The Las Vegas Raiders have their quarterback of the immediate future in Geno Smith, and extending him beyond 2025 ensures he receives some run in that role.
However, getting a deal done should not disillusion the Raiders about their quarterback situation. Smith is entering his age-35 season this year, and the need for a long-term solution under center still looms in the distance. The Raiders gave themselves some breathing room, but they should not wait too long before answering the question on what the future holds.
The Raiders have been linked to almost every imaginable quarterback in this draft class, and another one has recently been added to the ranks.