Geno Smith to Receive $16M Bonus on Raiders Contract amid Extension Rumors

Las Vegas Raiders quarterback Geno Smith is set to receive a $16 million roster bonus on Sunday, per Tashan Reed of The Athletic.

Reed noted that the bonus can essentially be converted into a larger signing bonus if Smith receives an "expected" contract extension from the Raiders.

On March 7, Las Vegas acquired the veteran passer in a trade with the Seattle Seahawks. The Raiders sent the Seahawks a 2025 third-round pick in return.

Fox Sports' Jordan Schultz reported that Seattle and Smith were engaged in negotiations regarding a potential extension "all week" prior to the trade, but the Seahawks were "not willing to come to the number Smith desired."

They offered the signal-caller a two-year extension in the range of $40-45 million per year, according to Bob Condotta of the Seattle Times.

Smith is entering the final season of a three-year, $75 million contract that he signed with the Seahawks in 2023. He'll carry a cap hit of $31 million during his 2025 campaign.

The Raiders can lower his cap hit with a potential extension, which appears to be a possibility.

Reed previously reported Thursday that Smith should receive a contract extension from Las Vegas "this week."

The 34-year-old failed to exceed expectations with the Seahawks last season, but he earned Pro Bowl honors in 2022 and 2023. In 17 starts during Smith's 2024 campaign, he completed 70.4 percent of his passes for 4,320 yards and 21 touchdowns compared to 15 interceptions.

A familiar face could help the quarterback get back on track, as he'll be reuniting with new Raiders head coach Pete Carroll. Carroll and Smith were together on the Seahawks from 2020-23.

As Las Vegas looks for some stability under center in 2025, its new starting quarterback could be in line for an extension with a roster bonus due on Sunday.