Geno Smith, Raiders Reportedly Agree to $85.5M Contract Extension After Seahawks Trade

After acquiring Geno Smith to be their quarterback, the Las Vegas Raiders have rewarded him with a new contract.
Per NFL Network's Ian Rapoport, Smith has agreed to a two-year extension with the Raiders that will keep him under contract through 2027.
Smith's new deal is worth $85.5 million with $66.5 million guaranteed, according to Fox Sports' Jordan Schultz.
Any questions about the Raiders' plan at quarterback in 2025 were answered on March 7 when they agreed to a deal with the Seattle Seahawks for Smith. Las Vegas is sending a third-round pick back to Seattle in the trade.
The trade reunited Smith with new Raiders head coach Pete Carroll. They worked together for five seasons in Seattle from 2019 to '23.
Smith has credited the longtime coach with helping to resurrect his career, saying on NFL Films Presents in 2023 that Carroll instilled a "self-confidence" that helped him succeed when he was given the chance to start for the Seahawks after Russell Wilson was traded to the Denver Broncos.
Even though the trade didn't seem to be contingent on Smith getting a new contract, it always seemed like an inevitable outcome. He was entering the final season of his three-year, $75 million deal with the Seahawks signed in March 2023.
Per Over the Cap, Smith's $25 million average salary on his previous deal ranked 19th among all quarterbacks. He was sandwiched between Baker Mayfield ($33 million) and former Raiders starter Gardner Minshew ($12.5 million).
Minshew was released at the start of the new league year on March 12.
The Raiders entered this offseason trying to find an upgrade at quarterback. They made a strong push to trade for Matthew Stafford before he decided to remain with the Los Angeles Rams.
There was a possibility the Raiders could land a quarterback with the sixth pick in the 2025 draft, but acquiring Smith affords them the opportunity not to force the issue if they don't like the options available.
It also allows the Raiders to avoid a situation where they might feel pressured into trading up, especially at a point where they need as many draft assets as possible to infuse talent onto their roster.
Smith will help the Raiders close the gap between themselves and the other three teams in the AFC West. They were the only team in the division that didn't win at least 10 games in 2024 (4-13).
Trying to be competitive in the same division as the Kansas City Chiefs, Los Angeles Chargers and Denver Broncos is a Herculean task, but the Raiders have a terrific foundation in place now.
Maxx Crosby, fresh off signing the richest contract for a non-quarterback in NFL history, is arguably the best defensive player in the league. Brock Bowers was an All-Pro first-team selection at tight end after a historic rookie season.
Even though the Raiders offensive line isn't great, it's better than what Smith had to work with in Seattle last season.
Since becoming a full-time starter in 2022, Smith ranks fourth among all quarterbacks in passing yards (12,226) and eighth in touchdowns (71). His 4,320 passing yards last season would have been the most for a Raiders quarterback since 2021 when Derek Carr threw for 4,804 yards.
That was also the last time the Raiders made the playoffs. Smith will look to end that drought now that he's in Las Vegas and equipped with a brand new contract.