Before I say anything about this, I know and appreciate that Schneider is not a fly-by-the-seat-of-his-pants GM. Every expenditure he makes fits into a 3 year financial plan.
That said, we just turned Kam Chancellor from a Richard Sherman type asset to a Zach Miller type asset from a money perspective. Obviously, Kam was going to get paid at least that much so I'm not complaining about an overpay at all, I just think that we might have been better served saving that money for other players we need to keep and take advantage of the fact that strong safety might be the easiest position for Pete Carroll to fill through the draft.
JS said himself: we can't and won't keep everybody. You gotta pick your spots to lose players, and though I don't think guys like Sidney Rice or Golden Tate are more valuable than Chancellor, IMO they are a lot harder to replace.
If not for Goodell neutering Chancellor with the ridiculous anti-contact rules, I think Chancellor would be such a force that he'd be worth this kind of investment. The player that we saw last year was a mixed bag, though I blame Goodell for that more than Kam.
I guess we'll see how this shakes out. I like Kam and all things being equal wanted him to stay, but only if doing so is smart. Hopefully JS continues to do cap miracles and makes it all work out. I'm guessing we are in for some painful cuts next year, though.