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Danny O'Neil covers the Seahawks for The Seattle Times.

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Programming schedule: Monday - Surprise Index | Tuesday - Chat at 12 p.m. | Wednesday - News & notes | Thursday - Chat at 12 p.m. |Friday - Mailbag and injury report

October 29, 2009 at 11:03 AM

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Walter Jones' salary-cap specifics

Posted by Danny O'Neil

On KJR 950 AM's "Seahawks Roundtable" this morning, the topic of Walter Jones' future was brought up, and the financial repercussions were discussed. I looked a little closer at those after the show concluded. Jones signed a seven-year contract after the 2004 season.

For those who get sleepy when numbers get crunched, my apologies, but we're going to break out everything short of an abacus here. OK. That's a lie. No abacus and not even a calculator is necessary.

He is technically under contract for three more years, but that last year -- 2012 -- is voidable by Jones.

According to the database of the NFL Players Association, he is scheduled to earn $7.3 million in 2010 and $7.3 million in 2011. There is an eighth -- and voidable -- year that was written into Jones contract in 2006, extending the deal by one year as part of the Seahawks' appeal to match Steve Hutchinson's offer sheet from Minnesota. That sheet called for Hutchinson to be the team's highest-paid lineman "at the time of execution." Jones added one year to his deal and converted a 2006 roster bonus of $2 million into a signing bonus. Seattle lost its appeal, but Jones' renegotiated contract stood.

The other part of salary-cap mathematics is the pro-ration of a contract, which is very minimal in Jones' case. The $16 million signing bonus he received in 2005 is not pro-rated beyond this year because under the collective-bargaining agreement, those bonuses can not be pro-rated past five years.

There is the remaining pro-ration of the roster bonus converted into a signing bonus in 2006, which counts for $400,000 against next year's cap.

So what does that mean going forward? Well, it means the mechanics of a decision on Jones are very straightforward and it will allow Seattle to be very patient in terms of his recovery. There will only be $400,000 of so-called dead money should Jones not be on the team. If he recovers, $7.3 million for a starting left tackle is a steal. If he doesn't, that salary could simply come off the books. The only way Seattle would be rushed into a decision is if it is extremely cap-strapped with no wiggle room to make offseason additions it wanted. Only then would it have to confront the task of either getting a renegotiated deal.

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Danny, They wont be "cap-strapped" this off-season no matter what happens, as 2010 will be an uncapped year.  Posted on October 29, 2009 at 11:39 AM by -k. Jump to comment
Who will be some of the quality free agent O-linemen that the Hawks might take a look at should they cut Walter?  Posted on October 29, 2009 at 4:24 PM by ripstardust. Jump to comment
Why didn't we look at Levi Jones, can anybody give an honest answer to that question, just doesn't make sense to me.  Posted on October 30, 2009 at 10:28 AM by mtp1. Jump to comment

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