Cornerback Kelly Herndon, still officially Broncos property, has signed a five-year, $15 million offer sheet with the Seahawks that includes a $3.6 million signing bonus and $900,000 base salary in 2005. The Seahawks, who lost Ken Lucas on the open market to the Panthers, view Herndon as his possible replacement. Denver has until Wednesday to match Seattle's offer. Because Herndon was not drafted, the Broncos would get no draft-pick compensation if they refuse to match.
-- Rocky Mountain News
This whole thing seems a bit strange to me.