Raiders to Compensate Geno Smith $16.2M, Jets $3.3M This Season
In a notable development within the NFL, Geno Smith will return to the Jets this season. However, most of his salary will be covered by the Raiders. Smith is set to earn a total of $19.5 million. Of this amount, the Raiders will contribute $16.2 million, while the Jets will cover the remaining $3.3 million.
Financial Breakdown of Geno Smith’s Salary
This arrangement signifies that the Raiders are paying approximately 83 percent of Smith’s salary for this season. The significant financial commitment from the Raiders stems from a contract extension they provided last year when they acquired Smith. This extension guaranteed him $18.5 million. As a result of the trade, the Raiders are saving $2.3 million compared to the cost of cutting him from the team.
Draft Implications
In addition to the financial aspects, the trade also impacts the draft situation for the Raiders. By trading Smith, they exchange their own seventh-round pick for the Jets’ sixth-round pick. This maneuver allows the Raiders to enhance their draft capital on the third day.
Benefits for Geno Smith
The transaction proves advantageous for Geno Smith as well. He receives an additional $1 million beyond his initial guarantee for this season. Furthermore, he gains the certainty of a defined role with the Jets, his former team.
- Total Salary: $19.5 million
- Raiders Contribution: $16.2 million (83% of total)
- Jets Contribution: $3.3 million
- Contract Guarantee from Raiders: $18.5 million
- Saving for Raiders: $2.3 million
This trade allows the Raiders to alleviate a contract they previously regretted, while providing Smith a renewed opportunity in his career. As he returns to the Jets, both parties can look forward to a promising season ahead.
