On Monday the Seattle Seahawks announced that quarterback Geno Smith had agreed to a three-year contract extension that’s reportedly worth up to $105 million. Smith’s Average Annual Value (AAV) of $35 million per year puts him in Kirk Cousins and Derek Carr territory, but there’s a caveat!
NFL Network’s Mike Garafolo has some additional details on Smith’s contract, which is really $25 million a season and the incentives would make up the remaining $30 million, hence you get a $35 million AAV.
The #Seahawks’ deal with Geno Smith has a base value of $25 million per season (three years, $75 million) with $40 million fully guaranteed at signing, sources say.