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.