By Jerry McDonald - NFL Writer
Thursday, February 25th, 2010 at 3:10 pm in Oakland Raiders.
The Raiders think so much of Richard Seymour even two first-round draft picks wouldn’t suffice as compensation.
Although the club has made no announcement, Seymour was the only one of six franchise players league wide to be given the “exclusive” designation, meaning no other teams can negotiate with him, according to an NFL press release.
The Raiders have since summed up their most signifcant personnel move of the offseason in two sentences and 24 words on their Web site.
As a non-exclusive franchise free agent, Seymour would have been free to field other offers, with the Raiders getting the choice to either match the offer or accept a pair of first-round draft picks in return. That would be twice as much as they paid New England to get him, having shipped their 2011 first-round pick to the Patriots.
As an exclusive free agent, Seymour will receive a minimum of $12.398 million for the season. The exclusive designation gives the player the average of the top five salaries at his position in 2009 (the $12.398 figure), the average of the top five salaries as of April 15, 2010, or 120 percent of their salary the previous year, whichever figure is greater.
If Julius Peppers lands a monster contract during free agency, it could drive Seymour’s 2010 price up.
The Raiders also used the exclusive designations with Charles Woodson and Nnamdi Asomugha.