It is time to panic! Seattle Seahawks superstar quarterback Russell Wilson is entering the final year of his contract and there’s no sign that any deal is imminent. Did I mention it is time to panic?

Now that we’ve gotten that out of our systems, everyone take a deep breath and relax. Russell Wilson isn’t going anywhere. He’s going to be in Seattle for a very long time. How many millions are put into his bank account each year hasn’t been decided yet, but it will be Paul Allen writing those pay checks.

There is no deadline to get this deal done. Wilson will be in Seattle for at least three seasons even if there is no new contract. The Seahawks know this. Wilson knows this. The two sides aren’t even talking regularly at this point.

Sure, both sides would like to get a deal done soon. The problem is that there is no deadline, and deadlines spur action. Both side are content to wait for the other one to flinch first in the negotiations.

Right now, the Seahawks have all the leverage. No deal before this season costs Wilson about $18 million. If Wilson wants that money, he’ll have to eventually lower his demands.

Wilson is naturally trying to maximize his earnings. Football careers are relatively short. He’s got to make his money while he can. Wilson is willing to make a little less in 2015 if it means more total money in the long run.

Not $18 million less though. That’s a lot of cash, and not something that he can get back over the lifetime of his career. Waiting this out too long doesn’t benefit Wilson as much as he and his agent will claim it does at this point in the negotiations.

Wilson cannot hold out of training camp either. If he does, then he becomes a restricted free agent next year instead of an unrestricted free agent. That would cost Wilson potentially another $15 million in 2016, and keep him under team control for an extra season.

That is ultimately why I think this gets done before Week 1 of the season. Unless Wilson is desperate to get out of Seattle (he’s not), or he is very stupid (he’s not), this will eventually get done.

So when one side leaks a report to Bleacher Report that says the sides are so far away that the deal won’t get done this year, or when the other camp tells the Tacoma News Tribune that the entire first report is completely fictitious, just roll your eyes and go read something else.

Any reports that come out now have about the same level truthfulness as pre-draft reports about which players a team likes. These “leaks” are agenda driven by one side or the other, and not any real indication of the true status of the negotiations.

So relax. The Russell Wilson contract is going going to happen. Unless you’d rather panic for no reason. That works too.