Hawks own Chancellor -- and his wallet
Sitting out would cost him $6.55 million -- and he still would be under contract for three more years

Pete Carroll and John Schneider clearly are annoyed by Kam Chancellor's ongoing holdout, but they have not reached the point where they are interested in trading him. And that might not happen until next year -- if they ever get to that thought.

Keep in mind: Chancellor is signed for three more years and will remain so if he doesn’t play at least half this season. His contract will just toll to the next year in perpetuity, so the Hawks could just sit on his rights forever.

Per the standard NFL contract in the CBA:

16. EXTENSION. Unless this contract specifically provides otherwise, if Player becomes a member of the Armed Forces of the United States or any other country, or retires from professional football as an active player, or otherwise fails or refuses to perform his services under this contract, then this contract will be tolled between the date of Player’s induction into the Armed Forces, or his retirement, or his failure or refusal to perform, and the later date of his return to professional football. During the period this contract is tolled, Player will not be entitled to any compensation or benefits. On Player’s return to professional football, the term of this contract will be extended for a period of time equal to the number of seasons (to the nearest multiple of one) remaining at the time the contract was tolled. The right of renewal, if any, contained in this contract will remain in effect until the end of any such extended term. 

If Chancellor sits out the season, it will cost him his $4.55 million salary and about $2 million in fines. He already is at around $1.25 million in fines, and missing the opener would cost him another $250,000.

Carroll and Schneider seem very content -- if also quite miffed -- to let him hang himself financially.

The Hawks have received calls from the New York Giants and other teams gauging Seattle's interest in dealing the Pro Bowl safety, but Carroll said they are not discussing a deal.

“There have been a couple phone calls from other teams, people kind of wondering what’s going on," he confirmed to reporters at VMAC. "We’re really not interested in talking to them about that, so we don’t.”

The Hawks also have not given Chancellor permission to talk to other teams about a trade or a new contract.

Earlier in the day, Carroll told 710 ESPN the team is set to move on without the erstwhile heart and soul of the defense, who was replaced as defensive captain by Bobby Wagner.

"We have to go ahead. That's all that everybody wants us to do," Carroll said. "The players want to do that; the coaches have to do that. Our fans are going to be disappointed to not see Kam out there, as we all will be, but it's like he's not healthy enough to play yet; he can't go yet."

Chancellor has three years left on the five-year, $29 million deal he signed in 2013, and he is unhappy that his 2014 pay will be $4.55 million -- even though it is guaranteed and he already has made $12.5 million the past two seasons.

He reportedly wants the Seahawks to pay it forward -- turning most of his $4.55 million for this year and $5.1 million for 2016 into a signing bonus on an extension that pays him upwards of $9 million a year.

The Hawks reportedly have offered to guarantee some of that $5.1 million and waive 70 percent of his fines, but they are not interested in giving him a raise.

As expected, Carroll did not get into specifics, but he told 710 ESPN, "Everything's pretty well-stated. He knows where we're coming from, and we know where he's coming from. So we just have to keep going and do what we need to do, and he has to do the same."

Carroll had one last telling word on the matter: "This is an important week to see where he is, so we're ready to go about our business."

In other words, Carroll is curious to see whether Chancellor really is serious about abandoning the team, losing about $6.55 million and watching the Seahawks win a Super Bowl without him.

Image: Mike Morris (Flickr) 

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