The Facts: The Seahawks and Wilson inch toward the deadline to do a contract extension, and the two sides have plenty of ground to make up. It's not clear at this point if they'll be able to do it. Earlier on Saturday, a report from Profootballtalk.com pegged an offer by the Seahawks at $21 million per year. While that number is essentially accurate, going inside the numbers compared to other quarterback deals tell more of the story.
Diehards Line:
For instance, the Panthers gave Cam Newton $30 million cash up front in his new extension. By contrast, sources familiar with the situation tell NFL Network's Ian Rapoport that Wilson would make (under the latest offer) below $20 million cash up front. Those in Seattle tell Rapoport there are significant guarantees, but most of the guarantees are simply for injury only. Negotiations are ongoing, Wilson hasn't turned anything down outright, and nothing has been taken off the table. But at this point, it's an issue of cash up front and guarantees, in addition to the debate over a yearly salary. As PFT's Florio explained, it’s believed that Wilson, whose agent has in recent years has exclusively represented baseball players, wants a significant portion of the contract to be fully guaranteed. Because the NFL requires all future fully-guaranteed payments to be funded at the initiation of the deal by putting the money into escrow, the Seahawks are expected to push back. Not because owner Paul Allen can’t afford to set the money aside. He definitely can. But the thinking is that he doesn’t want to, either because he disagrees with the funding concept or because the league wants teams to resist making greater percentages of player contracts fully guaranteed.