Geno Smith’s new contract explained
The Seattle Seahawks came into the offseason unsure about their quarterback situation. The Seahawks considered taking a quarterback in the first round of this year’s draft. News broke Monday the Seahawks were keeping the quarterback that led the team to the playoffs last season. More details have emerged Tuesday as to what is in Geno Smith’s new contract.
According to Mike Garafolo with the NFL Network, Smith will have a base value of $25 million for each of his three seasons with the Seahawks. $40 million of that will be fully guaranteed at Smithh’s signing. Smith will earn $28 million of that for the 2023 season. He will be able to make $30 million in incentives.
The #Seahawks’ deal with Geno Smith has a base value of $25 million per season (three years, $75 million) with $40 million fully guaranteed at signing, sources say.
Smith will earn $28 million in the first year of the deal. He has $30 million in incentives.
— Mike Garafolo (@MikeGarafolo) March 7, 2023
That’s a pretty good deal for Smith, who had been a Seahawks backup until Russell Wilson was traded to the Broncos. Smith excelled as a starter for the Seahawks last season. While $25 million a year is about $20 million short of what elite quarterbacks make these days, Smith has one good season to show in nine seasons in the NFL.
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