Geno Smith Lands with Jets; Raiders Cover Majority Salary

Geno Smith is set to play for the New York Jets, with the Las Vegas Raiders responsible for the majority of his salary for the upcoming season.

Financial Breakdown

Smith's total salary for the year will amount to $19.5 million.

The Raiders will pay $16.2 million, while the Jets will contribute $3.3 million. This arrangement means the Raiders are covering 83 percent of Smith’s salary for the current season.

Raiders' Savings

The Raiders' prior contract extension with Smith had guaranteed him $18.5 million. This new deal results in a significant $2.3 million saving for the Raiders compared to the cost they would have incurred had they released him.

Draft Implications

As part of the transaction, the Raiders will improve their draft position. They will move up in the NFL draft, acquiring the Jets’ sixth-round pick in exchange for their own seventh-round pick.

Player Impact

Smith himself stands to benefit, receiving an additional $1 million beyond his previously guaranteed amount for the year. Crucially, the agreement also provides him with clarity regarding his team for the upcoming season.