Seahawks Create Cap Space by Restructuring Geno Smith’s Contract

A week after reporters said the Seahawks decided to allow Geno Smith to collect his full guarantee, Seattle created cap space by restructuring his contact.

The Seahawks restructured Smith’s contract, converting his $9.6 million roster bonus into a signing bonus and creating $4.8 million in 2024 cap space, per ESPN’s Field Yates.

The Seahawks have restructured the contract of QB Geno Smith, converting his $9.6M roster bonus into a signing bonus and creating $4.8M in 2024 cap space, per source.

— Field Yates (@FieldYates) February 22, 2024

Smith finished the season with 3,624 yards passing, 21 total touchdowns and nine interceptions. Smith also completed 64.7% of his passes in 15 games. Smith’s efforts this season earned him a Pro Bowl invitation for a second straight year. Last year, Smith won the NFL Comeback Player of the Year award with over 4,000 passing yards and 30 touchdowns.

Even though Smith’s season was a drop in production and success from his remarkable comeback story of the year before, Smith still kept the Seahawks in playoff contention until the last week of the regular season.

In typical Geno Smith fashion, he kept his season in perspective after the season finale despite missing the playoffs.

“Circumstances shouldn’t dictate your mood or your effort. We fight no matter what,” Smith said after Seattle’s 21-20 victory over the Arizona Cardinals. Smith was responding to a question about how he stayed motivated after learning his team no longer had a chance to return to the postseason.

For a related story, Smith detailed what his second Pro Bowl experience means to him.

Geno Smith Thankful for Second Straight Pro Bowl Experience