Rice is due to earn a base salary of $8.5 million in 2014, an amount that his past performance and current health won’t justify. With a post-June 1 designation, the Seahawks could shed the contract with a $1.2 million cap charge in 2014 and 2015, according to a source with knowledge of the deal.
His injury history really looks to be catching up with him
Rice had 15 catches for 231 yards and three touchdowns in eight games this season. Last year, he had 50 catches for 748 yards and seven scores in 16 starts.
It seems that Rice will be sticking around only if he agrees to significantly reduce his pay for next year, and beyond. Given that no one else will be paying him $8.5 million for 2013