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This was just Wilson's second year, so he should have another couple of years on the rookie contract if it was the standard 4 year deal.
Sherman probably still has a year left on his deal but it's coming up a year earlier than Wilson IIRC.
Moral of the story: When your top players are a 3rd round pick and a 5th round pick, awesome job, you've probably still got another year or two before they need to get paid, so you can sign short term mercenaries in free agency to compliment the team.
Considering also that they are overpaying guys like Sidney Rice, as soon as they dump him, that gives them the room to pay that same money to someone whose contract is coming up and actually deserves to take up that cap space. It's probably better to overpay Harvin right now so that in 2 years his number can come down and someone else can get paid...
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