Report: Seahawks “Likely” To Release WR Sidney Rice

Ian Rapoport reports that the Seahawhs are “likely” to release WR Sidney Rice and could even approach TE Zach Miller regarding a pay cut in the next few weeks.

Rapoport previously suggested that this could be an option, but also mentioned that Seattle could use the extra space space to lock up CB Richard Sherman and S Earl Thomas considering that they will be entering the final year of their respective contracts.

Rice, 27, signed a five-year contract worth $41 million that included $18.5 million guaranteed with the Seahawks back in 2011. He still has two years remaining on his contract with base salaries of $8.5 million and $9 million coming his way.

As things stand right now, Rice counts $9.7 million against the Seahawks 2014 salary cap. Seattle could free up $7.3 million by releasing Rice, according to Overthecap.com.

As for Miller, he has a $1 million roster bonus on the tenth day of the 2014 league year to go along with a base salary of $4.8 million and a cap figure of $7 million next season. Releasing Miller would free up $5 million in cap space.

There are other roster moves that can be made these two look like the most obvious. We’ll have more as the news is available.

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