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The Seattle Seahawks have restructured the contract of quarterback Geno Smith, converting his $9.6 million roster bonus into a signing bonus and creating $4.8 million in 2024 salary cap space, a source told ESPN's Field Yates on Thursday.
With the restructure, the $9.6 million will be spread evenly over the next two seasons while his cap hit this season will drop from $31.2 million to $26.4 million. His 2025 cap hit escalates to $38.5 million, however.
Smith had been due the roster bonus on March 18.