NFL.com's Steve Wyche reports that Hill will receive a six-year,
$38 million contract with $15.5 million guaranteed.
According to Wyche, Hill's deal includes a provision that prevents the Seahawks from pursuing any of the linebacker's guaranteed bonuses should he be suspended. Hill is facing possible discipline from the NFL because of a January arrest for misdemeanor marijuana possesssion in Georgia.
One day after the Seahawks drafted Wake Forest linebacker Aaron Curry with the No. 4 overall pick, they rescinded the franchise tag on Hill on Sunday, making the four-year NFL veteran an unrestricted free agent. Hill refused to sign Seattle's $8.3 million tender offer and chose to stay away from an early April minicamp.
The Associated Press contributed to this report.