Salary cap space
As of March 17, 2021, the Seahawks are projected to have $17,897,986 in cap space for 2021.
The Seahawks rolled over $956,000 in 2020 cap space.
March 10 update: The salary cap has been set at $182.5 million.
The Seattle Seahawks captured their first NFC West division title in five years, finishing with a 12-4 record. It was just the fifth time that the Seahawks reached 12 wins in a regular season. The postseason wasn’t nearly as historic as the Russell Wilson-led squad lost 30-20 against their division rivals, the Los Angeles Rams, in the Wild Card Round.
In terms of salary cap space, Seattle is set up to be in a decent position. While they won’t have a large amount of wiggle room to re-sign and add players at will, they are not scrambling to find ways to keep most of their key guys.
The NFL powered though its 2020 season amidst the COVID-19 pandemic. The league played without fans in most stadiums, and limited fans in a handful of locations. The decrease in gate revenue is going to result in a decrease in money shared between the 32 teams. This in turn means the salary cap is expected to decrease. The NFL and NFLPA agreed to a salary cap of no lower than $175 million. The latest report has the number landing between $180 and $181 million, which is a good bit lower than the $198.2 million of this past season. This will result in some tough choices for many teams.
All salary cap information below comes courtesy of the NFLPA Public Salary Cap Report.
As of now, there doesn’t seem to be any concern with the most important offensive weapons in Seattle. Russell Wilson, DK Metcalf, and Tyler Lockett all recently signed contract extensions, which should keep them on board for the 2021-22 season. One piece of the puzzle set to become a free agent is Chris Carson. While the Seahawks rusher was an integral part of the team’s success this season, we’ve seen second contracts for RBs completely backfire on a team. If Carson is looking for a deal worth upwards of $10 million per year, the front office might choose to part ways.
On the other side of the ball, the biggest question pertains to defensive end Carlos Dunlap. The Pro Bowler has been effective in Seattle, but cutting him would create $14 million in cap space. That sort of money goes a long way, especially with linebacker KJ Wright and cornerback Quinton Dunbar slated for free agency. And as we mentioned earlier, teams will be extra vigilant with the COVID implications of the salary cap.