Last March, the Seattle Seahawks made a decisive move by extending quarterback Geno Smith's contract for three years, valuing it at $25 million per season, with $40 million fully guaranteed. This bold commitment clearly indicated the franchise's confidence in Smith's abilities, despite the financial challenges it posed.
Geno Smith's Value to the Seahawks
Smith currently ranks as the 20th highest-paid quarterback in the NFL in terms of average annual value (AAV). Despite this mid-tier ranking, his performance on the field has exceeded expectations. In the 2022 season, Smith showcased exceptional skills by leading the league with a 69.8% completion rate, accumulating 4,282 yards, 30 touchdowns, and only 11 interceptions. His stellar play not only guided the Seahawks to a 9-8 record and a playoff berth but also earned him a spot in the Pro Bowl.
The following season, Smith continued to demonstrate his worth, throwing for 3,624 yards, 20 touchdowns, and 9 interceptions. His performance led to an 8-7 record for the team and another Pro Bowl selection. As Smith approaches his 34th birthday, it is evident that he is still a vital asset to the Seahawks. "Still getting better," Smith succinctly put it, encapsulating his drive and determination.
Financial Implications and Strategic Decisions
The Seahawks made a deliberate choice to secure Smith for the 2024 season, guaranteeing $12.7 million to keep him on the roster. This decision came at the expense of a potential $14 million cap savings, had they opted to release him. The Seahawks' front office also decided against drafting a new quarterback, instead trading for Sam Howell and signing PJ Walker. This move underscores their commitment to maintaining a stable and experienced quarterback lineup.
However, the Seahawks' financial outlook is not without its challenges. According to OverTheCap.com, the team is projected to be $25.6 million over the salary cap for 2025. One potential solution that has been floated is to craft an incentive package for Smith this year. This could provide some cap relief while rewarding Smith for his continued excellence and loyalty to the team.
Future Prospects
Looking ahead, the Seahawks have several strategic decisions to make. They are projected to have the 11th overall pick in the 2025 draft according to sportsbook odds. This position could provide the team with an opportunity to draft a young talent to eventually succeed Smith. However, the immediate focus remains on optimizing the current roster and financial situation.
Smith's recent performances and his Pro Bowl honors offer a promising outlook for the Seahawks. His consistent improvement and leadership qualities have been crucial for the team. As the article's author sentimentally puts it, "Let's meet at the negotiating table next year," suggesting that the Seahawks and Smith's relationship is far from over and that future negotiations are likely on the horizon.
In conclusion, the Seahawks' calculated decisions to retain Geno Smith, despite financial constraints, reflect their belief in his abilities and leadership. With Smith's continued improvement and the team's strategic maneuvers, the future seems promising for the Seahawks. As always, the upcoming seasons will reveal the outcomes of these calculated risks and decisions.