Seattle Seahawks quarterback Geno Smith has had one of the most unique rises to a starting QB job in today’s NFL. After a tumultuous two years starting in the league for the New York Jets, Smith would remain a backup for six years where he would become somewhat of a journeyman. His career was essentially deemed over.
A contract extension in March 2023, though, showed just how far he had come. What are Smith’s current salary and net worth?
Geno Smith’s 2024 Deal and Previous Agreements
Smith is currently under contract with the Seahawks for three years, with this upcoming season being the second year of the deal. The AAV (average annual value) on the three-year deal is $25 million per year.
When Smith was drafted, he was signed to a four-year, $5 million contract with a $2 million signing bonus. This lasted him until the end of the 2016 season, when he signed a one-year deal with the New York Giants for a backup salary just over the league minimum at $1.2 million.
Geno Smith after Week 1: “They wrote me off. I ain’t write back though.”
And now he re-signs on a reported 3-year, $105M contract.
Incredible.
— Ari Meirov (@MySportsUpdate) March 6, 2023
After his second team, Smith’s journeyman career began when he went to another team the following year. In 2018, he signed with the Chargers, again with no intentions from the front office of him starting. This time around, he got even less money, with a figure of $1 million and $200,000 upon signing.
Smith landed with the Seahawks in 2019, which has now been his home for the past five seasons. Still not getting much of a payday (as far as NFL contracts are concerned), he received a one-year deal for $895,000, with $25,000 tacked on upon signing.
For the next two seasons, Smith would again receive consecutive one-year deals, with the figures being $1.187 million and $1.212 million, respectively, with a total of $275,000 combined as signing bonuses.
The 2022 season would carry a similar story as far as salary goes, yet he did receive a much nicer $500,000 upon signing. Smith’s play in 2022 is a different story, though.
He completely revamped his career under former head coach Pete Carroll and former offensive coordinator Shane Waldron. Smith led Seattle to a playoff berth, got his first nod as a Pro Bowl player, and won Comeback Player of the Year.
The dollar signs followed his impeccable play the following season, and Smith was signed to a three-year, $75 million contract (with a $25 million signing bonus).
What Is Smith’s Net Worth?
Based on the contract totals, Smith will have earned over $90 million from contracts alone once his final contract is completed, with just under $30 million added on with signing bonuses.
Net worth is tough to estimate considering expenses and taxes are not public information. However, with everything considered, Smith’s estimated net worth was around $4-7 million prior to the contract extension and should be around $10 million factoring in his current contract.
Smith doesn’t have a history of endorsements or partnerships. Neither does he have public information of any investments he might have made.
Smith is a true embodiment of never giving up and never stop betting on yourself. A decade of either lackluster play or not getting the opportunity could have been enough to force his hand in calling it quits. Yet, he stayed the course, and it paid off big time legacy-wise and financially.