Last March, the Seattle Seahawks demonstrated substantial confidence in their quarterback, Geno Smith, by securing him with a three-year extension. This significant commitment, featuring an average annual value (AAV) of $25 million and $40 million fully guaranteed, clearly indicates how important Smith is to the franchise.
Despite this lucrative extension placing Smith as the 20th highest-paid quarterback based on AAV in the NFL, the Seahawks made financial sacrifices to keep their quarterback for the 2024 season. The decision guaranteed $12.7 million to Smith, a move favoring consistency over cap savings. Choosing to retain Smith cost the team a potential $14 million that could have been saved by releasing him.
A Season of Assurance
The offseason saw Seattle making key moves to reinforce their quarterback position, yet none involving a new draft pick. Instead, they traded for Sam Howell and brought PJ Walker onboard, further solidifying the belief in Smith's ability to lead the team. This vote of confidence comes on the back of two particularly productive seasons.
In 2022, Smith showcased his precision, leading the league with a remarkable 69.8% completion rate. His performance didn't end there. He passed for 4,282 yards, notched 30 touchdowns against 11 interceptions, and steered the Seahawks to a 9-8 record, earning a playoff berth. This outstanding season secured him a well-deserved Pro Bowl spot.
The subsequent 2023 season reinforced Smith's steady hand and dependability. He threw for 3,624 yards, 20 touchdowns, and nine interceptions, guiding the team to an 8-7 record and another Pro Bowl appearance. These back-to-back high-caliber seasons underline why the Seahawks remain invested in Smith as he approaches his 34th birthday.
Financial Strain and Future Strategy
Nevertheless, financial challenges loom large for the Seahawks. According to OverTheCap.com, the team is projected to be $25.6 million over the salary cap for 2025. This financial strain opens a window for innovative solutions, including the idea of crafting an incentive package for Smith to alleviate immediate cap concerns.
Moreover, the strategic decisions made now will affect the team's future, with Seattle projected to have the 11th overall pick in the 2025 draft according to sportsbook odds. This position affords the Seahawks potential flexibility to make impactful selections that can alter the team's trajectory for years to come.
Despite these looming financial constraints, the sentiment surrounding Smith within the organization and the media remains optimistic. Smith himself encapsulates this outlook with his assertion that he is "still getting better." This echoes the cautious optimism from pundits, who voice the need for meetings at the negotiating table next year to solidify plans that align both the team's financial health and competitive aspirations.
In summary, the Seahawks' commitment to Geno Smith reflects their belief in his ability to lead and perform at a high level. The combination of his past performance, demonstrated leadership, and the team's strategic maneuvers continues to paint a promising, albeit cautiously managed, future for both the player and the franchise.