Seahawks Create $4.8M Of Cap Room By Reworking Geno Smith’s Deal

Field Yates of ESPN reports that the Seahawks have restructured the contract of QB Geno Smith in recent days. 

According to Yates, Seattle specifically converted Smith’s $9.6 million roster bonus into a signing bonus, which in turn created $4.8 million of cap space for the team. 

Smith was due this roster bonus on March 18.

Smith, 33, is a former second-round pick of the Jets back in 2013. He played out the final year of his four-year, $5.019 million contract before signing a one-year contract worth $2 million with the Giants in 2017.

Smith signed a one-year deal with the Chargers for the 2018 season before joining the Seahawks in 2019. He returned on one-year deals each of the following three seasons before being named the starter in 2022. 

He signed a three-year extension with the Seahawks worth $105 million in March of last year. He’s entering the second year of his deal and is set to make a base salary of $12.7 million fully guaranteed, while he’ll bring in another $14.8 million base salary in 2025. 

In 2023, Smith appeared in 15 games and completed 64.7 percent of his passes for 3,624 yards, 20 touchdowns, and nine interceptions. He also recorded 37 rushing attempts for 155 yards and one touchdown.