SEAHAWKS QB GENO SMITH’S CONTRACT GUARANTEED!
The Seattle Seahawks have made a major decision regarding their quarterback situation. After a disappointing season in 2023, the team has chosen to guarantee Geno Smith’s contract for next season. Smith, who signed a lucrative deal with the Seahawks last offseason, will now receive a guaranteed salary of $12.5 million.
Insider Adam Schefter broke the news on Thursday, revealing that Smith’s contract will become fully-guaranteed. This means that the quarterback will collect the entire $12.5 million, regardless of any potential injuries. The Seahawks have decided to keep Smith on their roster for the remainder of the week, allowing the money to trigger and ensuring that he receives his well-deserved payday.
This move by the Seahawks signifies their commitment to Smith as their quarterback going forward. Despite the team’s failure to make it to the playoffs last season, they believe in Smith’s abilities and are willing to invest in his success. With a guaranteed contract, Smith can now focus on leading the Seahawks to a successful campaign in the upcoming season.
It remains to be seen how Smith will perform in the coming year, but one thing is for sure – he will have the full support of the Seahawks organization. The team’s decision to guarantee his contract sends a clear message that they believe in his potential and are willing to stand by him. Seahawks fans can now look forward to seeing Smith in action, knowing that he has the financial backing of the team.
As the offseason progresses, the Seahawks will likely make more decisions regarding their roster and quarterback position. But for now, Geno Smith can rest easy knowing that his contract is secure. With $12.5 million guaranteed, he has the opportunity to prove his worth and lead the Seahawks to success.
SEAHAWKS LOCK IN GENO SMITH WITH $25 MILLION CONTRACT
In a surprising move, the Seattle Seahawks have decided to fully guarantee Geno Smith’s contract. According to insider Adam Schefter, the Seahawks believe that in today’s market, it is necessary to pay the money for starting quarterbacks. This decision not only locks in Smith but also presents an opportunity for other teams to acquire him via trade. With salaries skyrocketing for quarterbacks, the $25 million-per-year deal for Smith appears to be a steal.
Initially announced as a three-year, $75 million contract with $40 million guaranteed, the reality is that it is a one-year, $25.7 million deal. The Seahawks have the option to save over $13.8 million on next year’s books. However, with the recent announcement and guarantee, Smith’s cap hit for this season will be $31.2 million. This includes a fully guaranteed base salary of $12.7 million, an $8.7 million signing bonus, a $9.6 million roster bonus, and a $200,000 workout bonus.
By restructuring the base salary, the Seahawks can reduce Smith’s cap hit to $25.4 million. This figure is considered excellent for a quarterback contract in today’s NFL. For comparison, Deshaun Watson will have a staggering $63.9 million cap hit in the 2024 offseason.
While Smith ranks 12th in terms of cap hit among NFL quarterbacks, there are undoubtedly more desirable options like Prescott, Mahomes, Murray, Stafford, Jones, Allen, Carr, Wilson, Jackson, and Goff. Nevertheless, the fact that Smith’s contract is not the highest among his peers, such as Jones, Carr, and Wilson, provides some reassurance for the Seahawks.
The key message from Schefter’s tweet is that the Seahawks are open to trade offers for Smith. This strategic leak to insiders serves as a signal to players, fans, and other teams that the Seahawks are willing to negotiate a reasonable contract for a functional quarterback.
Despite an average performance in the 2023 season, where Smith had an 8-7 record as a starter and threw for 3,624 yards with a 64.7% completion rate, he was ranked as the 14th-highest graded QB by PFF. Considering his production and stats, his contract aligns reasonably well.
Could teams like the Atlanta Falcons or Pittsburgh Steelers, who believe they are just a competent quarterback away from contention, make an offer the Seahawks can’t resist? The Seattle front office seems to be open to the possibility.
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