In an exciting development, the Seattle Seahawks have inked a contract with wide receiver Laviska Shenault for the upcoming season. The deal spans one year and boasts a value of up to $1,292,500, inclusive of a $167,500 signing bonus and a base salary of $1,125,000.
What sets this contract apart? It qualifies for the coveted veteran salary benefit, translating to a salary cap hit of $1,125,000, with the signing bonus exempt from the cap calculation. Here’s a breakdown of how this benefit operates:
- The contract duration must be one year.
- The player must have accrued four vested years in the NFL.
- The base salary is pegged at the league minimum.
- Additional compensation, such as signing bonuses and workout bonuses, is capped at $167,500.
This arrangement benefits both Shenault and the Seahawks immensely. Shenault receives additional compensation, while the Seahawks avoid sacrificing extra salary cap space. Moreover, given the recent kickoff rule changes, Shenault could prove to be a valuable asset on the field, offering depth to the wide receiver lineup.
With Shenault now in the mix under this advantageous contract structure, Seahawks fans have reason to anticipate an electrifying season ahead.
