Last March, the Seattle Seahawks doubled down on their belief in quarterback Geno Smith, inking him to a three-year extension worth $25 million annually, with a significant $40 million fully guaranteed. This deal places Smith as the 20th highest-paid quarterback in the NFL based on average annual value (AAV), a ranking that underscores both his value and the Seahawks' commitment to their veteran signal-caller.
In a season where quarterback contracts continue to balloon, Seattle’s decision to retain Smith for the 2024 season, guaranteeing $12.7 million, reflects a calculated choice. The Seahawks could have opted for a $14 million potential cap savings by releasing him, but instead chose stability at the quarterback position. This move aligns closely with their offseason strategy, which notably included trading for Sam Howell and signing PJ Walker instead of drafting a new quarterback.
Smith's On-Field Performance
Geno Smith’s performance in the 2022 season was nothing short of impressive, leading the league with a 69.8% completion rate, throwing for 4,282 yards, 30 touchdowns against 11 interceptions, and steering the Seahawks to a 9-8 record that secured a playoff berth. His efforts were rightfully recognized with a Pro Bowl selection.
The 2023 season saw Smith maintaining his high level of play, amassing 3,624 passing yards, 20 touchdowns, and 9 interceptions, guiding Seattle to an 8-7 record and earning yet another Pro Bowl honor. Smith’s dependable presence and leadership have not only been pivotal on the field but also in the locker room, as the Seahawks navigate the complexities of remaining competitive in the ever-evolving NFL landscape.
Challenges and Strategic Decisions
As Smith approaches his 34th birthday, the Seahawks face substantial financial challenges. According to OverTheCap.com, Seattle stands $25.6 million over the salary cap for 2025. This budgetary pressure has prompted discussions around crafting an incentive package for Smith, a measure that could provide the team some fiscal relief while still rewarding their seasoned quarterback for his performance.
The Seahawks' strategic choices, including their decision to bypass selecting a quarterback in the draft and instead bring in additional talent through trades and signings, reflect a broader vision geared towards immediate competitiveness. The addition of Sam Howell and PJ Walker offers reliable backups and potential future starters, presenting a balanced approach to roster management.
Future Outlook
With sportsbook odds projecting Seattle to have the 11th overall pick in the 2025 draft, the team’s future hinges on both their draft strategy and their ability to navigate the salary cap constraints. Smith’s comment, "Still getting better," encapsulates his mindset and ongoing commitment to improvement, a reassuring sentiment for the Seahawks faithful.
Reflecting the confidence of both the player and the franchise, there's a mutual sentiment of optimism encapsulated by the article’s author: "Let's meet at the negotiating table next year." Smith’s consistent performance and leadership ensure that when the time comes, Seattle will be well-prepared to engage in discussions that extend beyond mere financial considerations, focusing on sustaining their competitive edge in the seasons to come.