Lynch was scheduled to make $5 million in 2015, with a salary-cap hit of $8.5 million. The team was trying to extend his contract, while Lynch was considering retiring from the NFL.
According to NFL.com's Ian Rapoport, Lynch signed the contract extension, through 2017, on Friday night and will get $24 million over two years.
Lynch's agent, Doug Hendrickson, confirmed the signing, saying that the deal came after a long meeting between Hendrickson, owner Paul Allen, GM John Schneider and coach Pete Carroll. He added that he didn't anticipate needed to renegotiate following this season, assuming Lynch chooses to continue playing.
CBSSports.com's Jason La Canfora reported that the Seahawks and Lynch had agreed on a new deal nearly two weeks ago.
The deal, which is expected to be announced in the coming days, would be worth $12 million in the first year and $9 million in the second.
Lynch's agent, Doug Hendrickson, said there is no deal done, but La Canfora reports the deal is on the table and will result in a signing.
Lynch, who was reportedly considering retirement, ran for 1,306 yards in 2014 on 280 carries with 13 touchdowns.
The second year of the contract offer is worth $9 million and is potentially a three-year deal. It's unknown if Lynch will accept this offer.
Lynch ran for 1,306 yards and 13 touchdowns in 2014. Lynch, 28, was reportedly said to be considering retirement.
"We've had big offers out there," coach Pete Carroll said, per NFL.com. "We continue to work with that and we're excited about the future. He's been an integral part of our program for five years we love the contributions that he's brought. He's a great character in the program and all of that. So we're excited to move ahead. We'd really like to move with that quickly."
Lynch, 28, is due a base salary of $5 million in 2015, but is also contemplating retirement. He rushed for 1,306 yards, and set career highs in rushing touchdowns (13) and receiving yards (367) in 2014, leading Seattle to back-to-back Super Bowl appearances. General manager John Schneider revealed earlier in the week that he's unsure if Lynch will retire, but would like to get an answer from him soon.
Although a report from former
"I think everybody needs time away -- especially at that position, you know, and the way he runs the ball -- a little time to hit the reset button," Schneider told reporters, per the Seattle Post-Intelligencer. "So I've talked to his people a bunch, his representatives. He knows we want him to play. So yeah, we're going to just wait."
Lynch is due a base salary of $5 million in 2015. He rushed for 1,306 yards, and set career highs in rushing touchdowns (13) and receiving yards (367) in 2014.
Schneider also said he has contacted Lynch's representatives and would like to get an answer from them "soon."
"I've talked to his people a bunch, he knows we want him to play," Schneider said, per the team's official website. "We'd like to know. Like I said, I talked to his people, so they know (that)."
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