Last March, the Seattle Seahawks demonstrated their commitment to quarterback Geno Smith, inking him to a three-year extension worth $25 million per season, with a sizeable $40 million fully guaranteed. The decision underscored their belief in Smith, even as it made him the 20th highest-paid quarterback in the NFL in terms of average annual value (AAV).
Smith's Season Performance and Extension
Smith's retention for the 2024 season came with a guaranteed $12.7 million commitment from the Seahawks, a choice that cost them a potential $14 million in cap savings had they opted to release him. The franchise's resolve in sticking with Smith was further evident as they avoided drafting a quarterback, instead trading for Sam Howell and signing PJ Walker. This move underscored their confidence in Smith's capabilities as the team's leading figure on offense.
In the 2022 season, Smith led the league with an impressive 69.8% completion rate, amassing 4,282 yards, 30 touchdowns, and 11 interceptions. His efforts were instrumental in guiding the Seahawks to a 9-8 record, earning them a playoff berth. Smith’s outstanding performance didn't go unnoticed, earning him a well-deserved spot in the Pro Bowl.
The following season, Smith continued to showcase his talent. He threw for 3,624 yards, 20 touchdowns, and 9 interceptions, contributing to an 8-7 record and once again earning Pro Bowl honors. These performances not only solidified his value to the team but also confirmed his growth and consistency as a top-tier quarterback.
Facing Financial Challenges
The Seahawks, however, are not without financial challenges. According to OverTheCap.com, the team finds itself $25.6 million over the salary cap for 2025. This looming financial pressure has sparked discussions about possible solutions, including crafting an incentive package for Smith this year.
Despite the financial strain, the Seahawks seem poised to maneuver through their challenges, showing a willingness to keep their talented quarterback and maintain a competitive roster. As Smith approaches his 34th birthday, the conversation around his contract and future with the team continues to be a topic of interest.
Looking Ahead
Seattle’s strategic choices reflect their aim to balance talent retention with necessary financial adjustments. Although they bypassed selecting a quarterback in the recent draft, their trade for Sam Howell and signing of PJ Walker show a preparedness to bolster their roster without undermining Smith's role. As the situation develops, the team's management appears ready to adapt and negotiate, with hints of a future meeting at the negotiating table next year.
The Seahawks are projected to have the 11th overall pick in the 2025 draft according to sportsbook odds. This projection opens avenues for potential roster enhancements, provided the team navigates their cap situation effectively. Geno Smith’s performance and leadership will undeniably influence the franchise’s decisions moving forward.
"Still getting better," Smith says, a sentiment that resonates with the Seahawks' belief in his abilities. The organization’s commitment to Smith, coupled with strategic roster moves, signifies a clear statement: Seattle is investing in present and future success, with Geno Smith at the helm.