Post by brasilbear on Mar 7, 2023 13:32:37 GMT -6
Contract numbers for Gino for profootballtalk: profootballtalk.nbcsports.com/2023/03/07/geno-smiths-base-deal-is-three-years-75-million/
"Then came the Geno Smith deal. Three years, $105 million! As Mike Garafolo of NFL Media has reported, and as PFT has confirmed, it’s three years, $75 million, with a whopping $30 million in incentives.
The triggers aren’t yet known. They’ll say plenty about how much of the extra money he’s likely to actually earn.
The deal also has $40 million fully guaranteed at signing, with base cash flow of $28 million in 2023, $22 million in 2024, and $25 million in 2025.
We’re waiting for the full and complete details. The basic information suggests that the guarantee applies to all of 2023, with another $12 million guaranteed in 2024.
That makes it a two-year, $50 million deal (plus incentives). It also means the Seahawks could potentially move on after one season. They’d owe $12 million for 2024; possibly, he’d get that much (or close to it) on the open market, offsetting Seattle’s obligation."
Just for reference.
Seattle obviously doesn't believe in Geno that much either otherwise they'd be locking him down long-term and paying $35m+ a year.
Good signing for Geno, he gets $40m up front. Good signing for Seattle, they aren't tied down to a mid-tier QB.
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edit: profootballtalk.nbcsports.com/2023/03/07/pete-carroll-geno-smith-extension-wont-prevent-us-from-drafting-a-qb/
"But armed with the No. 5 overall pick from the Broncos via the Russell Wilson trade, Seattle is not necessarily out of the quarterback market.
Head coach Pete Carroll said as much during his Tuesday interview with Seattle Sports 710 AM.
“That opportunity is absolutely there,” Carroll said, via John Boyle of the team’s website. “When you’re at five, this is different than what we’re used to seeing.”
Carroll also noted he’s not concerned about how it would affect Smith if the club ended up drafting a quarterback with the fifth overall pick.
“Whatever we do, he’s going to take it in stride,” Carroll said, via Michael-Shawn Dugar of TheAthletic.com. “He’s not going to worry about anybody.”"