The Raiders signed QB Geno Smith to a two-year, $85.5 million extension.

Fantasy Impact

The deal has incentives that can take the new-money total to $85.5 million, while the max value extension includes $66.5 million in guarantees. The two sides have been working on an extension, and Smith now remains in Las Vegas through 2027.

Raiders GM John Spytek said that he's confident something will get done with Geno Smith soon regarding an extension.

Fantasy Impact

Spytek wasn't willing to get into details. The talks have been quiet since Smith was traded to Las Vegas. Pete Carroll also mentioned to reporters that the two sides are working on an extension. This remains a wait-and-see situation.

Geno Smith has been traded to the Las Vegas Raiders in exchange for a third-round draft pick.

Fantasy Impact

It was recently reported that the Seahawks were hoping to sign a contract extension with Smith, but it appears that fell through, as the team is now sending him to Las Vegas in exchange for a third-round draft pick. Sam Howell is currently the next man up for the Seahawks, but it seems likely that they will bring in someone else through the draft or free agency to compete for the starting job. This move is also great news for the fantasy value of players like Brock Bowers and Jakobi Meyers, who will now presumably be catching passes from a proven and reliable veteran quarterback.

Seahawks GM John Schneider said that the team will meet tomorrow with QB Geno Smith's representatives on Friday.

Fantasy Impact

"We hope to get an extension with Geno," Schneider said. "Geno knows he’s our guy. We love him and we want to keep going forward." Schneider added that it will be preliminary discussions in which the Seahawks get a ballpark sense of what Smith will be looking for when negotiations begin in earnest.

Seahawks GM John Schneider says team will meet with Geno Smith’s agents this week to begin talks on an extension.

Fantasy Impact

Schneider said there is no deadline but says Smith is “our guy.” It has been expected all offseason that Geno would remain with the Seahawks. The question was when an extension would come as it would help open up cap space for Seattle. It sounds like an extension could be agreed upon soon.