Seahawks are releasing WR Sidney Rice, per league source. Rice signed a five-year, $41 million contract in July 2011.
— Adam Schefter (@AdamSchefter) February 21, 2014
This move frees up $7.3m in cap room. It won’t be the only piece of cost-cutting by Seattle.
Rice was an important capture in 2011, a key note signing after the lockout. The Seahawks were determined to make a splash, to get the rebuild moving. Adding Rice, Robert Gallery and Zach Miller was a big deal and undoubtedly helped create some momentum for the franchise.
Yet as they move forward after winning their first championship, there’s at least some chance none of that trio will be part of the future.
Miller is another potential cap casualty, although unlike Rice he’s stayed relatively healthy and had a big impact as a blocker.
But with a salary worth $7m — a year after earning $11m — it might be too much. Cutting him saves another $5m.
Nothing has been made official by the Seahawks on Rice, but this news along with the combine really kicks off an intriguing off-season.