Why everything you’ve heard about the Seahawks cap situation is most likely wrong
Space vs. Flexibility
The Seahawks may not have much cap space in 2015 – but dang do they have cap flexibility. Cap flexibility is one of the less talked about concepts in regards to the NFL salary cap – mainly because its fairly revolutionary. Bryce Johnston from Over the Cap wrote a phenomenal, three part series describing this concept in detail, which can be found
here.
To put it absurdly short: the Seahawks haven’t mortgaged away their future through massive future fully guarantees with players. Essentially, what this means, is that the Seahawks can open up cap space very easily and quickly through multiple methods – if needed, without repercussions (dead money). Many teams do not have the ability to do this. Good cap flexibility allows teams to open up space quickly. Analyzing a team’s cap health solely based on their cap space isn’t indicative of the true health of a team’s cap situation. Cap space is temporary. Does that make sense?
Teams like the Dolphins, Bills, Ravens, and Chiefs have all spent insane amounts of "future money", or guaranteed money on players. These teams will likely be in for a rough financial future if any of their players get hurt or suddenly stop producing at expected levels.
The Seahawks find themselves in above average future cap liabilities even after the Russell Wilson extension. The Seahawks have the least amount of future guaranteed money given to players – less so than any other team (at time of signing).
These types of guarantee structures protect the Seahawks and separate them from other NFL teams. I highly encourage you to take a visit over to OTC and read more about this.