The Seahawks aren’t going to wait for Marshawn Lynch to make himself officially retired.
General manager John Schneider said on Seattle’s KJR-AM radio station Tuesday the team intends to place the star running back on the reserve/retired list prior to June 1. That will mean his $5 million charge against the Seahawks’ salary cap will all count in 2016. If Seattle put him on the list after June 1, it could have divided the cap charge equally between this year and next.
Schneider told KJR’s Mitch Levy the team can place Lynch on the reserve/retired list whether or not he submits his retirement papers to the NFL by June 1.
Schneider said on Saturday after the draft ended Lynch had still yet to submit that paperwork — though coach Pete Carroll emphasized Lynch was “committed to being retired.”
Schneider likened the decision on accounting for the final two years on Lynch’s contract and its signing bonus to paying off a credit card balance as soon as possible.
“You want to pay off your credit card as you go,” the GM told KJR. “So like with us, if we place him on reserve/retired then we accept that cap hit this year. And we would rather do that than do it after June 1.”
Asked to clarify the team didn’t want to be charged $2.5 million for Lynch against this year’s and 2017’s cap, Schneider said: “Exactly.”