PFF: Geno Smith deal in the running for best offseason signing

That makes Smith’s contract arguably the best bargain on the market so far.

Pro Football Focus has released a list of the best signings so far in the NFL’s 2023 free agency period. One of the items that made the list was the Seahawks and their super team-friendly deal with quarterback Geno Smith.

PFF was projecting that Smith’s contract would be a legit three years, $105 million. While that’s the total potential value, Smith would have to reach all his incentives three years in a row to actually reach that amount. In truth, Geno’s new deal is for only $25 million per season and he only got $40 million guaranteed, whereas PFF had projected $72.5 million guaranteed.

That gap makes Smith’s contract arguably the best bargain on the market in 2023. Here’s what they had to say about the deal.

“This deal obviously got done before free agency even began, but it will be in the running for the signing of the offseason. The league has been devoid of any true mid-tier contracts at quarterback — as evidenced by the Daniel Jones deal above and the Derek Carr deal below — but this contract legitimately fits that description for a quality starting quarterback… We underestimated the lack of leverage Geno Smith had in negotiations, with roughly $17 million in career earnings to date and a flooded quarterback market this offseason potentially limiting his options, and Seattle took full advantage.”

The lack of leverage for Smith was indeed an often overlooked point during the negotiation phase. Seattle’s No. 5 overall pick was the heaviest part, but Smith’s age (he’s 32), the QB market and his small sample size of strong play all weighed against him – helping Seattle score a massive win before free agency began.

Smith’s sudden ascension, pair with the team’s surprise success in the 2022 NFL draft have put them in position to become a contender. Another strong offseason will make them legitimately dangerous.

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Geno Smith contract details show Seahawks got major discount

That’s a bargain on paper, but the details make it even sweeter.

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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Bargain deal with Geno Smith shouldn’t stop Seahawks from drafting QB

If he continues to perform the way he did in 2022, then this new contract is an absolute steal.

In the end, all the concern trolling about Geno Smith getting massively overpaid was overhyped. Today the Seahawks made Smith their new franchise quarterback, agreeing to a three-year deal worth a total of $105 million, according to NFL Network.

That represents a bargain in the current quarterback market, where apparently Derek Carr is worth $100 million guaranteed and Daniel Jones is somehow convinced he’s worth over $40 million per season.

As for Smith, his performance was impressive enough to land him in firm top-10 quarterback territory. If not for a second half that was marred by turnover issues Smith might have even cracked the top five.

If he continues to perform the way he did in 2022, then this new contract is an absolute steal.

Geno’s value is no longer in question – this is a team-friendly deal for a very good quarterback who could lead them to playoff wins in the near future if the rest of this offseason proves as fruitful.

The real question now is if Seattle is safisfied enough with Smith to pass on a very strong class of quarterbacks in the draft while armed with the No. 5 overall pick.

After the 2023 NFL Scouting Combine, four clear favorites have emerged at the top of this class: Alabama’s Bryce Young, Ohio State’s C.J. Stroud, Kentucky’s Will Levis and Florida’s Anthony Richardson. If any one of them are available (especially Richardson) when the Seahawks are on the clock they’ll have to seriously consider taking them, no matter what they may think of Smith.

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Geno Smith’s three-year, $105 million deal is the latest step in a remarkable journey

Geno Smith never wavered in the face of a downward trend that saw his NFL career nearly end. On Monday, he was rewarded for his persistence.

If you listened to Seahawks head coach Pete Carroll and general manager John Schneider at the scouting combine last week, you probably knew it was coming.

That said, if you know Geno Smith’s history, and even if you watched his remarkable 2022 season, in which he won Comeback Player of the Year, you might still be surprised by Monday’s news that Smith inked a new three-year, $105 million contract to be Seattle’s franchise quarterback.

Because none of this was guaranteed. After the Seahawks traded Russell Wilson to the Broncos in March, and got quarterback Drew Lock in return along with two other players and a windfall of draft picks, all Smith was told was that he would have the opportunity to compete with Lock for the starting job in the 2022 preseason.

That was it. No guarantees for a guy who had disappointed, and been disappointed, along every stop in his NFL journey before this one.

But Smith took it by the horns, won the job, and radically outperformed everybody’s expectations but his own in a season where he completed 424 of 607 passes for 4,535 yards, 32 touchdowns, 12 interceptions, and a passer rating of 100.8. He finished ninth in Football Outsiders’ season-cumulative DYAR metric among qualifying quarterbacks, and 12th in FO’s per-play DVOA metric, having never finished higher than 30th in either one before.

Selected in the second round of the 2013 draft out of West Virginia, Smith had two passable seasons as Gang Green’s starter before everything started to fall apart.

In August, 2015, Smith was involved in an altercation with Jets defensive end IK Enemkpali, which prevented Smith from starting the season. Ryan Fitzpatrick started that season strong, so new head coach Todd Bowles decided to keep Fitzpatrick in that role, even when Smith returned.

Smith didn’t get his next legitimate chance to start for the Jets until Week 7 of the 2016 season against the Baltimore Ravens. He suffered a torn ACL in that game, was lost for the rest of the season, and that was the end of his time with the Jets.

Smith signed with the New York Giants before the 2017 season, and outside of a weird time when he replaced Eli Manning as the team’s starter for a short time (this made him the first Black quarterback to start for the Giants, and it meant that every NFL team had finally had a Black starting quarterback at any time in their histories), he was seemingly doomed forever to the role of backup. That extended through his time with the San Diego Chargers in 2018, when he completed one pass on four attempts for eight yards.

Smith then signed with the Seahawks before the 2019 season, and competed with Paxton Lynch for the job of backup behind Russell Wilson. He was actually released and re-signed at one point, and didn’t take a single snap with Seattle that season. He completed four of five passes for 33 yards in the 2020 season, and finally got his first chances as a starter when Wilson suffered a finger injury in 2021. Then, he completed 65 of 95 passes for 702 yards, five touchdowns, one interception, and a passer rating of 103.0.

Behind the scenes, Smith had become an entirely different and better quarterback, with no guarantee that it would ever pay off.

But at the end of that season, he had firmly established himself as the leader of the team. Smith knew it, all the players knew it, and Carroll and Schneider knew it. The only question was, what to do now — take a risk on the open market and let Smith test the waters, or lock him up to the contract he had finally earned?

The answer, just as it was last week at the combine, was crystal clear.

“It’s a great story now,” Carroll said, when asked why so many other quarterbacks who have the bad side of Smith’s story never see the good side. “There’s other guys that can do the same thing. They get lost and they’re out of the league, and you don’t see him again, there’s so many quarterbacks. We look at the success rate of the quarterbacks coming in and the first rounders and all of that. It’s a startling realization of how many guys don’t make it. Who’s to say? You know, some of those guys make it through Year 4 or 5 or 6 and they hang with the club, you knew that they had enough ability, but you just couldn’t see it come to life, that maybe we have given up on guys too soon. Some of that is themselves too. They have to maintain that connection to the belief in themselves.

“Geno was a remarkable illustration of that. He never wavered. And he expected to win the job, he expected to make the comp, he expected to be successful, he expected to be where he is right now. That’s all part of it. That’s the mental side he brought. I’m not saying everybody’s gonna be like Geno. But that opportunity is certainly there. I think It’s important.”

It is important, and now, Smith has earned his just reward for proving every single doubter wrong.

Watch Geno Smith’s best dime throws during the 2022 season

No QB can play at a perfect level the entire season, but when Smith was on he was ON.

Seahawks quarterback Geno Smith may have been the biggest surprise of the entire 2022 NFL season. For the first five weeks of the year he was throwing like a legitimate MVP candidate. In the end, he finished with a top-10 kind of performance and won himself the Comeback Player of the Year award.

No QB can play at a perfect level the entire season, but when Smith was on he was ON. Here’s a great highlight reel of Smith’s best dimes of the year.

Smith ended the season with 30 touchdown passes, a new franchise record 4,282 yards and a league-best 69.9% completion percentage.

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Marcus Spears: Last year was ‘not a fluke’ for Seahawks QB Geno Smith

Spears says Seattle should stick with Smith as their long-term starter unless they’re blown away by one of the QBs in the 2023 NFL draft class.

Geno Smith should be starting for the Seahawks at quarterback Week 1 next season. That’s what former NFL player and current ESPN analyst Marcus Spears thinks, in any case.

Spears says Seattle should stick with Smith as their long-term starter unless they’re blown away by one of the QBs in the 2023 NFL draft class. Watch.

Spears is right, but the devil is in the details.

We agree that Smith should be the starter for now, but does that mean they should pass on a strong quarterback class? Also, for how much and for how long should Geno be inked in as the Seahawks’ QB1?

The absolute basement for the ongoing contract talks is the value for the franchise tag – which is pegged at a little under $32.5 million for quarterbacks this year. Both parties stand to benefit from avoiding that, though. For one thing, tagging Smith would be terrible for Seattle’s cap situation this year. At the moment they only have around $31 million in total cap space for the season, so they couldn’t afford to tag Smith and also sign their rookie class without making some serious cuts.

Smith can also make a lot more guaranteed money (which is all that really matters to players) if he comes to a longer-term deal with the Seahawks. His signing bonus alone is likely to be at least $50 million. As far as annual average goes, Smith’s fair market value is somewhere in the $40 million per season range. If Seattle’s won’t go there number isn’t too far from that, both sides should be able to work something out relatively soon.

For now, both sides say that the negotiations are going well.

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Geno Smith market value: How much is he really worth?

The Seahawks want Geno Smith back. At least that’s what Pete Carroll and John Schneider are saying in public.

The Seahawks want Geno Smith back. At least that’s what Pete Carroll and John Schneider are saying in public. Last offseason fans learned that we can’t always take what they say at face value – especially regarding their plans at quarterback. However, for now we will assume they’re telling the truth and do plan to bring Smith back for 2023 and possibly beyond.

The question now is how much he’s really worth. $30 million per year seems to be the popular dividing line between what fans are willing to accept and what they feel is too expensive. Richard Sherman says if Smith gets less than that it would be a travesty given how Smith performed this year.

That figure is too low, though. Remember – even game manager quarterbacks are making around/above $35 million per season now – and Smith has proven he has a higher ceiling than the likes of Derek Carr and Kirk Cousins – who are two of his closest market value comps.

Our best guess is that Smith’s people will go into negotiations demanding more but hoping to get $40 million annually – which would rank No. 10 at the position. Seattle will push for a lower figure, but for what it’s worth it’s pretty close to what Spotrac is projecting Smith’s value to be. They say Smith is worth $39.3 million per season and predict he will sign a two-year deal, totaling just under $78.66 million.

Two years seems like a fair sweet spot as far as the length of the contract. The actual dollar amounts – especially guaranteed money – is what will determine when and if a deal will get done.

According to NFL Network, Smith will be back next season one way or another. If that’s the case then Smith knows he can get at least what the franchise tag is worth for a quarterback. Over the Cap is projecting it will be worth $32.445 million in 2023.

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Seahawks expected to offer ‘long-term’ contract to Geno Smith after season

According to a report by Ian Rapoport at NFL Network, the Seahawks are expected to offer quarterback Geno Smith a “long-term” contract after this season is over.

According to a report by Ian Rapoport at NFL Network, the Seahawks are expected to offer quarterback Geno Smith a “long-term” contract after this season is over.

Smith has definitely proven himself a worthy starter this season – in fact he’s been playing at a top-five level. The only question here is what the definition of long-term means to Seattle, what it means to Smith, and if there’s room to meet somewhere in the middle.

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Geno Smith makes the hardest parts of quarterbacking look all too easy

Seahawks quarterback Geno Smith is a legitimate MVP candidate. Why? Because he makes the hardest things look all too easy.

Nobody in the NFL expected this. Except for Geno Smith.

Through the first half of the 2022 NFL season, the Seattle Seahawks’ starting quarterback has completed 207 of 283 passes for 2,199 yards, 15 touchdowns, four interceptions, and a passer rating of 107.2. Smith ranks fifth in the NFL in both DVOA and DYAR. His completion rate of 73.1%, if Smith is able to hold that up, would rank third in NFL history behind Drew Brees’ 74.4% in 2018, and 74.3% in 2019. Lest you think that high rate of efficiency means that the 10-year NFL veteran is just checking it down, Smith also leads the league with nine touchdown passes of 20 or more air yards.

Smith has become one of the NFL’s best, most complete, and most consistent quarterbacks, which is what nobody except Smith thought would happen. Since he was selected with the 39th overall pick in the second round of the 2013 draft out of West Virginia by the New York Jets, Smith had been far better-known for his failures than his successes.

But now? Smith, who’s on a one-year, $3.5 million deal with $500,000 guaranteed, is fully in the discussion as one of the most remarkable later-career quarterbacks in the history of professional football, right up there with Kurt Warner and Jim Plunkett. He has turned the Seahawks’ offense into something very much in his own image, and the city of Seattle has gone from wondering how long it would take its professional football team to replace Russell Wilson, to wondering who that Russell Wilson guy was in the first place.

“It’s amazing that everybody gets to see him and recognize him, and they have recognized him this quickly,” Seahawks head coach Pete Carroll said last Friday, soon after Smith was named NFC Offensive Player of the Month for October. “I mean, right out of the chutes in the first couple of weeks, everybody was talking about him and all, and he has just stacked one on top of another, and has played really solid football for us. We are really counting on him, and it’s a real honor for him to be recognized like that. When you are sitting there for three to four years, you are just waiting for that chance and just keep thinking, ‘Boom,’ sleep at night, and hoping you get an opportunity. If it doesn’t come, it doesn’t come, and finally when it does, you just kill it. It’s a beautiful thing. We just keep going, more days, and more stacking, and see what we can get done.”

Here’s what else Smith has gotten done: He is among the NFL’s best quarterbacks this season not only in the standard stats, but also in the metrics that indicate the hardest things for quarterbacks to get right to a high degree over a long period of time.

That’s where the Geno Smith story advances — it’s not about this or that thing, it’s about everything. Let’s dive into how Smith makes the hardest parts of quarterbacking look easy.

(All advanced metrics courtesy of Pro Football Focus, Sports Info Solutions, and Football Outsiders unless otherwise indicated). 

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