The Seahawks have opened up some cap space ahead of free agency.
A week after guaranteeing Geno Smith’s salary for the 2024 season, the Seattle Seahawks have restructured the starting quarterback’s contract. Smith, who was due a $9.6 million roster bonus by March 18, will have that money converted into a signing bonus.
’s Field Yates reports that half of that money will result in created cap space for this offseason. Here’s what Seahawks GM John Schneider had to say about the decision on Seattle Sports 710. “It’s a roster bonus that’s converted to a signing bonus. So the roster bonus just for cap purposes, you can take a roster bonus and there’s language in the contract where we can convert it to a signing bonus and then it’s spread out over the duration of the contract.
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