Supply – Seahawks restructure Geno Smith’s contract for cap house

The Seattle Seahawks have restructured the contract of quarterback Geno Smith, changing his $9.6 million roster bonus right into a signing bonus and creating $4.8 million in 2024 wage cap house, a supply instructed ESPN’s Area Yates on Thursday.

The restructure will unfold the $9.6 million evenly over the subsequent two seasons, whereas his cap hit this season will drop from $31.2 million to $26.4 million. His 2025 cap hit escalates to $38.5 million, nonetheless.

Smith’s roster bonus would have initially been due March 18, however he’ll get the cash now as a result of restructured signing bonus. The Seahawks let a deadline cross earlier this month that allowed his $12.7 million base wage for 2024 to turn out to be totally assured. That cash was assured for damage solely on the time Smith signed his three-year, $75 million deal final March.

Smith made the Professional Bowl and received NFL Comeback Participant of the Yr in 2022 in his first season as Seattle’s full-time starter after spending a lot of the earlier seven seasons as a backup. He threw an NFL-record seven go-ahead landing passes within the fourth quarter and time beyond regulation in 2023 and posted the league’s greatest Complete QBR over the ultimate six weeks. However his numbers dipped throughout the board this previous season, together with 10 fewer landing passes (he additionally threw two fewer interceptions).

Smith completed seventh in Complete QBR in 2022 and 14th this previous season, making the Professional Bowl this month as an damage alternative.

Smith’s future with the Seahawks has appeared unsure after his up-and-down season and the latest shakeup in Seattle’s energy construction. Mike Macdonald changed Pete Carroll as coach whereas basic supervisor John Schneider was given last say on personnel issues, which used to belong to Carroll.

Data from ESPN’s Brady Henderson was used on this report.