The Seattle Seahawks doubled down on their trust in quarterback Geno Smith last March, signing him to a three-year extension that pays $25 million annually, with $40 million of that sum fully guaranteed. This commitment places Smith as the 20th highest-paid quarterback in the NFL based on average annual value (AAV).
Smith, now approaching his 34th birthday, has proven to be a reliable asset for the Seahawks. In 2022, he led the NFL with a remarkable 69.8% completion rate, accumulating 4,282 passing yards, 30 touchdowns, and 11 interceptions. His stellar performance helped the Seahawks achieve a 9-8 record and secure a playoff spot, and it also earned him a Pro Bowl nod.
The following season, Smith continued to impress. He threw for 3,624 yards, 20 touchdowns, and 9 interceptions, guiding his team to an 8-7 record and earning Pro Bowl honors for the second consecutive year. This consistent performance underscores why Seattle opted to retain Smith for the 2024 season, guaranteeing him $12.7 million despite the potential cap savings of $14 million if they had released him.
Seattle's Strategic Moves
In addition to extending Smith’s contract, the Seahawks’ front office made notable moves this offseason. They decided against drafting a quarterback, choosing instead to trade for Sam Howell and sign PJ Walker. This strategy signals Seattle’s intent to build around Smith while adding experienced backups to the roster.
Geno Smith seems optimistic about his future with the team. "Still getting better," Smith mentions, a testament to his confidence and drive to improve. His performance over the past seasons suggests he is far from settling.
Financial Implications
However, financial challenges loom on the horizon. The Seahawks are reportedly $25.6 million over the salary cap for 2025, according to OverTheCap.com. This figures into their current considerations, with the idea of crafting an incentive package for Smith being floated as a potential solution. Such a package could help manage cap space while still rewarding Smith for his contributions on the field.
Looking ahead to future drafts, Seattle is projected to hold the 11th overall pick in the 2025 draft, according to sportsbook odds. This strategic positioning could enable the Seahawks to fortify other key areas of the team, potentially easing cap pressures in the long run.
The Future of Negotiations
The sentiment heading into future negotiations seems optimistic yet cautious. "Let's meet at the negotiating table next year," reflects a guarded optimism from the article's author. As Smith continues to perform at a high level, those negotiations will be crucial for both his career and the Seahawks' future success.
For now, fans can look forward to another season with Geno Smith at the helm. The Seahawks' decision to invest in their quarterback underscores a commitment to stability and performance, critical elements as the team navigates a competitive NFL landscape.