Field Yates of ESPN reports that the Seahawks converted $6.975 million of WR Doug Baldwin‘s $7.75 million base salary into a signing bonus, which resulted in $5.2 million in cap space for the 2017 season.
According to Overthecap.com, the Seahawks had $8,373,219 of cap room as of this morning, so this move should leave them with close to $13.5 million to work with this year.
Baldwin, 28, wound up signing on with the Seahawks as an undrafted free agent out of Stanford back in 2011. He’s currently in the second year of his five-year, $47.5 million contract that included $24.25 million guaranteed and is set to make base salaries of $7.75 million and $8.25 million over the next two years.
In 2016, Baldwin caught 94 passes for 1,128 yards receiving and seven touchdowns. Pro Football Focus has him rated as the No. 7 receiver out of 115 qualifying players.