I was listening to 710 Seattle Sports yesterday and a clip was played featuring Dave Wyman discussing Geno Smith’s contract situation:
“I feel like, for whatever reason, Geno wants $40m. That’s his number”
Wyman isn’t just casually throwing out the $40m as a suggestion. He is well connected to the team and it was announced yesterday that John Schneider will be appearing on his radio show every Thursday until the draft.
This is a steer. This is a nugget of information, pulling back the curtain and letting fans know where the negotiation is.
Smith’s camp are asking for $40m.
I don’t think it’s worth overreacting too much to the news. This is likely a starting point for negotiations. It’s the same average salary being given to Derek Carr, Dak Prescott and Matt Stafford (although Carr is about to be cut by the Raiders).
This simply sets a high bar for the discussion, while the Seahawks will try to set a low bar. From there, the two sides will work on a compromise. That’s business.
However, there is one problem.
By introducing the $40m number, it normalises the idea of paying Geno Smith $30m. Or the $32.4m he’d get on the franchise tag. Suddenly that feels like a more reasonable number simply because it isn’t $40m.
My response to this is…
No, no, no, no, no, no, no, no, no.
No.
How has this become our reality? How have we gone from the Russell Wilson trade, embracing an opportunity to draft a replacement and potentially benefit from years of cost-effective quarterback play, to having a serious debate about paying Geno Smith a similar salary to the one they shipped to Denver 12 months ago?
Smith had one good season in a journeyman career. It wasn’t even a full season of quality play either. You can make the arguments about why his form tailed off and some are valid points to raise. Yet the truth is he still made errors and could easily have had more turnovers — as noted in a previous article:
Hugh Millen raised an interesting point on KJR on Friday. He pointed to a stat provided by PFF listing ‘turnover worthy plays’ by each quarterback. Smith had the second most in the NFL, just behind Josh Allen. Millen also pointed out that Allen had far more ‘explosive’ passing plays and a lot more rushing yards to compensate for his erraticism.
Building on the point, he then noted that when looking at the top-10 quarterbacks — on average 80.6% of their turnover worthy plays had resulted in actual turnovers. In comparison, Geno Smith saw only 48% of his turnover worthy plays actually result in an interception.
That’s staggering.
If he’d thrown the 80.6% average like the rest of the QB’s in the top-10, he would’ve had 25 picks. Even if he’d had a still well below average 65% — he would’ve led the league in turnovers.
I’m not even sure if this accounts for stuff like the pick-six against San Francisco in Seattle which was called back for a fortuitous penalty. That play was blown dead, after all. So it could be even worse than these numbers suggest.
Regardless, Smith had incredible luck when it came to turnovers this season.
There’s a key point to be raised here. The ridiculous state of middle-class quarterback salaries in the league shouldn’t dictate anything. If a handful of middling QB’s get paid a lot of money, you are not duty-bound to give Geno Smith the same contract.
Nobody can look at the $46m given to Kyler Murray, the $40.5m given to Derek Carr, the $40m given to Dak Prescott, the $35m given to Kirk Cousins or the $29m given to Ryan Tannehill and think that’s money well spent.
Desperation at the position has created a financial problem. Teams fearing life without the ‘good not great’ quarterback end up sleepwalking into awful contracts, handcuffing themselves to mediocrity.
Often those teams cling to the false hope that ‘things might be different next year’. It never is. Season after season we see the same thing. A team good enough not to be bad — but nowhere near good enough to be Champions.
The thing is, you can understand why the Minnesota Vikings are inclined to keep themselves in this rut. They’re picking 24th overall. In order to trade into the top-five, it might cost them three first round picks. Unless they want to launch a major rebuild, they face the prospect of sticking with Cousins or rebuilding painfully.
In that awkward situation — being able to offer the fans some modest hope, being able to sell tickets and merchandise, being able to play a playoff game or two — that makes business sense even if we know the Vikings are never likely to win anything with Cousins on a $35m deal.
Yet isn’t that the point? To win titles. Not make up the playoff numbers.
Now look at the Titans. When they paid Tannehill it was seen as a good move. In the years that followed, Tennessee had to restructure his deal twice because the cost became prohibitive. As a consequence, his three-year deal evolved into a four-year contract. Meanwhile, the Titans haven’t won a single playoff game since he re-signed.
Now, they’re being linked with a big trade up the board into the top-five. To do what? You guessed it — draft a cheaper, more talented quarterback. Just as the 49ers felt obliged to do to try and replace Jimmy Garoppolo.
The Seahawks face no such dilemma. Thanks to Denver, they have the #5 pick. One of the top-four quarterbacks will be available to them at #5. They have an opportunity to try and emulate the Eagles — who were a four-win team in 2020 and a nine-win team in 2021. Now they’re in the Super Bowl.
I am totally convinced that C.J. Stroud, Bryce Young, Will Levis and Anthony Richardson are capable of doing what Jalen Hurts has done. Build the roster around a young quarterback and you can set out to emulate the Eagles.
You’re not guaranteed to succeed. Nobody is saying that. It’s a plan, though, that makes more sense than paying Geno Smith a fortune and being forced to rely solely on the draft to add to your roster because most of your cap space is gone.
I’ve always felt keeping Geno Smith as your answer to Alex Smith in Kansas City — then drafting an heir apparent — is the best plan. That requires a bridge contract though. Not $40m. Not $32.4m. Not $30m.
I’m not even sure why we’re talking about these numbers. Who is the other team creating a heated market for Geno? Who is it? Every single article I read barely mentions Smith as an option for the Saints, Jets, Panthers, Colts etc. There’s plenty of Aaron Rodgers chatter, Derek Carr speculation and Jimmy Garoppolo talk. There’s never anything about Geno Smith.
The only team I can imagine having interest is Tampa Bay. Todd Bowles knows Geno from their New York Jets days and they’re interviewing Dave Canales, Seattle’s QB coach, for their offensive coordinator role.
The Buccs can’t rebuild because they have too many hefty contracts. Their only solution is to re-work deals to reduce their -$58m cap hole they’re currently in.
That in itself is a problem though. The one other potential suitor that appears obvious is $58m over the cap. Are they really in a position to throw money at Smith?
Why do the Seahawks need to even go as high as $30m? Just because that’s perceived to be market value? Screw market value. He’s worth as much as the highest bidder is willing to pay. The Seahawks should be bold — let him test the market. Be prepared to lose him. It’d be worth it to get a better deal, save money and potentially land Smith on another incentivised contract. If someone does offer around $30m — good for him. Wish him well and move on.
A lot of fans will say the cap is meaningless and the Seahawks can structure a deal to avoid a big cap hit this year. That’s very true. However, if you’re signing someone to a contract worth $30-35m a year — you can’t have a cheap year-one cap-hit unless the money becomes enormous in future seasons. That will lead to dead money if you part ways, or you’ll be left paying a massive amount to a quarterback in his mid-30’s — limiting what you can do elsewhere to improve your roster.
Essentially whatever money you give to Geno could be spent elsewhere — possibly on multiple players.
This brings me back to the original point. Just because the quarterback market is completely dumb, doesn’t mean YOU have to join in. You can say ‘no’. You can draft a quarterback at #5. You can make Drew Lock your bridge, or someone else.
You don’t have to pay Geno Smith — especially when the likelihood is with or without Smith, you are building for another two off-seasons at least. And like Cousins, Tannehill, Carr and co — is he ever going to be able to win you a Super Bowl if he’s taking up a large chunk of your cap space and needing to cover flaws on the roster?
Let’s look at how the franchise-tag amount of $32.4m — a figure a lot of people seem comfortable with — compares to other positions. The stupidity of overpaying at quarterback is really brought home by the following list of players and their average salaries:
Myles Garrett — $25m
Maxx Crosby — $23m
Chris Jones — $20m
Jalen Ramsey — $20m
Haason Reddick — $15m
Trey Hendrickson — $15m
Budda Baker — $14.75m
D.J. Reader — $13.25m
Javon Hargrave — $13m
Look at the impact players you could sign, that have been available in free agency recently, for the price of Geno Smith. That’s before we even get into the point that Smith’s agents are supposedly asking for a contract worth $15m more than Myles Garrett’s.
Again — this is silly. We shouldn’t care ‘what the market says’ at quarterback. The market is broken. You eat it and accept it for a Joe Burrow or Patrick Mahomes. You know it’s going to cost you. But the simple fact is it’s too expensive to sign non-elite quarterbacks. You should be prepared to look elsewhere to find value, just as you did in 2022 when you paid Smith $3.5m plus incentives.
Turning that into a contract worth nearly ten times the amount would be the polar opposite of value. It’d be even worse if Smith’s form was akin to the second half of the 2022 season for an extended period.
People talk about the risk of going the rookie route. Sure. Let’s also acknowledge that committing massive money to Smith is also a risk.
I think there’s a possibility we’ll begin to view the smart, dynamic teams as the ones who game the QB market.
The Seahawks should be prepared to do that. At the moment, all the signs are they’re preparing to pay Smith. Maybe they’ll create a deal that ‘looks’ good so Geno can say he won a great contract but in reality, gives the team plenty of leeway?
I can only hope that’s true. Keeping a player you like and believe in is understandable but it has to be for the right price. Forty million dollars is not the right price for Geno Smith.
I still think fans and media alike should be more prepared to embrace drafting a quarterback at #5, signing a cheaper bridge quarterback like Drew Lock, using your cap saving to add talent in free agency and then using your remaining premium stock at picks #20, #38 and #53 to add the best talent available.
This is a rebuild, not a quick haircut and off you go.
It’s time to be firm, strict and prepared to move on to another quarterback if needs be. This is a better quarterback draft than many are suggesting, too.
Smith and the Seahawks are good for each other but not for an eye-watering amount of money. The Seahawks should be the team that says ‘no’ to the nonsense of the quarterback money market. The Seahawks should set out to be the trailblazers who game the system — using their own offensive scheme — to produce value at a cheaper price.
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