Profootballtalk.com reports that a new contract for Percy Harvin is already in place with the Seahawks.
CBS Sports' Jason La Canfora previously suggested Harvin could command $12 million annually, which would make him the league's third-highest paid receiver behind Calvin Johnson and Larry Fitzgerald. PFT's Mike Florio confirms Harvin's deal "won't be close" to Megatron and Fitz. The bottom line is Harvin isn't a one-year rental in Seattle. They're locking up the 24-year-old long term.
I know this is kind of meaningless since we'll know the details a few hours from now, but it sounds like Harvin's contract may not be quite the albatross as was initially feared.