The Seahawks showed how fond they were of Alexander, giving him a $62 million, eight-year contract with $15.1 million guaranteed that agent Jim Steiner then said was the largest for a running back in league history.
Alexander was scheduled to earn $4,475,000 this season on a deal that many around the league questioned at the time it was signed because 30 is an age at which NFL running backs often become shadows of their former great selves.
"The contract was set up that you wanted to get at least three years," [Seahawks president Tim Ruskell] said. "So we didn't get there. That part is disappointing.
"I thought because Shaun had not been injured through his career, playing the odds I said ... 'If you are going to bet on a guy, bet on a guy who's not been hurt or had that propensity.' That was the case with Shaun."
We received the news from the Seahawks' front office today that I have been released. While it really isn't a surprise, this news marks a major transition in my life. I started my NFL career in Seattle and hoped I could remain with the team through the rest of my days as a player. That said, things change.
I will be playing for another NFL team this fall, and doing everything I can to contribute. I am healthy, energized and looking forward to beginning the next chapter of my NFL career.
I want to thank the Seahawks and Coach Holmgren for all they have done for me and my family over the years. I have nothing but respect and affection for the Seahawks staff, my teammates and the organization. I wish them the best.
I especially want to thank the Seahawks fans. You made me feel proud every time I stepped on the field as a Seahawk. I look forward to hopefully returning to Qwest Field one day to play against the Seahawks, and the daunting task of facing the 12th Man --Seahawks fans are among the best.
Finally, Valerie and I want everyone to know that Seattle is home for us, and it will remain so no matter where I play next. We have made far too many wonderful friends to say goodbye. My family will remain in the Seattle area, and when my days in the NFL do eventually come to an end, I plan to retire here. Our hearts are woven into the fabric of this community, we are blessed to be part of it, and we enjoy contributing to it in every way we can.
Thank you, Seattle. You have become a part of me and you will forever remain in my heart.
Two years after winning the league MVP, Shaun Alexander has been released by the Seattle Seahawks. The 30-year-old Alexander had an up and down career in Seattle, posting three trips to the Pro Bowl, the aforementioned MVP, but had his numbers drop considerably the last two seasons. As 
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