The team is effectively paying Houshmandzadeh's salary with money previously earmarked for other players. These moves are not all about money. They reflect a gap between how the Seahawks' previous and current leadership valued certain players. Some of the changes might have happened even without a leadership change.
The Seahawks reduced Julius Jones' scheduled $2.45 million salary Monday. They reached agreement Tuesday with recently released safety Jordan Babineaux on a contract less expensive than his previous $2.45 million salary.
Releasing Craig Terrill to make room on the roster for Babineaux erased from the books a scheduled $1.15 million salary for Terrill (potentially offset by what Babineaux or others signed to the roster are earning). Defensive tackle Kevin Vickerson, released over the weekend, was scheduled to earn $1.759 million. Right tackle Sean Locklear has been on the trading block with a scheduled 2010 salary of $5.45 million. The Seahawks previously reduced Leroy Hill's salary from $6 million to $2.125 million, plus incentives.
Go ahead and marvel at a team for paying $7 million for Houshmandzadeh to play elsewhere, but realize, too, that the team is recouping money elsewhere.