It's a 3-year deal worth $105M for Geno Smith, source said. The deal is now done and agreed. https://t.co/EF0GLH768V
— Ian Rapoport (@RapSheet) March 6, 2023
According to Ian Rapoport at NFL Network, the Seattle Seahawks and quarterback Geno Smith have agreed to a new three-year contract worth a total of $105 million.
Smith – who is 31 years old – is coming off the best season of his career. He set a new franchise record for Seattle in passing yards with 4,282, led the league in completion percentage (69.9%) and posted 30 passing touchdowns. After it was over, Smith won the Comeback Player of the Year award. He also made his first Pro Bowl team.
Whether the team winds up picking a quarterback prospect in the 2023 NFL draft or not, Smith projects to be the starter for Seattle in Week 1.
It sounds like the two sides were in a hurry to get a deal done before tomorrow’s franchise tag deadline. Bob Condotta at the Seattle Times reports that talks intensified over the last couple of days.
Source confirms talks between Smith and Seahawks intensified the last few days with hope of getting deal done by tag deadline.
— Bob Condotta (@bcondotta) March 6, 2023
If they hadn’t been able to work out a long-term deal with Smith and instead had used the franchise tag, he would have cost them over $32 million in cap space this year. Smith’s three-year deal will no doubt have a far lower cap hit than that, freeing the front office up to improve their struggling defense.
