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Russell Wilson, Seahawks Agree on New Contract: Latest Details and Reaction

Joseph Zucker@@JosephZuckerFeatured ColumnistJuly 31, 2015

Ted S. Warren/AP Images

He already has one Super Bowl ring to his name, and now he's reportedly receiving a massive contract extension. What more could Russell Wilson ask for?

To the shock of few, the Seattle Seahawks locked up their star quarterback for the long term Friday, signing him to a four-year, $87.6 million extension, per Peter King of The MMQB. King also reported that Wilson's deal includes a $31 million signing bonus and about $60 million of guaranteed money.

Ian Rapoport of NFL.com confirmed King's report.

The Seahawks showed Wilson signing his new deal:

Pro Football Talk added that it's a four-year extension that puts him under contract in Seattle for five years at a total of $89.1 million.

Rapoport broke down the annual salaries of the new contract:

Seattle Seahawks @Seahawks

#Seahawks sign @DangeRussWilson to four-year contract extension: [http://t.co/Y09YEu1dBb] #GoHawks http://t.co/WaSeh6jXVx

Wilson took to Twitter to announce the news himself and express his excitement at getting a deal done:

Ian Rapoport @RapSheet

Terms for Russell Wilson’s extension: $31M to sign. Base salaries: $700K in ’15, $12.34M in ’16, $12.6M in ’17, $15.5M in ’18, $17M in ’19.

Wilson also expressed his gratitude on Facebook:

Russell Wilson @DangeRussWilson

Blessed to be w/ this organization for 4 more years! Can't wait to get on field w/ the fellas! @Seahawks #ChampionshipMindset #GoHawks

Few quarterbacks have been as successful as Wilson this early in their careers. In his first three years, he has gone 36-12 in the regular season and helped take the Seahawks to back-to-back Super Bowls. No other quarterback has started two Super Bowls in his first three years, per ESPN Stats & Info:

ESPN Stats & Info also provided a side-by-side comparison between Wilson and New England Patriots quarterback Tom Brady:

ESPN Stats & Info @ESPNStatsInfo

Russell Wilson will become the first QB in NFL history to start two Super Bowls within his first 3 seasons

Whether Seattle would commit to Wilson wasn't ever a question. Maybe the Seahawks would have to slap the franchise tag on him, but a deal was always going to get worked out sooner or later.

The only unknown was how much it would cost.

San Francisco 49ers quarterback Colin Kaepernick's six-year, $126 million extension set the market for young quarterbacks looking to get paid. Although the total amount of the deal is somewhat misleading given the structure of NFL contracts, Kaepernick did get $61 million guaranteed, which set a record.

ESPN Stats & Info @ESPNStatsInfo

Tom Brady and Russell Wilson's 1st 3 seasons as a starter look very similar http://t.co/Vc0mQ2szNr

If the 49ers QB could get that much, many wondered how much Wilson would command given his postseason pedigree.

Cam Newton's nearly $104 million extension also set the bar for Wilson's asking price. ESPN.com's Terry Blount made the numerical case as to why Wilson would be in line to receive a heftier payday.

Few were going to blink an eye at whatever Seattle would wind up paying Wilson.

While everybody acknowledged the Seahawks had to re-sign Wilson, the deal could wind up severely hamstringing the franchise financially.

Seattle only has so much money to go around. With Wilson now eating up more of the cap, the Seahawks might have no other choice but to make tough roster decisions about players who played pivotal roles during the run to the Super Bowl.

In a February interview with KIRO-FM in Seattle (via NFL.com's Chris Wesseling), Seahawks general manager John Schneider hinted that Wilson and the team would reach a mutually beneficial conclusion:

I think Russell Wilson wants to win championships. We talk about being a consistent championship-caliber football team, and that means thinking outside the box a lot of times. We will do that with Russell. Russell knows there are certain dominoes that have to fall in line or fall in place. He knows it. He gets it. He wants to win. He wants to win for a long time.

This deal should ensure that Wilson remains a Seahawk for the next half-decade and that the team can keep enough younger pieces to continue being an NFC title contender for years to come.

With regard to Wilson, he typifies the "game manager" mold of quarterbacks, which some see as a negative label. However, the QB is like any other position player: Everybody has a certain skill set that allows him to fulfill a specific role in the offense.

Following the addition of Jimmy Graham, Wilson might be able to shed whatever negative perceptions still remain about his arm as well.

Of course, most teams would love to have a quarterback who has completed 63.4 percent of his regular-season passes with 72 touchdowns to 26 interceptions.

The two-time Pro Bowler is one of the best quarterbacks in the league, and it's no surprise he is now being paid like it.

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