Report: Geno Smith will be back with Seahawks in 2023, whether on a new contract or the franchise tag
The exact amount of the tag will not be known until the official 2023 salary cap is set in the spring, however the non-exclusive franchise tag for quarterbacks is expected to be in the $31.5M to $32.5M range, depending upon exactly which projection is used. For those fans hoping that another team might sign Smith, yielding two first round picks for Seattle, that might be wishful thinking given the history of the non-exclusive tag.
Exclusive franchise tag would be overkill. The last non-exclusive franchise player to move for the full compensation of 2 1st round picks was Joey Galloway in 2000.
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