The 6-foot-4 Rice will earn $18.5 million guaranteed and, with $3 million in Pro Bowl escalators, his contract can grow to $44 million in total value.
Rice, a fifth-year pro, set career highs in receptions (83), yards (1,312) and touchdowns (eight) in 2009 but endured an injury-plagued 2010 season, catching just 17 passes for 280 yards and two TDs while missing 10 games with a hip injury that required major surgery.
Exactly who will be throwing passes to Rice and Co. once the season starts isn't clear.
Now that the Seahawks have allowed quarterback Matt Hasselbeck to leave for Tennessee, Jackson will compete with Charlie Whitehurst for Seattle's starting job. Whitehurst completed 57.6 percent of his passes during limited action last season, throwing for 507 yards and two touchdowns with three interceptions in six games. Jackson has made 20 career starts, with his most significant playing time coming in 2007 when he started 12 games for the Vikings, throwing for 1,911 yards and nine touchdowns with 12 interceptions.
While Whitehurst is more familiar with his teammates and surroundings, Jackson has more experience in Bevell's offense.