Last March, the Seattle Seahawks solidified their faith in quarterback Geno Smith with a decisive move: a three-year extension valued at $25 million annually, with $40 million fully guaranteed. This extension positioned Smith as the 20th highest-paid quarterback in the NFL in terms of average annual value (AAV), a significant recognition of his contributions and potential.
Commitment Over Cap Savings
The Seahawks' decision to retain Smith for the 2024 season came with a guaranteed $12.7 million, a choice that sacrificed a potential $14 million in cap savings had they opted for his release. This move underscores the franchise’s belief in Smith’s abilities and their commitment to building continuity within their roster.
In light of keeping Smith, the Seahawks also made strategic decisions during the off-season. Rather than selecting a quarterback in the draft, they traded for Sam Howell and signed PJ Walker, reinforcing their quarterback depth without significant cap implications.
Smith's Standout Seasons
Smith’s performance during the 2022 and 2023 seasons has been nothing short of remarkable. In 2022, he led the NFL with a 69.8% completion rate, throwing for 4,282 yards, 30 touchdowns, and 11 interceptions. His efforts guided the Seahawks to a 9-8 record and earned them a playoff berth. Smith’s exceptional season culminated in a Pro Bowl selection.
The following year, Smith maintained his high level of play, recording 3,624 passing yards, 20 touchdowns, and 9 interceptions. This performance helped Seattle achieve an 8-7 record and secured another Pro Bowl nod for the seasoned quarterback. As Smith nears his 34th birthday, he continues to demonstrate resilience and a commitment to excellence, clearly living by his words, "Still getting better."
Challenges Ahead for Seattle
Looking forward, Seattle faces some financial hurdles. The team is currently $25.6 million over the salary cap for the 2025 season, a figure that looms large as they strategize for the future. An inventive incentive package for Smith has been suggested as a possible fiscal solution to keep their cap manageable while rewarding Smith's contributions.
Additionally, the Seahawks are projected to have the 11th overall pick in the 2025 draft, according to sportsbook odds. This favorable draft position presents an opportunity for the team to potentially land a key player who could impact the roster immediately. Coupled with Smith’s leadership and performance, this could solidify the team’s competitive edge in the seasons ahead.
The Negotiating Table
The narrative surrounding Smith and the Seahawks includes a sentiment of future negotiations and continued improvement. With Smith’s own affirmation, "Let's meet at the negotiating table next year," there’s an air of anticipation about what the future holds for this enduring partnership. It suggests that both parties are open to reevaluating and potentially extending their collaboration, considering the mutual benefits and successes realized thus far.
As the 2025 season approaches, the Seahawks and Smith will need to navigate these financial and strategic challenges carefully. Their decisions will shape not only the immediate season but potentially the long-term trajectory of the franchise. With a seasoned Pro Bowl quarterback like Smith at the helm, the Seahawks have a strong foundation to build upon, aiming for continued success and stability in the competitive landscape of the NFL.