It’s been just over a week since Seattle Seahawks knocked off Denver Broncos In the season-opening win on Monday Night Football that ruined the debuts of Nate Hackett and Russell Wilson in Denver. Unfortunately for the Hawks, while the Broncos’ win gave them a win many fans and observers did not expect the team to snatch, in achieving that win, the team lost their strong safety Jamal Adams of the year with a quad injury.
It is not known exactly when Adams would have surgery, but the injury he suffered was taking so long to heal that it didn’t matter in terms of returning to the field because that wouldn’t happen until 2023. This new injury, on top of the shoulder and finger problems that forced Adams to miss out on Eight games into his first two seasons with the team, some fans called the Seahawks’ front office to cut his losses and move on.
Whether the leadership group that spent first two and third on Adams and then made him the highest-paid safety in the league will pass after only taking 15 field performance shots from Adams on contract extension is an entirely different debate. What can be discussed, however, is what the repercussions of the salary cap will be after the 2022 season.
To better illustrate this discussion, the Adams contract structure has been taken from OverTheCap.com, because many fans are familiar with such a table. So, The first is his knotwith Dead Money & Cap Savings selector set to pre-June 1 release (or circulation).
So, as this table shows, there is $21.33 million in dead money that the Seahawks will recognize against the 2023 cap if they fire Adams this season. Many were quick to point out that that number drops to $7.11 million if released with a post-June 1 set, as evident when the Dead Money & Cap Savings selector is set for a post-June 1 release (or trade).
Releasing Adams with a post-June 1 allotment would reduce his 2023 dead money to $7.11 million, but that’s only because the remaining $14.22 million has been pushed into 2024. The full amount of $21.33 million in dead money must be recognized Versus the cap, so it’s simply a matter of timing, which is all the appointment after June 1st does. In summary, here’s how to identify $21.33 million in dead money if Adams is released on or before June 1, or with a post-June 1 set:
- On or before June 1, 2023 dead money worth $21.33 million
- Post June 1 set: 2023 dead money $7.11 million, 2024 dead money $14.22 million
It’s the same cover space that will be recognized either way, it’s just a matter of whether or not the front office will want to switch chairs on the deck of the Titanic as it lands.
In any case, the above discussion is not a complete assessment of the situation for two reasons. Specifically, the warranties that are included in the contract. The above tables that show the contract certainly show that there is no more guaranteed salary after the 2022 season, but that is only because there is no guaranteed salary, Until now.
Go to Contract details as reported by ProFootballTalk following the signing of the dealone of the main aspects of the contract is as follows:
5. Base salary for 2023: $11 million, $2.56 million of which is injury-guaranteed upon signature and fully guaranteed on the fifth day of the exemption period after Energy Fifty-seven.
This is very similar to Kam Chancellor’s position that the $2.56 million injury guarantee Adams provided for the 2023 season will be fully guaranteed the Friday after the Super Bowl in February. So, Adams has $2.56 million in injury guarantees that will become fully guaranteed on Friday, February 17, which means the only way $2.56 million won’t become fully guaranteed is if Adams goes through a physical payment before it’s due. Given that as of Friday he has yet to undergo surgery and the timeline for recovery from his injury is not short, whether or not Adams can pass the physical examination before February 17th is certainly a big question mark. Once that guarantee is in place, the Seahawks will only be able to free up $8.44 million of his $11 million 2023 base salary should they move.
This means that things are likely to progress in one of two paths. Either Adams will recover to the point where he is able to pass a physical and participate in the offseason program that begins next April, or the Hawks will advance, and release him with a failed physical designation. The failed physical appointment will not affect Adams’ $2.56 million guaranteed salary in 2023, however, given the Article 45 of the 2020 Collective Bargaining Agreementif he doesn’t sign with another team (for 2023 or 2024), he’ll be eligible to collect $1.025 million in extended injury protection benefits in 2024. It seems unlikely, but if he does, $590K of that $1.025 million Calculated against the Seahawks’ maximum salary.
So putting all the pieces together, and releasing Adams after the 2022 season, will likely result in all of the following:
- $21.33 million in dead money was recognized in 2023, or likely to be distributed over 2023 and 2024
- $2.56 million in fully guaranteed salary in 2023 and
- $1.025 Million (with $590K against the cap) potentially in 2024 as Expanded Section 45 Injury Protection
Thus, the additional cap costs are certainly not great for the signing bonus money to be recognized, but since they have to be recognized, it’s at least worth discussing.
However, at the end of the day, if Adams is able to bounce back and recover in the coming months, that would cost the team just $8.44 million on a salary cap expected to be in the $226 million range in 2023 to see what he can. an act. That means if he’s healthy and there aren’t any major changes to the Seahawks’ leadership, there’s a good chance he’ll be back on the field in Seattle next year. Even if some fans don’t want to hear it.