Last March, the Seattle Seahawks made a significant move, expressing their confidence in quarterback Geno Smith by signing him to a three-year extension. This contract, valued at $25 million per season and including $40 million in full guarantees, underscored the team's belief in Smith's abilities and leadership.
Smith's new deal positions him as the 20th highest-paid quarterback in the NFL based on average annual value (AAV). While this might not place him among the absolute elite in terms of salary, his performance has surely justified the Seahawks' investment.
Commitment Over Cost-Savings
Seattle made the strategic decision to retain Smith for the 2024 season, committing $12.7 million to ensure he remains on the roster. This move showcases their dedication to maintaining stability at the quarterback position, even though releasing him could have resulted in a $14 million cap savings.
This commitment to Smith came alongside some interesting roster decisions. Rather than drafting a new quarterback, the Seahawks opted to trade for Sam Howell and sign PJ Walker, displaying their preference for experienced backup options.
Stellar Performance in 2022
Smith's 2022 season was nothing short of remarkable. He led the league with a 69.8% completion rate while compiling 4,282 passing yards, 30 touchdowns, and 11 interceptions. Thanks to his stellar play, the Seahawks finished with a 9-8 record and secured a playoff berth. His outstanding performance also earned him a spot in the Pro Bowl.
Reflecting on his journey, Smith remarked, "Still getting better." His commitment to continual improvement has evidently paid dividends on the field.
Continued Excellence in 2023
The subsequent season saw Smith continue to deliver strong performances. In the 2023 campaign, he threw for 3,624 yards, 20 touchdowns, and 9 interceptions, leading the Seahawks to an 8-7 record and earning Pro Bowl honors once again. As he approaches his 34th birthday, Smith’s ability to compete at a high level remains undiminished.
Facing Financial Challenges
However, all is not smooth sailing for the Seahawks. According to OverTheCap.com, Seattle is projected to be $25.6 million over the salary cap for the 2025 season. This financial pressure has prompted discussions about crafting an incentive package for Smith this year as a potential solution to navigate the cap situation.
Looking to the Future
Despite the salary cap challenges, the team seems poised to address other key positions through the draft. Seattle is projected to have the 11th overall pick in the 2025 draft, according to sportsbook odds. This high pick provides an opportunity to further bolster their roster, possibly adding key pieces to support Smith and the team's objectives.
As negotiations loom on the horizon, with the author urging, "Let's meet at the negotiating table next year," it's clear that the organization's direction and Smith's future with the team will be focal points in the coming seasons.
For now, the Seahawks remain steadfast in their belief in Geno Smith, hoping that his continued excellence can lead them to greater heights amidst financial hurdles and competitive pressures.