Seahawks Maintain Present/Future Cap Flexibility Amid Receiver Spending Spree

Kicking off a busy Monday in late March with a bang, the Seattle Seahawks worked swiftly to reward Offensive Player of the Year Jaxon Smith-Njigba with a record-setting extension, making the superstar receiver the highest-paid player at his position in NFL history with a four-year, $168.6 million contract.

Only a few hours later, weeks after locking up speedy wideout/return specialist Rashid Shaheed a three-year, $51 million contract on the first day of free agency, general manager John Schneider dipped even more financial assets into the receiver group, as the Seahawks opted to match the Jaguars’ two-year offer sheet for special teams ace Jake Bobo. Between those three contracts, the franchise has shelled out north of $220 million at the position this month, including over $120 million in guarantees for Smith-Njigba’s market-setting extension.

Adding those three deals with veteran Cooper Kupp’s remaining two years with base salaries of $12.9 and $12.4 million, per Spotrac, Seattle has a league-high $83 million in combined average annual value (AAV) at the receiver spot in 2026 and nearly equaling that total at $78 million in 2027. In both seasons, they sit at least $6 million ahead of the next team behind them, illustrating tremendous investment in the position compared to the rest of the NFL.