Geno Smith was rewarded for his stellar play in 2022 with a three-year extension worth up to $75 million, with $40 million guaranteed at signing, according to Mike Garafolo.
Smith will earn $28 million in the first year of the deal and has $30 million in incentives. Despite the extension, Pete Carroll stated Seattle is “totally connected” to the QBs in this year’s draft with the fifth overall pick.
This contract is a reward for Smith’s comeback player of the year season while remaining flexible, given Seattle’s position at the top of the 2023 draft. Smith certainly earned it, there is little doubt about that, but what does this mean for the 49ers?