It will be no surprise to you, but it's going to come down to the salary cap, and how the Seahawks manipulate it. They are REALLY good at doing that, and there are several Field Gulls posts over the course of the season explaining the hows and what ifs.
http://www.fieldgulls.com/seahawks-analysis/2014/1/7/5284500/projecting-...
I don't know Bennett so I couldn't tell you his mindset about a hometown discount, but Sidney Rice has been quoted as saying players want to come here, even for less money, to get the chance for a ring. If they get that ring this year, then I suppose it's possible that he'll take the opportunity for a big payday. But I have to think he also realizes that the reason he has done so well is at least partially due to how he has been utilized in the defensive scheme, maximizing his opportunities to contribute.
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