Geno Smith contract details show Seahawks got major discount

The Seahawks gave Geno Smith his third act in the NFL. He’s responded by agreeing to one heck of a discount on his new contract. Yesterday it was reported that Smith agreed to a three-year deal worth a total of $105 million. That’s a bargain on paper, but the details make it even sweeter.

According to a report by Mike Garafolo at NFL Network, Smith is only getting a total of $40 million fully guaranteed and the base value is just $25 million per season. He has a total of $30 million in incentives.

In a market where Derek Carr is getting $37.5 million annually and Daniel Jones’ people are pushing for more than $40 million per season this is an absolute grand slam of a steal by Seattle’s front office.

In order for this contract to go bad Smith would either have to suffer a career-ending injury this coming season or permanently regress to the type of quarterback he was early in his career with the Jets. If he continues playing at the top-10 level he did in 2022 this will become one of the most team-friendly contracts in the league.

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Story originally appeared on Seahawks Wire