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The Seahawks and Tyler Lockett have agreed to a restructured contract that will lower his cap number for 2024 and keep the team's second all-time leading receiver in Seattle for at least another season, a source confirmed to ESPN on Saturday.
Lockett had two years and a nonguaranteed $34 million remaining on his 2021 extension, which called for him to make $17 million in both 2024 and '25. His new deal is for two years and a base value of $30 million, with another $4 million available in incentives and nearly $13 million guaranteed for this coming season.