The former second-round pick got a three-year extension worth $72M, including $58.2M guaranteed. The deal also includes a $30M signing bonus, the largest ever for a wide receiver (per Schefter). Metcalf’s agent, Tory Dandy, finalized the deal with Seahawks GM John Schneider and exec Matt Thomas this afternoon. Interestingly, Dandy is also the agent for 49ers wideout Deebo Samuel, another star receiver from the 2019 draft who’s awaiting an extension.
Metcalf had one year remaining on his rookie contract at just under $4M. He’ll now be signed through the 2025 campaign, allowing him to get another stab at free agency before his age-28 season. As ESPN’s Brady Henderson points out on Twitter, the Seahawks prefer longer deals when it comes to first-time extensions for players. Ultimately, Metcalf’s camp got their way, leading to a shorter extension that could have been partly inspired by fellow ’19 draft mate Terry McLaurin.
The 24-year-old Metcalf now leads the WR position in guaranteed money, topping the $56.4M that A.J. Brown got from the Eagles. The total value of the contract ranks 10th at wide receiver (alongside Kenny Golladay and Christian Kirk), and the $24M average annual value on the three-year extension would rank sixth at the position (tied with Stefon Diggs).
Metcalf sat out mandatory minicamp in pursuit of a new contract. This move surprised some in the organization, and it may have been a bigger shock when the receiver reported to training camp this week but staged a “hold in” while refusing to participate in drills. There seemed to be some optimism that a deal would eventually be signed, although it wasn’t expected to materialize this quickly. Now, the Seahawks will have their top offensive weapon back on the practice field as they prepare for a transitional season on offense.
It didn’t take long for Metcalf to make a name for himself in Seattle. After finishing with 900 receiving yards as a rookie, the wideout earned a Pro Bowl nod and second-team All-Pro recognition in 2020 after finishing with 83 receptions for 1,303 yards and 10 touchdowns. While he hauled in a career-high 12 touchdowns during the 2021 campaign, he saw a dip in his other key numbers (75 receptions, 967 yards). Still, Metcalf was listed 14th among 115 eligible receivers on Pro Football Focus’ ranking of the position.
With a pair of mainstays (Russell Wilson, Chris Carson) now out in Seattle, Metcalf will be relied on as the leader of a shaky offense. Fortunately, the receiver has had success with Geno Smith under center, at least in the red zone. In Smith’s three starts last season, Metcalf had 14 receptions for 197 yards and three touchdowns.