Free Agency is supposed to be fun. Thanks Pe for reminding us of that.
1pm Pacific is 4pm Eastern, and 4pm eastern is when players officially become free agents and when teams can officially consummate trades.
Many teams will announce deals before they are official, but that's generally not how JS rolls. He likes keeping his options open until the last minute. So we usually don't hear about a trade until the players are already flying in for their physicals.
That this rumor suggests he's waiting until 1pm makes me strongly suspicious that it is a trade or trades.
My theory. Seattle is trying hard to keep Okung before 1pm. If they can't reach a deal for Okung by that time, they go to plan B, trading for Joe Thomas. It's possible this deal might involve Kam Chancellor.
Seems too obvious though, JS tends to be sneakier than that.