Report: Seahawks restructure QB Geno Smith's contract

Field Level Media|published: Thu 22nd February, 20:08 2024

Jan 7, 2024; Glendale, Arizona, USA; Seattle Seahawks quarterback Geno Smith (7) reacts after the game against the Arizona Cardinals at State Farm Stadium. credits: Joe Camporeale-USA TODAY Sports

The Seattle Seahawks created $4.8 million in salary cap space by restructuring quarterback Geno Smith's contract, ESPN reported Thursday.

The Seahawks on Feb. 16 guaranteed Smith's $12.7 million salary for next season but have since converted a $9.6 million roster bonus due in mid-March into a signing bonus to be spread out over the next two seasons.

His cap hit in 2024 went from $31.2 million to $26.4 million — the 15th-highest in the league among quarterbacks — and the 2025 cap hit increased to $38.5 million, ESPN reported.

Smith, 33, had signed a three-year contract extension in March 2023.

The NFL Comeback Player of the Year in 2022, Smith has been steady at the position over the past two seasons for the Seahawks since replacing Russell Wilson as the starter. A Pro Bowl selection in both 2022 and 2023, he threw for 3,624 yards with 20 touchdowns and nine interceptions last season.

—Field Level Media