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Report: Seahawks, Wilson “very close” to a new deal

Russell Wilson

Russell Wilson

AP

The Seahawks have increased Marshawn Lynch’s compensation to $12 million in 2015. They’ve also traded for Jimmy Graham, who’ll get $27 million over three years despite never playing a down for the team. Meanwhile, quarterback Russell Wilson continues to operate under a slotted third-round rookie deal that in comparison pays him peanuts.

That soon could change.

Terry Blount of ESPN.com, while appearing on 710 ESPN in Seattle, said that a deal between the Seahawks and Wilson could be coming.

“From what I’ve been told they’re very close, they’re just trying to make sure every single thing is in place before they go forward with this,” Blount said. “I think it’s going to be bigger and crazier and different from what any contract has ever been.”

There has been plenty of speculation that the Seahawks are considering a fully-guaranteed contract for Wilson that would keep the cap burden lower while also ensuring he’ll get every penny. This would require owner Paul Allen to fully fund the future guarantees at signing, but that’s something he easily can afford to do.

The Seahawks would have to be willing to assume the risk of career-ending injury. And they’d have to assume the risk of ineffectiveness. Most importantly, the team would be assuming the risk of non-career-ending injury leading to ineffectiveness.

Case in point: Robert Griffin III. His torn ACL didn’t end his career, but it changed his career to the point where Washington may not pick up the fifth-year option on his rookie contract in May. A similar injury to Wilson wouldn’t end his career but it could significantly diminish his skills. Then what would the Seahawks and their “always compete” approach do with a guy into whom so much money has been invested?

However they do it, the time has come to reward Russell Wilson. The challenge will be determining the right amount and the right structure -- especially since some would say the jury is still out on his overall passing skills.

UPDATE 11:35 p.m. ET: In response to the report from Blount, a source with knowledge of the situation tells PFT that talks have not yet commenced.