Rice himself weighed in Friday.
Rice is a talented but injury-prone receiver who has played in more than 10 games just once since 2010. The 27-year-old missed eight games in 2013 and appeared in 16 games one time in his three seasons in Seattle. He has missed 25 games over the past four seasons.
Percy Harvin, who struggled to stay healthy himself the past two seasons, is expected to consistently contribute in 2014. Having more than one high-priced receiver with injury concerns doesn't make fiscal sense for a team with looming salary-cap questions.
The Seahawks have prioritized bringing back Tate. Cutting ties with Rice is one step in making that a reality.