Kenneth Walker is one of the top pending free agents at the running back position. A mutual interest exists in this case for a new Seahawks deal to be worked out, while the franchise tag looms as a stopgap option.

The window for teams to apply franchise or transition tags opens today. The Seahawks could be a team to watch with respect to Walker on that front, but it appears as though nothing is imminent. Seattle is “unlikely” to use either tag on the Super Bowl MVP, ESPN’s Adam Schefter reports.

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The franchise tag is projected to cost $14.53MM for running backs in 2026. That figure for transition tags is $11.73MM. Both one-year totals would be guaranteed in full in the event the tag were to be used and Walker were to play on the tender in 2026. Tagged players have until July 15 to work out a long-term deal, but the window for applying the tag will close one week before the start of the legal tampering period in March.

A report from last week indicated the Seahawks were likely to keep Walker in the fold for at least next season, either through the tag or a new contract. The running back market is currently topped by Saquon Barkley, and he is one of three backs with an average annual value of $15MM or more (a list which could grow if Bijan Robinson and/or Jahmyr Gibbs sign extensions this spring). Walker, 25, has shown an ability to operate as a lead back and thrived during the postseason; nevertheless, he does not have the resume of the league’s highest-paid players at the position.

That could land the former second-rounder in the group of backs attached to a deal averaging between $10MM and $14MM per year. Seattle also has Zach Charbonnet in place for 2026, but his status for the start of next year is uncertain as he recovers from an ACL tear. Walker will continue to be leaned on heavily in the event he finds himself in the Emerald City next season.

As Schefter notes, the Seahawks have a number of other priorities on the roster leading up to free agency. Retaining as many key members of their Super Bowl core, along with attempting to work out extensions with several ascending players, is a central goal at this point of the offseason. How that affects Walker will be interesting to monitor.

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