The final step in the Raiders acquiring Geno Smith in trade with the Seahawks was to sign him to a contract extension. The prevailing thinking was that Smith would command a fairly hefty salary based on the fact that the Seahawks brass said they had offered him a deal that would put him among the league's better starting quarterbacks.
In order to be paid as a top 15 QB, Smith would have to make an average of around $45 million per season. And some believed the Seahawks offered him something close to that and he turned it down.