7 moves the Seahawks can make to create salary cap space in 2024
There’s a new king at the VMAC. All hail Seahawks general manager John Schneider, the first of his name, Drafter of Gems and Keeper of the Books. In the wake of the earth-shattering news that Pete Carroll has been removed as head coach, the first order of business for Schneider is to find a new head coach. The good news is that there’s a ton of incredibly-qualified options on the market, including the most-successful coach in NFL history – as this morning we learned Bill Belichick will part ways with the Patriots today.
Once he has his new head coach Schneider has to turn his attention to the salary cap situation, which is pretty ugly going into 2024. Just to field a 53-man roster the team is going to have to shed some contracts and take on a whole lot of dead money – and that’s before they have to pay big cash for a large extension for Leonard Williams.
Here are seven moves Schneider can make to free up some room. (Salary numbers are via Over the Cap and assume post-June 1 designation).
Restructure WR Tyler Lockett
Cap savings: $7,045,000
Restructure WR DK Metcalf
Cap savings: $5,937,500
Trade DE Dre'Mont Jones
Cap savings: $11,510,000
Cut SS Jamal Adams
Cap savings: $16,500,000
Cut FS Quandre Diggs
Cap savings: $17,000,000
Extend S Julian Love
Cap savings: $3,100,000
Cut TE Will Dissly
Cap savings: $7,000,000