The final financial breakdown of the Geno Smith trade between the Las Vegas Raiders and the New York Jets has been confirmed, according to Tom Pelissero of NFL Network. The details clarify how the two organizations will split the veteran quarterback's compensation for the season.
Per Pelissero, the Raiders will pay Smith a $16.2 million bonus as part of the agreement. The New York Jets are slated to pay $3.3 million of Smith's base salary. Collectively, Smith is set to earn $19.5 million, which is $1 million more than the guarantee he had remaining on his previous contract before the trade was executed.
This financial resolution provides clarity for both front offices as they navigate their respective salary cap structures following the move. The Raiders solidify their investment in Smith with the significant bonus payment, while the Jets retain a portion of the salary obligation to facilitate the transaction. The deal represents a slight pay increase for the quarterback as he transitions to his new role in Las Vegas.
This is a developing story. Check back for updates.
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