Last March, the Seattle Seahawks reaffirmed their belief in quarterback Geno Smith by awarding him a three-year contract extension worth $25 million per season, accompanied by $40 million in guaranteed money. This move came after a stellar 2022 season where Smith emerged as a top quarterback, leading the NFL with a 69.8% completion rate, throwing for 4,282 yards, 30 touchdowns, and 11 interceptions. His performance was instrumental in guiding the Seahawks to a 9-8 record and a playoff berth, earning him a well-deserved spot in the Pro Bowl.
Smith's current contract positions him as the 20th highest-paid quarterback in the NFL based on average annual value (AAV). For the 2024 season, the Seahawks have committed to retaining Smith by guaranteeing $12.7 million to keep him on their roster. This decision, however, came at the expense of a potential $14 million in cap savings had they chosen to release him.
Offseason Moves
In a move reflective of their confidence in Smith, the Seahawks chose not to pursue a quarterback in the draft. Instead, they bolstered their roster by trading for Sam Howell and signing PJ Walker. These offseason moves indicate a strategic focus on maintaining depth and competition at the quarterback position, giving the team multiple options while not diminishing Smith's role as the starter.
Performance and Future Plans
Smith continued his commendable performance into the 2023 season, throwing for 3,624 yards, 20 touchdowns, and 9 interceptions. He led the Seahawks to an 8-7 record and once again earned Pro Bowl honors. As Smith approaches his 34th birthday, he unwaveringly asserts his dedication to continual improvement. As he put it succinctly, he is "still getting better."
With the team currently $25.6 million over the salary cap for 2025, according to OverTheCap.com, the Seahawks face financial constraints that necessitate creative solutions. One idea that has been floated is crafting an incentive package for Smith this year, which could provide the team with necessary financial flexibility while rewarding Smith for continued excellence on the field.
Looking Ahead to the Draft
Seattle is projected to have the 11th overall pick in the 2025 draft based on current sportsbook odds. This pick could provide an opportunity for the Seahawks to address other critical positions or potentially secure a young quarterback to groom under Smith's tutelage. The sentiment among observers is one of cautious optimism, with a recognition of the need to balance immediate performance with long-term strategic planning.
In conclusion, the Seahawks' commitment to Geno Smith is evident through their financial investment and strategic roster moves. Despite the challenges posed by salary cap limitations, the flexibility offered by potential incentive packages and their upcoming draft positioning provide avenues for continued success. As Geno Smith himself articulates, he remains committed to improvement, and for the Seahawks, the negotiating table next year will be an important place to solidify their plans for sustained competitiveness. “Let’s meet at the negotiating table next year,” seems to encapsulate the team's forward-looking approach as they navigate the intricate dynamics of NFL roster management.