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.
Warrick Signs With Seattle