Seahawks Restructure Geno Smith's Contract to Free Up Cap Space

The move, converting a roster bonus into a signing bonus, creates salary-cap flexibility for the 2024 season and solidifies Smith's role as the starting quarterback.

• The Seattle Seahawks have restructured quarterback Geno Smith's contract, turning a $9.6 million roster bonus into a signing bonus, creating $4.8 million in salary-cap space for 2024.
• The restructuring spreads the bonus over the next two seasons, reducing Smith's cap hit for 2024 from $31.2 million to $26.4 million, while increasing his 2025 cap hit to $38.5 million.
• Geno Smith's base salary of $12.7 million for 2024 became fully guaranteed on February 16, further indicating his secured position as the team's starting quarterback.
• Observers view the move as a commitment to Smith for the upcoming season, with potential implications for his long-term standing with the team.
• The Seahawks could still explore trade options for Smith, but the restructured contract makes it easier for another team to absorb his cap hit if traded.

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