The Las Vegas Raiders acquired quarterback Geno Smith from the Seattle Seahawks in an offseason trade. The organization is making it clear the veteran is set to be the team's starting quarterback for years to come.
The Raiders signed Smith to a two-year extension Thursday, according to multiple reports. The deal will tie Smith with Derek Carr to be the 16th-highest-paid quarterback in terms of average annual value (AAV), per OverTheCap.com.
Smith's extension comes on the heels of a difficult 2024 season for the Raiders. They posted a record of 4-13 and saw their starting quarterbacks – Gardner Minshew, Aidan O'Connell and Desmond Ridder – post a combined passer rating of 80.05.
Smith will serve as an upgrade for the Raiders, but are they overpaying for him ahead of his 35-year-old season? USA TODAY Sports takes a look at Smith's new contract and grades the move for the Raiders.
Geno Smith contract details
Smith inked a two-year extension with the Raiders less than a month after joining the team. Below are the terms of the deal, per ESPN's Adam Schefter.
- Term: 2 years
- Total value: $75 million
- AAV: $37.5 million
- Guaranteed money: $66.5 million
The total value of Smith's two-year extension can be worth up to $88.5 million if he hits specific incentives.
Smith had one year remaining on the three-year, $75 million extension he signed with the Seahawks following his Pro Bowl 2022 season. As such, he is now poised to make over $100 million with the Raiders; he had $30 million remaining on the deal he signed with the Seahawks, per OverTheCap.com.
