Seahawks Restructure Geno Smith's Contract

The Seattle Seahawks restructured quarterback Geno Smith's contract on Thursday, converting his $9.6 million roster bonus into a signing bonus and creating $4.8 million in 2024 salary cap space, according to a source. The Seahawks made the call to bring Smith back for the 2024 season when they decided to keep him on the roster in the middle of this month when his $12.7 million base salary became guaranteed. Seattle could move on from the 33-year-old veteran next year if he disappoints in 2024, as he won't have any guarantees in the final year of his deal. Smith regressed a bit after a career year in 2022 with the Seahawks, and he finished with 3,624 passing yards, 20 touchdowns and nine interceptions in 15 starts. Expecting him to return to his 2022 level would be foolish, although Smith can pass as a high-end QB2 as long as he stays healthy in 2024.