Marshawn Lynch, contrary to reports, has not agreed to a new contract with the Seahawks, his agent said late Saturday.

Lynch, contrary to reports, has not agreed to a new contract with the Seahawks, his agent said late Saturday.

Analysis:

CBS' Jason La Canfora said to expect formalization of a two-year, $21 million deal in the coming days, but agent Doug Hendrickson shot that down within minutes. Yahoo earlier reported the Seahawks have offered Lynch $11-12 million in the first year of the deal and $9 million in the second year, making it a two-year extension on top of the $7 million he is set to earn in 2015 ($5 million base salary).