Seahawks reach an agreement with Browns' Russell

Seattle Seahawks: On Friday, a day after making Deon Grant the third-highest-paid safety in football, the Seahawks reached an agreement on a five-year deal with Browns safety Brian Russell. Financial terms weren't available, but Russell becomes the second new safety added to the Seattle roster in 24 hours.

The addition of Grant and Russell means the Seahawks won't re-sign starter Ken Hamlin, a Pro Bowl alternate who is a free agent and recently visited the New Orleans Saints.

Russell, 28, has played with the Vikings and Browns during his six-year NFL career. He was an undrafted acquisition of the Vikings in 2001 and had a nine-interception season in 2002 for Minnesota.

-- ESPN.com's John Clayton

Denver Broncos: Broncos wide receiver Rod Smith restructured his contract by taking a $5 million paycut, although he and the team left the door open for further talks about his contract.

Smith was scheduled to receive a $1 million roster bonus Thursday. With a $5.5 million salary and the possibility of being a third receiver this year, the Broncos needed for him to restructure his contract to clear up cap room. Though Smith was busy with personal matters, he beat the deadline by reducing his salary for $5.5 million to $1.5 million and not taking his $1 million roster bonus. The Broncos needed the cap room because they were filing the new $6 million a year contract for tight end Daniel Graham.

Smith also reduced his base salary in 2008 from $6.5 million to $1.5 million. Smith recently underwent hip surgery and faces a four-month recovery.

-- ESPN.com's John Clayton

Cleveland Browns: The Browns, who traded veteran halfback Reuben Droughns Friday, finally gave up waiting for cornerback Daylon McCutcheon to come back from injuries.

On Friday, they released McCutcheon, claiming he failed a physical. McCutcheon was scheduled to make $2.3 million this season. McCutcheon was a third-round pick of the Browns in their first season, 1999.

-- ESPN.com's John Clayton