Newly acquired Las Vegas Raiders quarterback Geno Smith has reportedly "agreed to terms on a new deal to better compensate him," sources confirmed to NFL Network's Ian Rapoport on Thursday (April 3).
"Sources: The #Raiders and QB Geno Smith have agreed to terms on a new deal to better compensate him for his play after the blockbuster trade. Smith gets a 2-year extension in a deal done by @ChafieFields of @Wasserman. Las Vegas locks in its QB," Rapoport wrote on his X account. "It’s a 2-year, $85.5M max value extension with $66.5M guaranteed for Geno Smith."
Smith, 34, was acquired in a trade with the Seattle Seahawks last month in exchange for a third-round pick. The veteran quarterback had $31 million remaining on the $75 million contract he signed with the Seahawks during the 2023 offseason.
Smith threw for a career-best 4,320 yards, 21 touchdowns and 15 interceptions on 407 of 578 passing (a career-best 70.4 completion percentage), while leading Seattle to a 10-7 record, falling just shy of a playoff berth. The former West Virginia standout had a career renaissance with the Seahawks, winning the 2022 NFL Comeback Player of the Year award, the same year he led the NFL in completion percentage, and was selected to the Pro Bowl in 2022 and 2023.
Smith will be reunited with newly hired Raiders head coach Pete Carroll, who coached him during his five seasons with the Seahawks.