Percy Harvin’s contract was an albatross from the ill-advised moment the Seahawks decided to guarantee him $25.5 million in a deal that included salary cap hits north of $12 million from 2014 through 2017.
It seemed farfetched that he would last that long at those numbers; thanks to his alleged anti-team antics, the Hawks just ended up cutting ties much earlier than anyone thought they would.
Even though he will still count $7.2 million in proration in 2015, the Seahawks divested themselves of the remainder of his $11 million salary this season and his $10.5 million salary in 2015.
With the trade official, the Hawks are not paying his $647,000 salary this week, so they will recoup $7.1 million this season. Add that to their net savings of $5.7 million in 2015, and the Hawks pulled an extra $12.8 million in cap space for next offseason.
That gives the Hawks a lot of wiggle room to re-sign some of their key free agents, if they choose.
Continue reading Harvin trade gives Seahawks $12.8 million more next offseason
Hopefully the Seahawks learned their lesson once and for all about overpaying for wide receivers.
Percy Harvin is the team’s fourth big-money bust at the position in the past decade, joining underperformers Deion Branch, T.J. Houshmandzadeh and Sidney Rice. It was easy to see coming.
The Hawks paid $84 million to those four players — receiving just 116 games and 31 touchdowns in return. Talk about dropping the ball.
Continue reading Have Hawks finally learned lesson about overpaying receivers?
The Seahawks’ stunning trade of Percy Harvin says a lot about John Schneider, Pete Carroll, Darrell Bevell and the entire franchise.
They were naïve, hopeful, enabling and nearly self-defeating, but they also realized what a colossal error it was and probably made a great move — however shocking it was — in order to save their offense and season.
The ill-advised decision (we said it then, so we can say it now) to trade for Harvin and give him a $67 million contract last year was easily Schneider’s biggest gamble since he and Carroll arrived in 2010. And, unsurprisingly, the GM lost big time.
Continue reading Seahawks showed folly & wisdom in Harvin saga