The Las Vegas Raiders are moving on from last season’s starting quarterback Geno Smith, according to sources via ESPN’s Adam Schefter. The team is expected to release the veteran signal-caller before the start of the new league year, barring a late trade agreement with another franchise.
Smith’s departure marks a significant shift for the Raiders roster as they head into the upcoming offseason. By releasing him, the organization will successfully open up $8 million in salary cap space, providing much-needed financial flexibility for future free agency moves and draft class signings. However, the transaction comes with a substantial financial burden, as the Raiders will be forced to take on $18.5 million in dead money for the upcoming season.
The decision follows a season where Geno Smith served as the primary starter for the organization. The timing of the move, occurring just before the start of the new league year, allows both the team and the player to explore new opportunities in the market. Smith will now likely enter free agency as a veteran option for teams seeking quarterback depth or a bridge starter for the 2024 campaign.
This is a developing story. Check back for updates.
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