Geno Smith contract details: Seahawks’ QB inks incentive-laden contract extension

On Monday, the Seattle Seahawks introduced that quarterback Geno Smith had agreed to a three-year contract extension that’s reportedly worth up to $105 million. Smith’s Common Annual Worth (AAV) of $35 million per 12 months places him in Kirk Cousins and Derek Carr territory, however there’s a caveat!

NFL Community’s Mike Garafolo has some further particulars on Smith’s contract, which is basically $25 million a season and the incentives would make up the remaining $30 million, therefore you get a $35 million AAV.

After all, if Geno doesn’t meet these incentives (which may entail Pro Bowl alternatives, statistical milestones, playoff appearances, and many others. like his 2022 deal) then the contract finally ends up being a bit cheaper and certain simpler to get out of if issues go south. If he hits these incentives, then that is tremendous news for Seahawks fans because that means Geno would be continuing his high-level play and Seattle would probably be a playoff-caliber team. We’ll discover out the true cap hits and different key particulars in due time.

The massive factor is that the contract is basically 3/$75 and never 3/$105, so the AAV is only a little bit of semantics. That is as team-friendly because it will get, and if Geno may even barely enhance upon his 2022 season then this deal will appear like an absolute gem for John Schneider and firm. It’s additionally low-cost sufficient that the concept of the Seahawks drafting Geno’s successor at quarterback subsequent month isn’t utterly off the desk.

If even (successfully) $25 million per 12 months is an excessive amount of so that you can deal with, then presumably you wouldn’t have supported re-signing Geno at any affordable fee in any way.