The Seattle Seahawks are poised to enter discussions regarding a potential contract extension for quarterback Geno Smith, whose impressive performance in the 2024 season has solidified his position within the team. With a record of 10-7 and nine game-winning drives, Smith has demonstrated his capability as a leading quarterback. His current contract, however, has a significant cap number of $44.5 million, which recently increased by $6 million due to escalators.
As the Seahawks navigate the complexities of their salary cap situation, they are expected to rework Smith's contract to make it more cap-friendly. This week, Smith's agent is scheduled to meet with Seahawks general manager John Schneider to discuss the future of the quarterback's contract. Schneider indicated that while there is no hard deadline for an extension, achieving an agreement before free agency would be ideal.
Smith's current average salary of $25 million per year ranks him 19th among quarterbacks, a figure that many analysts believe does not reflect his recent performance. At 34 years old, Smith ranks 21st in Quarterback Rating (QBR) over the past two seasons, but his leadership on the field has become increasingly invaluable to the Seahawks.
Despite the positive trajectory of his career, the Seahawks are prepared to offer Smith a reasonable raise without necessarily meeting top-market value expectations. Schneider hinted that if negotiations do not yield favorable results, the team may opt to let Smith play out the final year of his contract or even explore trade options.
"I'd love to announce it right now, that we're rolling and Geno's extended and I'd stop getting the question, absolutely," – coach Mike Macdonald
This comment from head coach Mike Macdonald underscores the urgency surrounding Smith's contract situation. He acknowledged facing repeated inquiries about Smith's future with the team, further emphasizing the importance of timely discussions.
The Seahawks currently do not have a clear alternative to Smith. Backup quarterback Sam Howell has struggled in previous performances, including a lackluster showing last offseason and during a relief appearance in December. Howell's inconsistency raises concerns about his viability as a replacement option heading into the 2025 season.
With Smith's contract featuring a $16 million bonus contingent upon his continued presence on the roster beyond March 16, both parties are incentivized to reach an agreement soon. Such an extension could resemble Baker Mayfield's recent three-year, $100 million deal with the Tampa Bay Buccaneers, which may serve as a framework for negotiations.
"I've gotten that question a lot. I've answered it pretty consistently," – coach Mike Macdonald
Macdonald's acknowledgment of the frequent inquiries reflects the prevailing uncertainty surrounding Smith's future with the franchise. The Seahawks have expressed their willingness to negotiate fairly while considering their overall salary cap constraints.
In essence, if an extension cannot be agreed upon, Schneider suggested that exploring trade opportunities could be on the table. This scenario highlights the delicate balancing act the Seahawks must perform as they evaluate their options regarding Smith's future.
Furthermore, as discussions around Smith continue, other team matters are also at play. The Seahawks are expected to retain linebacker Bobby Wagner, whose release was initially expected to coincide with news of Russell Wilson's trade to Denver. This decision indicates a broader strategy as the franchise looks to solidify its roster while navigating salary cap implications.
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