Smith made it sound like there was little or no negotiation between the teams.
Smith to Banks: "We just fell into it. We tendered a third, at a $1.1 million (salary) this year, [thinking] if he returns to us this year, we'll have the same rock and roll band again this season with (Philip) Rivers, (Billy) Volek and Whitehurst. But now here comes the activity, and it's between Arizona, which had a standard third-round pick, and Seattle. But there's a little bit of a twist because the Seahawks didn't have a three. So I presented a package to them that I thought was attractive to us, and it's accepted. They wanted the player. And that's how it went down."
Anyone purchasing, say, a vehicle knows better than to walk onto the lot and pay the listed price without at least trying to get a better deal. The trade for Whitehurst was more like a blind auction than a straight sale, of course, because the Seahawks couldn't be sure what competition they faced.
The bottom line, I think, is that the Seahawks wanted Whitehurst badly and they didn't want to take any chances. I think it's also clear the Seahawks weren't interested in Derek Anderson. They saw Whitehurst as more affordable than Eagles backup Kevin Kolb and more talented than the quarterbacks Seattle was likely to find in the draft if Sam Bradford and Jimmy Clausen were off the board.