Source - Raiders, QB Geno Smith reach two-year, $75M extension - ESPN

HENDERSON, Nev. — The Las Vegas Raiders and their new quarterback Geno Smith have agreed to a two-year, $75 million extension, a source told ESPN's Adam Schefter.

The contract has incentives that could push the total to $85.5 million and includes $66.5 million in guaranteed money, the source said.

Smith, 34, is now contractually tied to Las Vegas through the 2027 season. He had one year and $31 million left on the $75 million contract he signed with the Seattle Seahawks in 2023.

Geno Smith has started 49 of a possible 51 games over the past three seasons. Jared Goff (51) and Josh Allen (50) are the only quarterbacks who have started more games since 2022.

The Raiders traded a 2025 third-round pick to the Seahawks to acquire Smith last month.

The acquisition of Smith solved the Raiders' need for a quarterback after the team struggled under Gardner Minshew and Aidan O'Connell in 2024. Most importantly, the arrival of Smith allows them to compete right away under the new regime of head coach Pete Carroll and general manager John Spytek.

In 2024, Smith broke the Seahawks' franchise record for passing yards (4,320) and completion rate (70.4%) while throwing 21 touchdowns and 15 interceptions in 17 starts. He led the Seahawks to a 10-7 record, but they didn't qualify for the playoffs.

He will become the fifth player since the 1970 AFL-NFL merger to set a franchise record for passing yards and then start the following season with a new team, joining Jameis Winston, Jay Cutler, Ken Stabler and Bob Berry.

Over the past three seasons, Smith has been one of the league's most accurate passers, ranking fourth among all quarterbacks in completion percentage and first in off-target percentage, meaning he had the most throws on target,