Seattle Seahawks quarterback Russell Wilson, although being offered a rumored large amount of money to stay with the Seahawks, is said to be still far from reaching an agreement with the team.

The 26-year-old quarterback, who started in 2012 with the Seahawks with a four-year deal worth $2,996,702, which translates to a yearly average salary of $749,176, will receive the bulk of it - a $1.54 million pay this year, Spotrac noted.

The 2012 Pepsi NFL Rookie of the Year, who helped Seattle with its back-to-back Super Bowl appearances, including the first championship for the franchise in the 2013 NFL season, was offered a deal that will give him an average pay of nearly $21 million per year that also comes "with significant guaranteed money," reported ProFootballTalk.

Even the former coach of the Seahawks, Mike Holmgren, said on "The Erik Kuselias Show" on NBC Sports Radio that he knows "the Seahawks have not lowballed Russell Wilson." He stated that although it may not be like a deal that matches "an Alex Rodriguez contract," pertaining to a 10-year deal worth $275 million that Rodriguez signed with the New York Yankees, the coach knows that it is still a "fair deal," which Wilson should take.

"He's gonna sign a huge contract, in the $20 million-plus range, I would guess. And to not sign it, and to play this year for [$1.5 million]. They always run the risk of injury. To make another million bucks in a hundred million dollar contract over five years doesn't make any sense to me at all. And I would tell him that. If he asks me, I'll tell him. And that's why I think he's making a mistake," Holmgren added.

However, Wilson's camp has not yet inked the deal. Naturally, football fans may be thinking why Wilson is not even considering such a hefty amount.

But Ian Rapoport of NFL.com maintained that "negotiations are ongoing." What appears to be the major concerns are the cash up front and the guaranteed money that come with the contract.

Rapoport added that Wilson will be getting only under $20 million cash up front, which is lower than what Cam Newton got that reportedly amount to $30 million. Insiders from the Seahawks also indicated that truly, the guaranteed money is "significant" but most of it is simply for "injury only."

Since nothing is done or taken back yet, the negotiation parties will still meet this week to close the dragging contract saga before the Seahawks resume training, noted Seattle Times.

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