By cutting Reed, the Seahawks will gain $8.5MM in cap space with a $5MM dead cap hit. The Seahawks signed Kerry Hyder earlier this month and brought back Benson Mayowa along with defensive end Carlos Dunlap. Seattle also re-signed defensive tackle Poona Ford this month.
Ultimately, there wasn’t enough room for Reed, and the league’s other 31 teams recognized that. Although no one was willing to give up draft capital while taking on Reed’s old contract, plenty of clubs will be interested in adding him as a free agent.
This move comes just a year after the Seahawks retained Reed via two-year, $23MM extension. The former second-round pick broke out in 2018, registering 10.5 sacks and 24 quarterback hits, but saw a suspension derail his 2019 season. Reed missed the first six games of the ’19 campaign, which ended with him collecting just two sacks and eight QB hits. Last season, Reed bounced back with 6.5 sacks to help the Seahawks to their third straight playoff berth.
At 28, and having been a starter since his rookie season, Reed should generate interest on the market — even if no trade materialized. Given the juncture of his Seattle departure and the salary cap reduction, Reed may need to accept a one-year deal at a lower rate and aim for a subsequent extension with his new team or a 2022 free agency payday.
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