Sherman Signs Record Deal

well according to John Clayton

<blockquote class="twitter-tweet" lang="en"><p>With new contract for Sherman, the Seahawks still have $10.5 million of cap room for this year and $30.7 million next year if cap is $140M</p>&mdash; John Clayton (@ClaytonESPN) <a href="https://twitter.com/ClaytonESPN/statuses/464467050032009217">May 8, 2014</a></blockquote>
<script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>

Sounds about right. The new deal for Sherman is an extension that doesn't change his salary for this year but does give him a signing bonus now.