UPDATE 5:29: I can confirm the Seahawks are trading for Oakland quarterback Terrelle Pryor.
UPDATE 5:35: There are multiple reports the Seahawks acquired Pryor for a seventh-round pick. Essentially, the Seahawks are taking a low-risk shot with Pryor.
Both teams have officially announced the trade. The Seahawks traded their seventh-round pick, No. 247 overall, for Pryor.
"Terrelle is an incredibly explosive athlete and we're excited for him to come in and compete," Seahawks general manager John Schneider said in a statement.
This is the initial report from Pro Football Talk that caught everyone by surprise.PFT's Mike Florio said on 950-KJR that the Pryor contract is a non-guaranteed $705,000. Florio suggested the trade may be for a conditional pick.
The questions for the Seahawks are how Pryor will be used, and what this means for Tarvaris Jackson and B.J. Daniels. Jackson's one-year deal is guaranteed.
Alex Marvez of Fox Sports reported yesterday that the Oakland Raiders were prepared to cut Pryor before the start of Tuesday's voluntary workouts.
Pryor started nine games last season for the Raiders.