It’s a veteran salary benefit deal for Edwards, meaning the cap impact for the Seahawks is minimal.
, Mario Edwards did sign with the Seahawks for the 2023 season on a veteran salary benefit contract that will carry a cap hit of $1,092,500.So, as noted in the tweet, Edwards will have a base salary of $1,165,000 on top of the $152,500 signing bonus he received.
Under the veteran salary benefit, the team receives a cap credit in the amount of the difference between the base salary of the player signed to the qualifying contract and the minimum salary for a player with two credited seasons. For the 2023 season a player with two credited seasons has a minimum salary of $940,000, which is why the cap hit is lower than the combined amount of the base salary and signing bonus.
For those curious, with the 51st highest cap hit on the roster currently sitting at $870,000, Edwards’ $1,092,500 cap hit means the team used just $222,500 of cap space to add him to the roster.
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