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Mile High Mania
03-05-2006, 11:02 PM
http://sports.espn.go.com/nfl/news/story?id=2355855

Mile High Mania
03-05-2006, 11:03 PM
Here's the text...


Ensuring that the NFL's reigning Most Valuable Player would not make it onto the free agent market, the Seattle Seahawks late Sunday night reached agreement with star running back Shaun Alexander on an eight-year contract extension.

Shaun Alexander
Running Back
Seattle Seahawks

Profile
2005 SEASON STATISTICS
Rush Yds TD Rec Yds TD
370 1880 27 15 78 1


The deal, which clearly makes Alexander one of the highest-paid running backs in league history, is worth $62 million and includes about $15.1 million in guarantees. It is believed that Alexander's deal is topped only by the contract of San Diego's LaDainian Tomlinson among current league backs.

Without the extension, Alexander would have been eligible for free agency, the start of which was delayed until Thursday at 12:01 a.m. ET. Alexander signed the one-year qualifying offer as a franchise player last season and his deal included a stipulation that the Seahawks could not use the restrictive tag again to retain him, fueling the urgency to reach an agreement.

Because of his position -- running backs have the shortest career span among any position -- Alexander might have experienced a somewhat blunted market. But it's still believed he would have had many suitors in the open market. Seattle offered Alexander around the league in trade talks last summer but found no takers.

The decision to keep Alexander last year paid off handsomely, as he rushed for 1,880 yards and a single-season record 27 scores on 370 carries. He also posted 15 catches for 78 yards and one touchdown. For his efforts, Alexander was a runaway winner in the MVP balloting.

A year ago, the relationship between Alexander and the Seahawks was such that most observers felt the 2005 season would be the last with the team. But that relationship improved dramatically in 2005 and keeping Alexander demonstrates again the leadership provided the team by Tim Ruskell, Seattle's president of football operations. Having inherited a difficult situation in 2005, Ruskell has been able to retain key players such as Alexander, left offensive tackle Walter Jones and quarterback Matt Hasselbeck.

The result was a berth in Super Bowl XL, which the Seahawks lost to the Steelers 21-10.

A former Alabama star, Alexander was the Seahawks' first-round choice in the 2000 draft. He became a starter in his second season and has rushed for 1,000 yards, including three straight seasons of more than 1,400 yards, ever since.

For his career, Alexander, 28, has rushed for 7,817 yards and 89 touchdowns on 1,717 carries. He has 188 receptions for 1,387 yards and 11 touchdowns. Alexander has played in 96 games and started 76 of them.

Senior writer Len Pasquarelli covers the NFL for ESPN.com.

the Talking Can
03-05-2006, 11:05 PM
now imagine what LJ's going to want in a year....ouch

Mile High Mania
03-05-2006, 11:06 PM
now imagine what LJ's going to want in a year....ouch

Heh - good luck with all that!

Mile High Mania
03-05-2006, 11:07 PM
Oh yeah, the Packers also did a new 1 year deal for Ahman Green...

Halfcan
03-05-2006, 11:11 PM
He got a record deal-didn't know he could sing.

Halfcan
03-05-2006, 11:14 PM
now imagine what LJ's going to want in a year....ouch


LJ is no Alexander-yet

When LJ breaks a few records-then give him a raise, but make him earn it.

chefsos
03-05-2006, 11:15 PM
Someone, maybe it was Glazer, emphasised that this deal is NOT contingent on a new CBA. Wow. Damn the torpedoes. They're paying the man.

listopencil
03-05-2006, 11:16 PM
"The deal, which clearly makes Alexander one of the highest-paid running backs in league history, is worth $62 million and includes about $15.1 million in guarantees. It is believed that Alexander's deal is topped only by the contract of San Diego's LaDainian Tomlinson among current league backs."


Awww, Portis got screwed.

Joe Seahawk
03-05-2006, 11:31 PM
"Napolean Dynamite voice" Yesssss! Sweet!

:thumb:

Short Leash Hootie
03-05-2006, 11:42 PM
LJ is no Alexander-yet

When LJ breaks a few records-then give him a raise, but make him earn it.
as if 1750 rushing yards and 20 TD's, with 9 straight 100 yard games wasn't earning it...(and only 9 starts)

VonneMarie
03-05-2006, 11:45 PM
How is it a record deal exactly? He's not the top paid back, it's not the highest signing bonus. Where's the record? :spock:

Coach
03-05-2006, 11:47 PM
How is it a record deal exactly? He's not the top paid back, it's not the highest signing bonus. Where's the record? :spock:

Thought you were going to bed? ;)

ROFL :p

VonneMarie
03-05-2006, 11:48 PM
Thought you were going to bed? ;)

ROFL :p
I was but, I can't...


stay...









away. :)

Coach
03-05-2006, 11:49 PM
I was but, I can't...


stay...









away. :)

Heh, yeah, the Planet is addicting, that's for sure.

alanm
03-05-2006, 11:51 PM
now imagine what LJ's going to want in a year....ouch
He's already under contract for the next few. Now if Carl decides to reward him for a good season, that would be a good first step in keeping him.

Halfcan
03-06-2006, 12:03 AM
He's already under contract for the next few. Now if Carl decides to reward him for a good season, that would be a good first step in keeping him.

Excellent point-probably not this year-due to cap troubles-next year we might see LJ getting a PHAT deal though.

Joe Seahawk
03-06-2006, 01:37 AM
If this is true, it seems like a pretty good deal for all involved..


Breaking down Alexander's contract | Subscribe

Hawks RB Shaun Alexander hasn't signed anything yet, so it's pretty tough to verify numbers. So far we have heard about an eight-year, $62 million deal with about $15 million in the first year. Here is how I expect things to break down: about $11 million in signing bonus and the other $4 million (or so) in first-year money divided across base salary and roster bonus. If my unofficial calculations are correct, the first-year cap hit shouldn't stray too far from the cap hit produced by the one-year, $6.323 million deal Alexander played under last season.

Alexander will probably receive somewhere around $22-23 million over the first three years of this deal. That's a bit behind the $25 million in the first three years of LaDainian Tomlinson's deal, which set the standard for NFL running backs.

As for the Seahawks, they gave more money (both in bonuses and three-year payouts) to QB Matt Hasselbeck and LT Walter Jones. That was to be expected given that Seattle made re-signing Hasselbeck and Jones its top priority a year ago, when Alexander was also scheduled to become a free agent.

The Alexander deal is a good one all the way around in that Seattle retains its MVP back at a reasonable cost while Alexander avoids testing a potentially nightmarish market for free agents (in light of the labor unrest that has left teams with less salary-cap money than expected). Given the lack of an extended labor agreement, teams can prorate signing bonuses over only four years. That is the case with Alexander's deal, and my understanding is that those guidelines are locked in (for his deal) and will not change pending a new labor agreement. Seattle has enough cap room to swallow the extra cap hit in the early years of the deal.

Alexander should also remain productive long enough to make this deal worthwhile. If the Seahawks get three or four strong years out of him, they can live with this deal no problem. Under different circumstances, I think Alexander probably would have been better served to test the market. But not this time. Not this year.

The $11 million bonus sounds low compared to what Hasselbeck and Jones received, and compared to that big fat $62 million total value. But consider this too: Alexander received that $6.323 million last year. So if he gets $15 million and change in 2006, that's close to $21.5 million in a TWO-year period. Not bad at all.
Posted by mikesando Mar 5, 2006 10:11 pm
http://blogs.thenewstribune.com/seahawks/