Seahawks fans have been waiting all week to learn the cap implications of Geno Smith’s new contract. Here we go.
Signing Bonus: $26.1M 2025 Base Salary: $14.8M As for what that all means in terms of his cap hits, his base cap hits before any incentives are as follows:Of note, the Seahawks are able to walk away from the contract after just a single season, however, doing so would result in $17.4M in dead money in 2024. To head off the question before it is asked, it is not possible to reduce that dead cap hit through the use of a post-June 1 designation.
, meaning depending upon his on field production the 2024 and 2025 cap hits could bloat to $46.2M and $48.7M, respectively. In any case, Geno’s 2023 cap hit is certainly low enough that the team could still be active in free agency, depending upon how aggressive they would like to be. Now it’s a matter of waiting until next week to see what the team does in free agency.
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