Last March, the Seattle Seahawks reaffirmed their commitment to quarterback Geno Smith, securing his services with a three-year contract extension. The deal, averaging $25 million per season with $40 million fully guaranteed, underscores the team's belief in Smith's capabilities.
Smith's contract places him as the 20th highest-paid quarterback in the NFL in terms of average annual value (AAV). This decision highlights the Seahawks' confidence in his ability to lead the franchise, a sentiment that has been backed by his on-field performance.
Smith's Impact on the Field
Smith's impressive 2022 season was a testament to his growth and consistency as a quarterback. Leading the league with a 69.8% completion rate, he threw for 4,282 yards, 30 touchdowns, and only 11 interceptions. These efforts guided the Seahawks to a 9-8 record, clinching a playoff berth and earning Smith a well-deserved Pro Bowl selection.
The following season in 2023, Smith continued to show his prowess, amassing 3,624 yards, 20 touchdowns, and 9 interceptions. His performance earned him another Pro Bowl nod, despite the team's slightly diminished 8-7 record. These back-to-back Pro Bowl invitations reflect Smith's stature in the league and affirm his statement that he's "still getting better."
Seahawks' Roster Decisions
The Seahawks' choice to extend Smith for the 2024 season, thereby guaranteeing $12.7 million to retain him, came at the cost of a potential $14 million cap saving had they opted for his release. This move illustrates the team's prioritization of stability and experience at the quarterback position.
In a parallel strategic decision, Seattle refrained from drafting a quarterback, opting instead to trade for Sam Howell and sign PJ Walker. This indicates their immediate trust in Smith while also potentially grooming future options without the high pressure of a first-round pick situation.
Financial Strategies and Future Prospects
The Seahawks are facing significant financial challenges, as they find themselves $25.6 million over the salary cap for 2025, according to OverTheCap.com. To manage this financial strain, there have been discussions about crafting an incentive package for Smith this year. Such a package could mitigate the cap impact while still rewarding Smith for his continued contributions and performances.
Looking further into the future, Seattle is projected to have the 11th overall pick in the 2025 draft, based on sportsbook odds. This draft position could provide the Seahawks with valuable opportunities to address key team needs or possibly even select a quarterback to eventually succeed Smith as he approaches his 34th birthday.
The sentiment of meeting "at the negotiating table next year," implies potential upcoming contract negotiations or restructuring to further align Smith’s compensation with his performance and the team’s financial landscape.
Conclusion
The Seahawks' recent maneuvers encapsulate a strategic blend of honoring proven talent while planning for future financial and roster flexibility. Geno Smith, amidst these calculations, remains a pivotal figure whose performance and veteran leadership will be crucial as the franchise navigates its forthcoming seasons.