A week after guaranteeing Geno Smith’s salary for the 2024 season, the Seattle Seahawks have restructured the starting quarterback’s contract.
Smith, who was due a $9.6 million roster bonus by March 18, will have that money converted into a signing bonus. ESPN’s Field Yates reports that half of that money will result in created cap space for this offseason.
The Seahawks have restructured the contract of QB Geno Smith, converting his $9.6M roster bonus into a signing bonus and creating $4.8M in 2024 cap space, per source.
— Field Yates (@FieldYates) February 22, 2024
Here’s what Seahawks GM John Schneider had to say about the decision on Seattle Sports 710.