Last March, the Seattle Seahawks solidified their confidence in quarterback Geno Smith by signing him to a three-year extension worth $25 million per season, with $40 million fully guaranteed. This strategic move positioned Smith as the 20th highest-paid quarterback in the NFL based on average annual value (AAV), reflecting the franchise's belief in his abilities to lead and perform under pressure.
Smith's renewed contract carries more than just a hefty price tag; it signifies the Seahawks' commitment to stability at the quarterback position. By retaining Smith for the 2024 season with $12.7 million guaranteed, Seattle chose continuity over potential cap savings. Had they released him, the franchise could have trimmed $14 million from their salary cap. Instead, the Seahawks doubled down on their veteran quarterback, a decision underscored by their actions in the draft and free agency.
Opting to bypass selecting a new quarterback in the draft, Seattle traded for Sam Howell and brought PJ Walker onboard. This decision indicates a clear direction from the Seahawks' management, emphasizing their faith in Smith while bolstering depth with experienced backups.
Smith's performance in the 2022 season lent credence to Seattle's financial gamble. Leading the league with an impressive 69.8% completion rate, Smith threw for 4,282 yards, 30 touchdowns, and 11 interceptions. His leadership on the field guided the Seahawks to a 9-8 record and a berth in the playoffs, earning him a spot in the Pro Bowl—a noteworthy accolade signaling his elite status among peers.
The 2023 season saw Smith maintaining his high standards, with 3,624 passing yards, 20 touchdowns, and 9 interceptions, leading the Seahawks to an 8-7 record and another Pro Bowl selection. As he approaches his 34th birthday, Smith's consistency and resilience continue to evoke confidence. "Still getting better," he remarked, a testament to his unwavering drive to improve and excel.
Yet, the future brings financial challenges. According to OverTheCap.com, the Seahawks are projected to be $25.6 million over the salary cap for 2025. This looming financial predicament has sparked discussions of crafting an incentive package for Smith, a potential solution aiming to balance performance rewards with salary cap management.
Looking to the future, Seattle is projected to have the 11th overall pick in the 2025 draft based on current sportsbook odds. This high draft position may provide the team with opportunities to enhance their roster further, whether by selecting young talent or leveraging the pick for strategic trades.
The sentiment around Smith's contract and the Seahawks' future financial strategy is summed up with anticipation. "Let's meet at the negotiating table next year," captures the ongoing dialogue and the forward-looking approach of the franchise. It's a narrative of calculated risks, reward, and a quarterback who continues to prove his worth on the field.
As the Seahawks navigate the tightrope of salary cap constraints and competitive aspirations, Geno Smith remains a central figure in their quest for success. His journey with the team, punctuated by personal achievements and pivotal games, will undoubtedly be a storyline worth following in the seasons to come.