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| 31st August, 2005 - 10:44 pm |  ESPN - Wasting little time after his release by the Cincinnati Bengals one day earlier, wide receiver Peter Warrick on Wednesday afternoon signed a one-year contract with the Seattle Seahawks, despite avid interest from other teams.
The basic contract is worth $1.4 million, which includes a $500,000 signing bonus and a base salary of $900,000. But the five-year veteran can earn an additional $880,000 -- the difference between his deal with the Seahawks and the $2.28 million base salary that he was scheduled to make in Cincinnati -- through incentives.
Warrick will earn $220,000 with 30 receptions, then an additional $220,000 each for 40, 50 and 60 catches. It is also believed that Warrick will return punts for the Seahawks, who have been seeking to add another veteran wideout. [READ] |
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