The Seattle Seahawks announce the release of veteran WR Sidney Rice and DL Red Bryant on Friday.
- The Seahawks will save $12.8 million in cap space with these two moves, according to Albert Breer.
Rice, 27, signed a five-year contract worth $41 million that included $18.5 million guaranteed with the Seahawks back in 2011. He had two years remaining on his contract with base salaries of $8.5 million and $9 million.
Rice would have counted $9.7 million against the Seahawks 2014 salary cap, but this move should free up $7.3 million in cap space for Seattle.
Bryant, 29, was entering the third year of a five-year, $35 million contract he signed with the Seahawks back in 2012. He had a roster bonus of $3 million due on March 14 and would have counted $8.5 million against the team’s 2014 cap.
Releasing Bryant will save them $5.5 million, according to OverTheCap.com.
The Seahawks have a number of free agents and extension candidates to address including WR Golden Tate, DE Michael Bennett, CB Richard Sherman and S Earl Thomas so this extra cap space will go a long way towards retaining some of them in the long-run.
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