Lock Contract For Free

Season History YearTeamCash Paid2020Broncos$813,6742021Broncos$1,132,3482022Seahawks$1,451,0222023Seahawks$4,000,0002 more rows

GettySeahawks backup quarterback Drew Lock at Lumen Field on August 10, 2023. While the Seahawks offered Smith a three-year, $75 million contract this offseason, Lock was re-signed to a one-year, $4 million deal, which could be worth up to $7.5 million with incentives.

Lock-in period is the period within which neither party can terminate the agreement. It can be separate for both parties or be the same. In a very layman term, lock-in simply means the parties are locked in with the same deal for the specified period.

What Is A Lock In Contract? A lock in contract is where the parties to the contract are bound together strictly. The service or goods being provided will depend heavily on a certain criteria being fulfilled.

The Seahawks ensured Geno Smith will continue to write his new career narrative in Seattle in 2023 and beyond. Smith and the Seahawks have agreed to a new three-year contract worth $105 million, NFL Network Insiders Ian Rapoport and Tom Pelissero reported on Monday.

Seahawks' Updated Salary Cap After Geno Smith's Reported $105M Contract. Geno Smith got paid. The Seattle Seahawks and the veteran quarterback agreed to a three-year, $105 million deal on Monday, per multiple reports.

The lock in period meaning in rent agreement is the minimum tenure of lease. In simple words this means both the tenant and landlord have locked into the rental agreement for this period. During the lock-in period, both the parties cannot serve a notice to vacate the rented place.