20 million per year. Signed at the age of 25.
  • Mike Williams: 3 years, $60 million, or $20 million per year. Signed at the age of 27.
  • Michael Thomas: 5 years, $96.25 million, or $19.25 million per year. Signed at the age of 25.
  • Christian Kirk: 4 years, $72 million, or $18 million per year. Signed at the age of 25.

Start at the top of the list. The top 3 contracts (Hill, Adams, and Hopkins) all include funny money. In actuality, Hill’s contract is really 3 years at $25 million per year. Adams is 3 years at $22.5 million per year. Hopkins was newly traded and asked for an add-on contract to bring his average contract value to over $20 million. A lot of irrelevant numbers in these contracts boost the perceived APY.

Let’s remove Michael Thomas, Keenan Allen, and Amari Cooper’s contracts from the comparison as well. These three were either with older players, or the contract is outdated.

The closest contracts and the ones we should use for comparison are those of D.J. Moore (3 years, $61.8 million), Chris Godwin/ Mike Williams (3 years, $60  million), and Christian Kirk’s (4 years, $72 million).

Kirk was overpaid. However, longer contracts usually have to pay more due to the fact that the player is missing out on the increased market. If this was a 3-year deal, I think the terms would have been around $16 million per year instead of $18. It’s a gamble for the team and assurance for the player. What to take away here, if Seattle wants Metcalf on a 4 or 5 year deal, it’s going to cost more.

All four of these contracts were signed this year. Godwin, Williams, and Moore are all in the same receiver tier as Metcalf. Below is a comparison of player production thus far in their careers.

Player          Metcalf      Williams     Moore     Godwin
Games             49                72               63             72
Age                   24                27               24             26
Receptions    216             227             301          342
YPG                   64                51               68             64
Touchdowns  29                26               14             29

Looking through the comparison: Metcalf is the youngest of the group, averages the second-highest yards per game, and is tied for the most touchdowns. He also has the least wear and tear making for the highest potential in the group. These are the types of arguments that his agent will make.

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