With the new league year set to kick off on March 15 at 1 p.m. PST, NFL free agency is officially in full swing as the Seattle Seahawks and all 31 other teams work to improve their rosters for the upcoming 2023 season.

After re-signing quarterback Geno Smith to a three-year contract along with a trio of other moves retaining their own free agents, the Seahawks will open free agency with somewhat limited salary cap space. While the team ranks 12th in overall cap room, when accounting for rookie contracts and the top 51 players on the roster, they rank 19th with less than $10 million in effective cap space according to OverTheCap.com.

Despite not having a ton of money to throw around, however, Seattle has options to create quick space and Smith agreeing to a deal with just a $10.4 million cap hit in 2023 does add a bit more flexibility to sign veteran talent. Following a surprise playoff berth in a perceived rebuild season, the franchise will be looking to make cap-friendly moves that also improve the roster around the veteran quarterback.

As Seattle aims to take the next step towards Super Bowl contention this offseason, I’ll be breaking down each of the team’s signings with contract length, key financial details, and an overall grade. Make sure to check back often as moves continue to trickle in throughout free agency and leading up to April’s NFL draft.

On the surface, paying $5.25 million annually to a kicker may seem like too steep of a price for a specialty position. But Myers certainly earned that cash with a phenomenal 2022 season, as he received First-Team All-Pro recognition from the NFLPA after splitting the uprights on 34 out of 37 field goal attempts and finished a perfect 6-for-6 on 50-plus yard field goals. In two of the past three seasons, he has made at least 91 percent of his field goals and he has been money from long distance, missing only two out of 11 field goals surpassing 50 yards.