Richard Sherman announces 4-year, $57.4M extension with Seahawks

Richard Sherman is now the highest paid corner in the league. (Elsa/Getty Images)

Seahawks cornerback Richard Sherman announced Wednesday via his website that he's reached a deal for $57.4 million to stay in Seattle over the next four years, with $40 million of the extension guaranteed.

Sherman followed up the statement by saying there's no city or team he wants to play for and considers it a sign of "respect" by Seahawks management for his "hard work and execution."

"Hard work and execution got me to this moment, the Seattle Seahawks have backed up that respect with this contract....Greatness is realized from countless hours of work, studying, practice, sacrifice and courage. This is just the beginning and I will continue to set the bar higher and higher on and off the field."

The deal effectively makes him the highest-paid corner in the NFL, exceeding the $12 million per year deal that Darrelle Revis is set to earn with the New England Patriots. Had a deal with Sherman not been reached, the 26-year-old defending Super Bowl champion would make $1.38 million next season and would become a free agent in the offseason.

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