Last week just before free agency began Tyler Lockett agreed to a restructured contract. Now we finally have contract details for Lockett’s new deal with the Seahawks.
According to Spotrac it’s a two-year, $29.66 million deal. That amounts to a big pay cut for Lockett, which saved the team $8.34 million in salary cap space in 2024. Lockett gets $12.66 million guaranteed, all this year.
WR Tyler Lockett signed a 2 year, $29.66M restructured contract with the #Seahawks that lowered his 2024 cap hit by $8.34M.
Lockett secures $12.66M guaranteed, all in 2024, making the $17M set for 2025 a veritable option.https://t.co/d4fwzIy5C8
— Spotrac (@spotrac) March 17, 2024
A key date to watch for Lockett is exactly one year from today. On March 18, 2025 Lockett’s $5.3 million roster bonus hits the books. Painful as it is to contemplate, chances are that he will be cut for cap savings before that happens – no matter how he performs in 2024.
Speaking of next season, we should probably expect Lockett’s role to shrink a bit in Year 1 of Ryan Grubb’s offense compare to Shane Waldron’s. Jaxon Smith-Njigba should be projected to get more targets, bumping Lockett down to the WR3 spot on the depth chart.
Seahawks fans need to savor what is likely their last season watching Lockett, who will finish as the second-greatest wide receiver in franchise history behind Steve Largent.
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