Both roster moves were expected. Bryant was due a $3 million roster bonus in March. Rice is coming off a torn anterior cruciate ligament.
Bryant could be of interest to the Kansas City Chiefs, according to a league source.
The Seahawks created over $12 million in salary-cap room for the 2014 fiscal year.
“We want to thank both Red and Sidney for their effort, commitment and contribution to the Seattle Seahawks over the last few years,” general manager John Schneider said in a statement. “These are extremely tough decisions, but we wanted to give them a head start on free agency. We wish them well in the future.”
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Aaron Wilson covers the Ravens for The Baltimore Sun