THURSDAY, 10:07am: It’s a four-year deal worth $23MM with $11MM guaranteed, a source tells Ian Rapoport of NFL.com (on Twitter).
WEDNESDAY, 10:07pm: The Seahawks have officially announced the signing, tweets Bob Condotta of The Seattle Times.
7:46pm: The Seahawks and cornerback Jeremy Lane have agreed to a four-year deal, according to Ian Rapoport of NFL.com (Twitter link). Financial details of the contract are currently unavailable.
Lane, 25, joined the Seahawks as a sixth-round pick in 2012. He hasn’t garnered a ton of playing time since then, however, missing 23 of 
a possible 64 regular-season games and totaling only six starts.
Lane sat out the Seahawks’ first 10 games last season after breaking his arm and tearing his ACL in February 2015 on an interception in the club’s Super Bowl XLIX loss to the Patriots. The 6-foot, 184-pounder also missed nine games in 2014. Still, he recorded the first two regular-season INTs of his career during the 2015-16 campaign and ranked 51st out of 111 qualifying corners at Pro Football Focus, and he’s a good bet to start full-time opposite Richard Sherman going forward.
Lane is the second key defensive cog to re-sign with the Seahawks this week, joining tackle Ahtyba Rubin. However, fellow defenders Bruce Irvin (linebacker) and Brandon Mebane (DT) joined the Raiders and Chargers, respectively.
Photo courtesy of USA Today Sports Images.
This is probably the biggest guy we needed back. Mebane would have been nice but if the guy who I am not going to try and spell his name falls to us it will be fine. It is the guy who fell off the balcony. Can’t blame the guys who left they are getting more than we can pay and some will get us comp picks and JS and PC do pretty good with those mid round picks.