Seattle Seahawks

Free-agent tight end Noah Fant is re-signing with the Seattle Seahawks on Monday for two years and $21 million, according to sources. The former first-round pick of the Denver Broncos in 2019 out of Iowa has over 2,800 receiving yards and 14 touchdowns in his five NFL seasons with Denver and Seattle. He hasn't been much more than a TE2 in fantasy, though, and he really disappointed last year with a career-low 32 receptions on 43 targets for 414 yards and no touchdowns in 17 starts. The good news is that both Will Dissly and Colby Parkinson are headed elsewhere in free agency, so perhaps the 26-year-old Fant is able to rebound as a more-involved pass-catcher in 2024. Until that happens, though, he should be left on the waiver wire in 12-team fantasy leagues.

The Seattle Seahawks and wide receiver Tyler Lockett agreed on a two-year, $30 million restructured contract on Saturday. The deal includes a maximum value of $34 million, including $13 million guaranteed this year. The restructured deal gives the Seahawks extra cap space with NFL free agency officially beginning on Wednesday. The 31-year-old caught 79 passes for 894 yards and five touchdowns across 17 games in 2023, his lowest yardage output since 2017. Lockett will remain Seattle's No. 2 wideout behind superstar DK Metcalf and compete for targets with first-round pick Jaxon Smith-Njigba. The veteran wideout is a boom-or-bust fantasy option and a better best-ball pick than standard PPR formats. Lockett is a fantasy WR3 heading into early best-ball drafts in 2024.

Seattle Seahawks general manager John Schneider said on Tuesday that quarterback Geno Smith is the team's starter "until he's not," when asked whether Smith is the team's starter "right now." Smith is coming off an uneven 2023 season and has two years left on his three-year, $75 million deal he signed last March. His $12.7 million base salary for next season became fully guaranteed when the team kept him on their roster past Feb. 16. However, it's believed Seattle would still think about a possible trade. If they were to trade Smith, they'd assume $27 million in dead money, but a new team could acquire him for only $12.9 million next season. The 33-year-old won Comeback Player of the Year in 2022 but was merely average last season. If Smith isn't traded, he'll remain Seattle's starting QB entering the 2024 season and will be best viewed as a QB2 in fantasy.

The Seattle Seahawks restructured quarterback Geno Smith's contract on Thursday, converting his $9.6 million roster bonus into a signing bonus and creating $4.8 million in 2024 salary cap space, according to a source. The Seahawks made the call to bring Smith back for the 2024 season when they decided to keep him on the roster in the middle of this month when his $12.7 million base salary became guaranteed. Seattle could move on from the 33-year-old veteran next year if he disappoints in 2024, as he won't have any guarantees in the final year of his deal. Smith regressed a bit after a career year in 2022 with the Seahawks, and he finished with 3,624 passing yards, 20 touchdowns and nine interceptions in 15 starts. Expecting him to return to his 2022 level would be foolish, although Smith can pass as a high-end QB2 as long as he stays healthy in 2024.

Seattle Seahawks wide receiver Tyler Lockett could be a salary cap casualty this offseason. He's 31 years old and will carry a $27.8 million cap hit while coming off a sub-1,000-yard season in 2023. Lockett has been in his nine years in Seattle, but ESPN's Jeremy Fowler said it might be a tough dynamic to overcome in 2024. Lockett had 79 receptions on 122 targets for 894 yards and five touchdowns in 17 starts in 2023, but his yardage total was his lowest since his third year in the league in 2017. His contract also has an out clause in it for the 2024 season, so if it looks like he may not be back, he could exercise it and test the free-agent market. If Lockett were to leave, it would be great news for second-year wideout Jaxon Smith-Njigba, as he would become the No. 2 behind DK Metcalf.