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Peterson, pay cuts and a closing question

3/16/2009

Posted by ESPN.com's Mike Sando

Did the Seahawks ask Julian Peterson to take a pay cut before releasing him? Does it matter at this point? Apparently it matters enough for the Seahawks to say their discussions with Peterson never reached such a point, according to Clare Farnsworth of the Seattle Post-Intelligencer.

The bottom line is the same. Peterson is no longer a member of the organization, and the decision to trade him produced substantial savings under the salary cap (reducing the amount Peterson's contract counts against the cap from $8.8 million to $4.6 million).

While the Seahawks weren't happy about having $20.7 million in salary-cap space allotted for their linebackers, they still have $16.5 million allotted for Lofa Tatupu, Leroy Hill and Peterson -- albeit without Peterson on the roster. That figure will grow if the Seahawks sign or draft a replacement for the five-time Pro Bowl linebacker.

Defensive lineman Cory Redding reworked his contract as part of the trade. Peterson presumably remains on course to receive his $6.5 million salary. Consider it a cost of doing business for a Lions team coming off the first 0-16 season in NFL history.

More importantly: Which side got the better of this deal? We've discussed it in some detail. Mike Brudenell of the Detroit Free Press mocks the Seahawks for wanting Redding. I'll be in touch with Jeremy Green of Scouts Inc. for his thoughts. Back with some of those in a bit.