Last March, the Seattle Seahawks made a definitive statement about their faith in quarterback Geno Smith. The team inked him to a three-year extension that averages $25 million per season, with a substantial $40 million guaranteed. This commitment propels Smith into the ranks as the 20th highest-paid quarterback in the NFL by average annual value (AAV), reflecting the Seahawks' confidence in his abilities on the field.
Smith's current contract guarantees him $12.7 million to remain on the roster for the 2024 season, a decision that came at the cost of a potential $14 million cap savings if they had chosen to release him. Instead of seeking a new quarterback through the draft, Seattle bolstered their depth at the position by trading for Sam Howell and signing PJ Walker, opting for experience and stability over untested rookies.
Performance That Commands Commitment
Smith's on-field performance over the past two seasons illustrates why the Seahawks were willing to bet on him. In the 2022 season, Smith led the league with an impressive 69.8% completion rate, racking up 4,282 yards, 30 touchdowns, and 11 interceptions. His efforts propelled the Seahawks to a 9-8 record and a playoff berth, earning Smith a spot in the Pro Bowl. The following year, Smith continued to excel, throwing for 3,624 yards, 20 touchdowns, and 9 interceptions, culminating in an 8-7 record and another Pro Bowl selection.
Smith's ability to deliver consistent results has solidified his reputation as a reliable leader on the field. Approaching his 34th birthday, Smith has publicly stated, "Still getting better," a sentiment that resonates with both fans and the Seahawks' front office as they look toward the upcoming seasons.
Financial Strategy and Future Implications
However, the Seahawks' decision to keep Smith comes against a backdrop of financial challenges. According to OverTheCap.com, the team is projected to be $25.6 million over the salary cap for the 2025 season. This fiscal strain has spurred discussions within the organization about crafting an incentive package for Smith to potentially ease the cap burden.
The Seahawks' foresight extends beyond contractual negotiations, as they are projected to have the 11th overall pick in the 2025 draft. This positioning offers Seattle flexibility and possibilities, whether it be in securing impactful rookies or leveraging their draft position in trades to fortify their roster.
The Road Ahead
As the Seahawks navigate their financial landscape, the sentiment expressed by the article’s author reverberates: "Let's meet at the negotiating table next year." This perspective underscores the ongoing nature of contract negotiations and the dynamic environment of NFL roster management.
Geno Smith's journey with the Seahawks exemplifies the intricate balance of talent management and financial strategy in professional football. His performance continues to justify Seattle's investment, and as long as Smith maintains his trajectory of growth and efficiency, the Seahawks' faith in their quarterback seems well-placed.