CHAWK TALK: Everything being said about the Seahawks
Per Field Yates , the Seahawks have restructured the contract of Geno Smith — converting his $9.6M roster bonus into a signing bonus and creating $4.8M in 2024 cap space.
I reached out to Curtis Allen so he could explain what this means ( he’s also produced this great Twitter thread ). According to Curtis, Smith’s new cap hit is $26.4m (down from $31.2m). If the Seahawks were to trade Smith now, they would eat a $27m dead cap hit (up from $17.4m before the restructure).
There are two ways of looking at this. On the one hand, the Seahawks just made it financially more terrifying to trade Geno Smith this year. They ate $26m in dead money to deal Russell Wilson but they got an epic haul via trade. That wouldn’t be the case here. Everything points, in that respect, to Geno being on the roster in 2024 and continuing as the unchallenged starter.
CHAWK TALK: Everything being said about the Seahawks